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OFX (company)

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In December 2015, OFX unveiled the new brand and OFX.com in Australia. This was the first step in a program that would see the group's seven regional brands consolidated into a single global brand. Up until that date it operated a number of different territory specific brands that include
267:. In June 2011, ING Group announced the sale of its ING Direct division to Capital One for $ 9 billion in cash and stock. Capital One received permission to merge ING into its business in October 2012, and rebranded ING Direct as Capital One 360 in November 2012. 238:
Founder Matthew Gilmour launched OzForex in 1998 in Sydney, Australia. Gilmour ran the website part-time until 2000 when he left his investment banking job to commit to the company full-time. In 2001, the company launched its first online money transfer facility.
283:. Representatives from both Accel Partners and Carlyle serve on the OFX Board of Directors. The company's founders and Macquarie Private Wealth, which is part of Macquarie Group, together retained significant ownership of OFX, with Neil Helm continuing as CEO. 370:
In 2023, OFX collaborated with Shift to integrate OFX's foreign exchange service into the Shift Business Overdraft. This integration allows Shift Business Overdraft customers to make international money transfers within their Shift accounts.
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In 2004, Gilmour sold part of OzForex to Gary Lord, an ex Bankers Trust colleague, and in 2005 sold again so that both were equal shareholders, and they became joint managing directors.
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In November 2015, OFX received an unsolicited "non-binding indicative proposal" from Western Union to acquire 100% of OFX, however in February 2016 discussions were discontinued.
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In July 2021, OFX announced a $ 6.1 million investment in European treasury management cloud software company TreasurUp, the company's largest strategic investment to date.
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In 2024, the European Legends Tour named OFX as their Official FX Partner and title sponsor of the Irish Legends tournament at Seapoint Golf Links in Louth.
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In December 2021, OFX announced an agreement to acquire Canadian global foreign exchange service provider Firma. The acquisition was completed in May 2022.
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In March 2020 OFX confirmed that it had received a further unsolicited approach, and the company entered into discussions about potential
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activity, the details of which remain confidential. However, the discussions were discontinued due to uncertainty in equity markets.
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executive Richard Kimber as CEO and managing director of OFX, replacing Neil Helm, who led the company to its $ 480 million
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in the United Kingdom, providing an account-to-account service through a white label arrangement.
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OzForex was founded by Matthew Gilmour in 1998 while working as the head of foreign exchange at
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OFX reported revenue of AU$ 228.9 million in 2023, marking a 45% surge from FY 2022.
218: 55: 1478: 514: 1538: 1503: 1449: 1151: 1109: 1533: 1508: 290:. In the same year, OFX signed a partnership with global money transfer service 207: 1523: 1209: 1171: 1097: 1065: 65: 1464: 1272: 1146: 1114: 676: 291: 264: 199: 920:"OFX invests $ 6.1M in TreasurUp to better service SME hedging strategies" 490:"OFX and Storfund Announce Work Alliance to Support Marketplace Retailers" 1493: 1156: 298: 195: 997:"OFX international payments integrate with the Shift Business Overdraft" 696:. Office of the Comptroller of Currency. 17 October 2012. Archived from 1129: 801: 589: 436:"OFX partners with Link Market Services for cross-border transactions" 1277: 1176: 1124: 843:"OFX money transfer review - a reliable provider for large transfers" 798:
OzForex says talks to be acquired by Western Union fail, shares slump
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In February 2017 John Malcolm replaced Richard Kimber as CEO.
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In 2015, investors were informed of the appointment of former
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In 2010, the group received minority growth investment from
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In 2009, OFX began offering a platform for international
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in 2007 and partial interest to other investors in 2010.
888:"OFX Announces the appointment of a new Chief Executive" 817:"Name change for OzForex, as new chief sets big target" 1580:
Companies listed on the Australian Securities Exchange
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purchased 51% of OFX and Neil Helm became CEO of OFX.
162: 1052:"New sponsor gives Irish Legends event a major boost" 1486: 1342: 1265: 1258: 868:Redrup, Yolanda; Willitts, Will (1 February 2017). 157: 147: 127: 117: 100: 89: 81: 71: 53: 43: 35: 763:"OzForex Group Limited Admission to official List" 615:Australian Securities & Investments Commission 395:"OFX 1H23 Financial Results Investor Presentation" 221:. Controlling interest in the company was sold to 1590:Financial services companies established in 1998 1429:Macquarie Power & Infrastructure Income Fund 785:"OzForex, MoneyGram Ink Deal on Money Transfers" 16:Australian foreign exchange and payments company 945:"Foreign exchange firm OFX buys Canada's Firma" 1236: 1081: 8: 1585:Financial services companies based in Sydney 21: 673:"ING To Sell ING Direct USA to Capital One" 519:AVASK Accounting & Business Consultants 1262: 1243: 1229: 1221: 1205: 1088: 1074: 1066: 186:and payments company with headquarters in 27: 20: 724:"ING Direct rebranded as Capital One 360" 286:On 11 October 2013 OFX was listed on the 722:Ruiz Switzky, Bryant (8 November 2012). 585:"From hobby to foreign exchange service" 409:"How do I make international transfers?" 655:"ING to offer overseas money transfers" 386: 1382:Fox-Pitt Kelton Cochran Caronia Waller 745:"Carlyle, Accel Buy Stakes in OzForex" 341:before a brand consolidation to OFX. 244:Australian Financial Services License 7: 1304:Macquarie Infrastructure Corporation 194:international transfer services for 841:Russell, Rosie (22 November 2018). 627:"Macquarie acquires 51% of OzForex" 465:"OFX teams up with WiseTech Global" 14: 815:Drummond, Shaun (6 August 2015). 743:Curran, Enda (23 November 2010). 463:Bencic, Emily (28 October 2021). 348:2020-2022 offers and acquisitions 242:In 2003, the company obtained an 1610:1998 establishments in Australia 1477: 1398:Isle of Man Steam Packet Company 1204: 1195: 1194: 904:Maria Nikolova (18 March 2020). 136: 135: 1387:Genesee & Wyoming Australia 1309:Macquarie Investment Management 729:American City Business Journals 770:Australian Securities Exchange 288:Australian Securities Exchange 1: 1050:Kelly, Paul (26 March 2024). 783:Tan, Gillian (10 June 2013). 691:"Conditional Merger Approval" 539:Office, Australian Taxation. 1289:Camin Cargo Control Holdings 1605:The Carlyle Group companies 1600:Online remittance providers 949:Australian Financial Review 874:Australian Financial Review 571:Australian Financial Review 1626: 1595:Foreign exchange companies 546:Australian Taxation Office 234:Foundation and early years 182:, is an Australian online 1475: 1376:Elizabeth River Crossings 1190: 1105: 26: 1033:"OFX joins Legends Tour" 354:mergers and acquisitions 1414:Macquarie European Rail 1329:Pinsly Railroad Company 893:. ASX. 1 February 2017. 541:"Other payment options" 515:"AVASK OFX partnership" 312:2015 Name change to OFX 303:initial public offering 1460:Virgin Money Australia 1299:Green Investment Group 787:. Wall Street Journal. 178:, previously known as 1559:Shemara Wikramanayake 1514:Catherine Livingstone 1424:Macquarie Media Group 1355:Macquarie Atlas Roads 821:Sydney Morning Herald 659:Sydney Morning Herald 632:Sydney Morning Herald 1294:Delaware Investments 567:Client trust the key 749:Wall Street Journal 703:on 16 February 2013 574:25–28 January 2007] 444:. 18 September 2019 149:Number of employees 112:(Managing Director) 23: 1434:National Car Parks 1419:National Car Parks 1403:Macquarie Airports 1142:Ria Money Transfer 1001:Australian Fintech 951:. 20 December 2021 772:. 11 October 2013. 661:. 14 October 2009. 397:. 8 November 2022. 143:147 million (2022) 76:Financial services 1567: 1566: 1473: 1472: 1408:Lal Lal Wind Farm 1218: 1217: 675:(Press release). 593:. 14 October 2005 281:The Carlyle Group 173: 172: 113: 110:, John Malcolm – 109: 1617: 1519:Max Moore-Wilton 1481: 1445:Stagecoach Group 1350:Adelaide Airport 1284:Bingo Industries 1263: 1245: 1238: 1231: 1222: 1208: 1207: 1198: 1197: 1090: 1083: 1076: 1067: 1060: 1059: 1047: 1041: 1040: 1039:. 26 March 2024. 1029: 1023: 1022: 1011: 1005: 1004: 993: 987: 986: 984: 982: 975:www.listcorp.com 967: 961: 960: 958: 956: 941: 935: 934: 932: 930: 916: 910: 909: 908:. 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Index


Public
Traded as
ASX
OFX
Financial services
Sydney
Foreign exchange
Operating income
A$
www.ofx.com
foreign exchange
Sydney
white-label
Travelex
MoneyGram
Xero
Capital One 360
Macquarie Group
Bankers Trust
Macquarie Group
Australian Financial Services License
Macquarie Bank
money transfers
ING Direct
Accel Partners
The Carlyle Group
Australian Securities Exchange
MoneyGram
ANZ Bank

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