Caxton FX

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Caxton FX
Private
Industry Foreign Exchange
Founded 2002 (2002)
Headquarters London
Key people
Rupert Lee-Browne (CEO)
James Hickman (Managing Director)
Products Foreign Exchange
Services Prepaid cards
Online Foreign Exchange Transactions
Number of employees
Approx. 80
Website www.caxtonfx.com

Caxton FX is a UK-based foreign exchange, international payments and prepaid card provider based at Portland House in Westminster, London, England. It is a registered money service business with HM Revenue and Customs and regulated by the Financial Conduct Authority.

History[edit]

The company was founded in 2002 by Rupert Lee-Browne a management consultant for financial and media groups with a background in IT and media start up companies.[1]

The company focuses on three main services: foreign exchange deals, an online FastPay currency transfer service[2] and three different pre-paid currency cards.[3] The company also provides analysis, reports and forecasts on foreign currency markets and international and national economies.

In 2007, Caxton FX launched euro and US dollar currency cards[4] and in 2009 launched a Global Traveller card.[5]

In September 2011, Caxton FX issued four year non-transferable company bonds to raise £4m of working capital.[6] The bonds were offered to retail investors as a means of raising funds and as an alternative to a bank loan for the company.[7]

In 2014 Caxton FX expanded their international transfer service making it possible to sell euros from a Caxton FX FastPay account as well as the existing ability to buy 23 major currencies.

In April 2014 the company posted an annual turnover of 750 million pounds with a 12 month predicted turnover of 1 billion pounds.[8]

Sponsorship[edit]

In 2012 Caxton FX announced a 2 year deal as the official currency exchange sponsor of British Skier Chemmy Alcott. [9]

Continuing their support of British sporting talent, 2014 has seen Caxton FX sign Ladies European Golf star Melissa Reid on a one year contract. [10]

References[edit]

  1. ^ "Speakers for Prepaid Cards Asia 2008". Retrieved 11 August 2011. 
  2. ^ "Foreign exchange: Beating the banks at their own game". BBC News. 15 December 2010. Retrieved 1 December 2011. 
  3. ^ Murray-, Rosie (22 September 2011). "Pre-paid card tips". The Daily Telegraph (London). Retrieved 1 December 2011. 
  4. ^ Russell, Rosalnd (26 July 2007). "Play your cards right and avoid extra costs while abroad". The Daily Telegraph (London). Retrieved 5 December 2011. 
  5. ^ Walsh, Collette (11 April 2009). "Beginner's Guide To: Prepaid cards". The Independent (London). Retrieved 5 December 2011. 
  6. ^ "How to find an income in a high-inflation market". Retrieved 5 December 2011. 
  7. ^ "Stopping train to recovery makes tracks". Retrieved 5 December 2011. 
  8. ^ "IFB 2014 Ambassadors". International Festival for Business 2014. Retrieved 14 October 2014. (registration required (help)). 
  9. ^ "Sponsorship: Why it should be part of your 2014 marketing strategy". Retrieved 7 September 2014. 
  10. ^ "Caxton FX launches sponsorship with British Golfer Mel Reid". Retrieved 7 September 2014. 

External links[edit]