Case Study: freemarketFX

RAISED, £2,667,996

INVESTORS, 52

FUNDED, 108%

RAISED

INVESTORS

FUNDED

£2,667,996

52

108%

In 2015, VentureFounders successfully supported freemarketFX on a total £2.1 million equity raise in two funding rounds alongside angel investors. In 2017, VentureFounders was was pleased to invest in freemarketFX’s next £900k funding round, alongside new investors and led by chairman Rich Ricci

freemarketFX is an FCA authorised, innovative peer-to-peer currency exchange, focused on the high-value B2B commercial spot FX market.

Through its platform, the company significantly reduces currency exchange costs for businesses and provides the ability to aggregate FX requirements with other participants to optimise rates.

freemarketFX was founded and is led by Alex Hunn, who has 18 years’ experience in the FX market with Credit Suisse and Deutsche Bank.

www.freemarketfx.com

This funding round, supported by VentureFounders, allows us to accelerate our already ambitious growth strategy and develop our team even further.

ALEX HUNN CHIEF EXECUTIVE OF FREEMARKETFX

Key Investment Highlights

  • Scalable business in a very large market ripe for disruption

  • Fully operational and experiencing strong client growth

  • Substantial cost savings for clients and viable alternative to banks and brokers

  • Strong, experienced management team