Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
“International Payment Specialists”<br />
Selected Company Profiles (cont.)<br />
Products & Services Overview<br />
OFX is formerly<br />
known as OzForex<br />
CEO:<br />
Headquarters:<br />
Company Overview<br />
Richard Kimber<br />
Sydney, Australia<br />
Founded: 1998<br />
• OFX is a leading international payment specialist providing<br />
online payment services to consumer <strong>and</strong> business clients;<br />
enables clients to make international payments from one bank<br />
account to another in over 50 currencies <strong>and</strong> more than 900<br />
currency pairs; services provided across 6 continents<br />
including a sizable <strong>and</strong> fast growing U.S. business<br />
Personal<br />
Transfer Money<br />
• International money transfers<br />
• Currency conversion<br />
• Forward contracts & FX Options<br />
• Regular payments<br />
• Expert dealers & personal service<br />
• Over 47 currencies<br />
FX Products<br />
• Spot Deal<br />
• Forward Contract<br />
• Limit Order<br />
• FX Options<br />
• The Company also provides a range of international payment<br />
solutions to partner companies including Travelex,<br />
MoneyGram <strong>and</strong> ING Direct, which enable these partners to<br />
offer international payment services to their end users<br />
• Key Facts: 8 global br<strong>and</strong>s across 6 office locations; over<br />
450k registered clients; major financial institution partners<br />
globally including Barclays, UBS, Bank of New York Mellon,<br />
Bank of America <strong>and</strong> Westpac; 460,000 fund transfers last<br />
year; AUD$9.1 billion in foreign exchange transactions last<br />
year; 95%+ of recurring transactions completed online<br />
• Completed its IPO on the Australia Stock Exchange in<br />
October 2013<br />
Transaction History<br />
Date $ mm Type Acquirer / Investor (s)<br />
08/29/14 $414 IPO Public<br />
11/22/10 na Financing<br />
Accel Partners; The Carlyle<br />
Group<br />
Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase.<br />
Business<br />
Forex<br />
Tools<br />
Make / Receive Foreign Payments<br />
• Personal accredited account manager for<br />
each client<br />
• Spot transactions<br />
• Hedging tools: Forward contracts, Limit<br />
orders & FX currency options.<br />
• SMS Rate alerts<br />
• Market updates from your dealer<br />
Risk Management<br />
Mobile App<br />
Currency Converter<br />
Currency Charts<br />
Historical Rates<br />
Customer Rates<br />
Spot Exchange Rates<br />
43
Change language