When was FX Paymaster founded?

FX Paymaster was founded in 2017.

Where is FX Paymaster located?

FX Paymaster is headquartered in Covent Garden, United Kingdom.

How many employees does FX Paymaster have?

As of Jul 01, 2024, the latest employee count at FX Paymaster is 7.

Is FX Paymaster a funded company?

FX Paymaster is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does FX Paymaster rank among its competitors?

FX Paymaster ranks 506th amongst 829 active competitors, of which 109 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Tipalti, which secured $200M in Sep, 2025.

Who are the top competitors of FX Paymaster?

FX Paymaster's top competitors include Payoneer, Remitly and Wise. Among them, Tipalti secured the most recent funding round in September, 2025.

FX Paymaster - 2026 Company Profile, Team & Competitors

Company Details

Paymaster provides foreign exchange and money transfer services for individuals and businesses. Users register online and place their order by making payments via local bank transfer. Funds are transferred to the beneficiary's bank account. The platform offers spot contracts and forward contracts. Charges a flat fee of £10 per payment.

Website: fxpaymaster.co.uk
Email ID: *****@fxpaymaster.co.uk
Phone Number: +44 **********

Key Metrics

Founded Year

2017

Location

Covent Garden, United Kingdom

Stage

Deadpooled

Ranked

506^th among 829 active competitors

Employee Count

7 as on Jul 01, 2024

Similar Companies

Remitly & 845 more

View FX Paymaster's full profile

FX Paymaster has not raised any funding rounds yet.

The founders of FX Paymaster are Lyle Pretorius and Mike Steenkamp.

Here are the details of FX Paymaster's key team members:

Lyle Pretorius: Co-Founder of FX Paymaster and founder of 1 other company.
Mike Steenkamp: Co-Founder of FX Paymaster.

View details of FX Paymaster's Founder profiles and Board Members

FX Paymaster's employee count trend

FX Paymaster has 7 employees as of Jul 24. Here is FX Paymaster's employee count trend over the years:

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Top competitors of FX Paymaster include Payoneer, Remitly and Wise. Here is the list of Top 10 competitors of FX Paymaster, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payoneer 2005, New York City (United States), Public	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	Wellington, TCV & 23 others	84/100
2nd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
3rd	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$1.03B	Lone Pine Capital, Valar Ventures & 119 others	83/100
4th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
5th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	New Enterprise Associates, General Catalyst ... & 8 others	76/100
6th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 12 others	76/100
7th	Kadmos 2021, Germany, Acquired	Provider of a platform for managing and automating international salary payments	$38.9M	Blossom Capital, Addition & 21 others	73/100
8th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 22 others	73/100
9th	Remessa Online 2016, Sao Paulo (Brazil), Acquired	Provider of international money transfer services for individuals and businesses	$21.5M	Kaszek, Bewater Ventures & 4 others	73/100
10th	Aspora 2022, London (United Kingdom), Series B	Operator of a platform facilitating international money transfers and related services	$95.5M	Hummingbird Ventures, Sequoia Capital & 10 others	68/100
506th	FX Paymaster 2017, Covent Garden (United Kingdom), Deadpooled	Foreign exchange services provider	-	-	18/100