Claret Capital Partners portfolio company, CurrencyFair, an international currency exchange platform, has merged with the Australia-based Assembly Payments following a strategic investment by Standard Chartered Ventures.
CurrencyFair said following the merger employee numbers at the company will rise from 90 to 160 with plans to grow headcount to more than 450 people over the next four years.
“This merger is a natural evolution for CurrencyFair as we move beyond simple transitions towards building a company which allows businesses and individuals to access, build, connect and use any payment service.” Paul Byrne, President and CEO, CurrencyFair
“Together Assembly Payments and CurrencyFair are ideally positioned to focus on the growing needs of the global cross border business payments market.” Tim Dicksinson, Co-CEO, Assembly Payments
Read the full article in the Irish Times: https://www.irishtimes.com/business/financial-services/currencyfair-to-merge-following-standard-chartered-investment-1.4530909