Commonwealth Foreign Exchange Joins moneycorp Family

Exciting News!

We are very excited to announce that the purchase of Commonwealth Foreign Exchange by moneycorp was finalized in early January 2018.  This transaction marks an important expansion of moneycorp’s industry-leading global payments platform into North America and will allow us to offer a much wider array of products and services to our valued business partners.

The combination of moneycorp’s cutting-edge technology solutions and payments platform with Commonwealth Foreign Exchange’s long history of success in servicing American firms’ global payment needs will result in a unique opportunity for us. The combined firm will have the ability to service a much wider scope of U.S. corporate payment needs and bring our existing clients a much deeper suite of risk management solutions, a state-of-the-art global payment platform, expanded access to online dealing and a host of other increased efficiencies.

The challenge of merging two well-established companies is one that we do not take lightly. Our priorities throughout the upcoming transition period remain the absolute continuity of our business operations along with the same dependable delivery of your global payments that has fueled our success over the past 20 years. Your trusted account manager will remain the same point of contact for all your payment needs throughout the integration process.

We take great pride in our high level of customer service, which has always been at the heart of Commonwealth Foreign Exchange’s philosophy. Similarly, a strong culture of lasting relationships and trust is at the core of moneycorp’s 35 years of success and is one of the most obvious synergies of this merger.

Over the next few months you may start to see the transitioning of our brand as Commonwealth Foreign Exchange integrates into the moneycorp Group. We look forward to continuing to serve and grow with our business partners as moneycorp US!

Who is moneycorp?


moneycorp is an award-winning foreign exchange specialist with over 35 years’ experience in the industry. Their market expertise saves businesses and individuals time and money on their international payments and currency transactions.

moneycorp’s International Payments division provides international money transfers at competitive exchange rates and offers in-depth expert guidance on the foreign exchange market, helping their clients make informed decisions about their international payments

moneycorp is a fully integrated foreign exchange company with total operational control of its services. This allows moneycorp to tailor its products and services according to the requirements of its clients or business partners.

moneycorp Key Facts

  • Served 10,000+ businesses and 127,000 individuals since moneycorp created its International Payments division.
  • moneycorp performed 7.2 million client transactions worth a total of £24.6 bln in 2016
  • moneycorp has offices in the UK, US, Ireland, France, Spain, and Romania plus a multi-lingual customer service and dealing team in London.
  • A fully integrated FX dealing and payments system, offering clients 24/7 access to hold currency, trade currency and make international payments.
  • An intermediary network of over 3,000 referring partners.

Press Release

moneycorp strengthens US market position through final acquisition of Commonwealth FX 

The moneycorp Group has completed the acquisition of US-based corporate international payments business, Commonwealth Foreign Exchange, Inc., enabling one of the world’s fastest growing foreign exchange and international payments specialists market access to the world’s largest economy.

moneycorp has finalized the acquisition, which was signed in May 2017, with successfully receiving change of licensing approval in each necessary state.

Commonwealth FX was established in 1996 and offers foreign exchange and international payments services to corporate clients in the US. The business serves over 4,000 customers in the US, with a team of over 70 specialist foreign exchange professionals across 5 offices.

Commonwealth FX will be rebranded to moneycorp during Q2 2018, increasing visibility of the UK brand internationally, and also giving US customers access to moneycorp’s state-of-the-art international payments platform, which allows multi-bank pricing, a range of FX risk management solutions and is rich in service features.

The completion of the acquisition is the latest move in moneycorp’s international expansion. It comes at the same time as the completion of a 42.5% shareholding of Brazil-based FX provider, Novo Mundo.

Nick Haslehurst, CFOO at moneycorp said:

“The completion of the Commonwealth FX acquisition is further testament to moneycorp’s continuing appetite for growth, particularly in new global markets.

“There is excellent potential to grow our corporate and personal business in the US.

“Our business is growing from strength to strength, as we strive to provide both personal and corporate clients across the globe the best international payments service.”