Add-on Acquisition • Financial Services

OFX Group Acquires Firma

On December 20, 2021, OFX Group acquired financial services company Firma for 90M CAD

Acquisition Context

This is OFX Group’s 1st transaction in the Financial Services sector.
This is OFX Group’s largest (disclosed) transaction.
This is OFX Group’s 1st transaction in Canada.
This is OFX Group’s 1st transaction in Alberta.

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M&A Deal Summary
Date	December 20, 2021
Target	Firma
Sector	Financial Services
Buyer(s)	OFX Group
Deal Type	Add-on Acquisition
Deal Value	90M CAD

Target Company

Firma

Edmonton, Alberta, Canada

Firma is a global foreign exchange service provider servicing Corporate clients with over 9,600 Corporate customers and operates from 9 offices in Canada, Australia, the UK, and New Zealand. Firma was founded in 1998 and is based in Edmonton, Canada.

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Buyer Overview 1

Buyer

OFX Group

Sydney, Australia

Category	Company
Founded	1998
Sector	Financial Services
Employees	692
Revenue	221M AUD (2025)

DESCRIPTION

OFX Group is an online foreign exchange services provider. OFX Group was founded in 1998 and is based in Sydney, Australia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Alberta	1 of 1
Country: Canada	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	1 of 1

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