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  5. CurrencyFair Acquires Convoy Financial Group

M&A Deal Summary

CurrencyFair Acquires Convoy Financial Group

On August 8, 2018, CurrencyFair acquired internet software and services company Convoy Financial Group for 20M EUR

Acquisition Highlights
  • This is CurrencyFair’s 1st transaction in the Internet Software and Services sector.
  • This is CurrencyFair’s 0th largest (disclosed) transaction.
  • This is CurrencyFair’s 1st transaction in China.

M&A Deal Summary
Date 2018-08-08
Target Convoy Financial Group
Sector Internet Software and Services
Buyer(s) CurrencyFair
Deal Type Add-on Acquisition
Deal Value 20M EUR

Target

Convoy Financial Group

Hong Kong, China

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Buyer(S) 1

Buyer

CurrencyFair

Dublin, Ireland
Category Company
Founded 2009
Sector Financial Services
DESCRIPTION

CurrencyFair helps its customer access the real exchange rate, while charging a small transparent margin on each transaction. While this charge varies depending on which currencies are being exchanged, the average margin is around 0.45% of the overall trade. CurrencyFair was founded in 2009 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1
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