The weaker pound has been bad news for some, and good news for others – and exporters seem to be benefiting from more competitive prices to overseas buyers.
Having first addressed the consumer market, financial technology business Revolut has launched a European business offering focused on multi-currency transfers with interbank exchange rates.
It’s one of the biggest variables in business today, so a roundtable conversation on managing currency risk generated some interesting conversation.
Following the denial, anger, depression and acceptance, now comes the bargaining. After a summer recess in which fledgling ministers switched off, now the UK’s new government cabinet has rebooted itself to “brainstorm” the reality of Brexit.
Fourex is on a mission to provide what the company founder calls “currency exchange on steroids”. The tagline certainly is a memorable one and it worked wonders in 2015 as the company secured the praise, and capital, of Richard Branson – as well as a place in our Everline Future 50 2016.
Greece's economic instability is a topic that has been teetering along the edges of our consciousness ever since the financial crisis. But beyond the attention grabbing headlines, what does Greece's disastrous economic state mean for you and more significantly your business?
London foreign exchange business Kantox, which operates using a peer-to-peer marketplace model, has secured an $11m Series B round – this takes total funding to $19m following its 2011 launch.
The world has experienced a recent trend of traditional business models being eradicated by startups which prove disruption doesn’t have to be about creating a new service. EVEN Card is one such company, highlighting the need for the seemingly unchangeable finance services market to adapt to customer needs.
Jonathan Pryor, head of FX dealing at Investec Corporate and Institutional Treasury, explains the finer points of currency hedging as a way to mitigate against fluctuations.
The government has big plans for small businesses this year. With the International Festival for Business set to take place in Liverpool in June, it is hoped that exports will double to £1 trillion by 2020.