When was OFX founded?

OFX was founded in 1998 and raised its 1st funding round 12 years after it was founded.

Where is OFX located?

OFX is headquartered in Sydney, Australia.

Is OFX a funded company?

OFX is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Nov 19, 2010.

When was the latest funding round of OFX?

OFX's latest funding was a $***** PE round on Nov 19, 2010, with participation from 2 investors.

Where does OFX rank among its competitors?

OFX ranks 8th amongst 395 active competitors, of which 40 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was NALA, which secured $40M in Jul, 2024.

Who are the top competitors of OFX?

OFX's top competitors include Azimo, NALA and Euronet Worldwide. Among them, NALA secured the most recent funding round in July, 2024.

OFX - 2026 Company Profile, Team, Funding & Competitors

OFX is a public company based in Sydney (Australia), founded in 1998. It operates as an International money transfer service provider.. OFX has raised an undisclosed amount in funding from Accel and The Carlyle Group. The company has 395 active competitors, including 40 funded and 35 that have exited. Its top competitors include companies like Azimo, NALA and Euronet Worldwide.

Company Details

OFX, previously known as OzForex Group Limited, is a personal and business money transfer operator, leveraging banking networks to transfer money. OFX is also integrated with cloud accounting software providers Xero and Saasu, enabling users to pay foreign currency invoices at great rates in a simple and easy way. OFX is the trading name of OzForex Limited.

Website: www.ofx.com/en-us/
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Key Metrics

Founded Year

1998

Location

Sydney, Australia

Stage

Public

Latest Funding Round

PE, Nov 19, 2010, $*****

Investors

Accel & 1 more

Ranked

8^th among 395 active competitors

Investment & Acquisitions

Paytron & 3 more

Similar Companies

Azimo & 622 more

Exit Details

Public

View OFX's full profile

OFX got listed on Oct 11, 2013.

Click here to take a look at OFX's IPO in detail

OFX has raised funding over 1 round. Its latest funding round was a PE round on Nov 19, 2010 for $*****. 2 investors participated in its latest round. OFX has 2 institutional investors.

Here is the list of recent funding rounds of OFX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 19, 2010	9778066	PE	9330554	4847799	5045337	8795117

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Top competitors of OFX include Azimo, NALA and Euronet Worldwide. Here is the list of Top 10 competitors of OFX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Azimo 2012, London (United Kingdom), Acquired	Banking channel for cross-border money transfers	$68.8M	Rakuten Capital, Headline & 30 others	75/100
2nd	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.1M	Acrew Capital, Accel & 20 others	71/100
3rd	Euronet Worldwide 1994, Leawood (United States), Funding Raised	Electronic payments provider	-	Advent International, Innova Capital & 1 others	70/100
4th	BookMyForex 2011, Gurugram (India), Acquired	Online Money Exchange and Remittances	$5.59M	Faering Capital & 3 others	69/100
5th	WireBarley 2016, Seoul (South Korea), Series B	Online platform for cross-border money transfer	$16M	DT&Investment, Shinsegae & 7 others	69/100
6th	Moin 2016, Seoul (South Korea), Series A	Blockchain-based remittance service.	$2.42M	The Wells Investment, Honest Ventures & 6 others	67/100
7th	Global66 2018, Santiago (Chile), Series A	Cross-border money transfer platform	$16.2M	Quona, Venrex & 6 others	66/100
8th	OFX 1998, Sydney (Australia), Public	International money transfer service provider.	-	Accel, The Carlyle Group	66/100
9th	Pangea Money Transfer 2012, Chicago (United States), Acquired	Fast, secure, and affordable international money transfers you can trust	$20.4M	Chicago Ventures, Avocation Investments & 12 others	62/100
10th	ACE Money Transfer 2002, Manchester (United Kingdom), Seed	International Money Transfer Service Provider	$1.94M	-	62/100

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OFX has made 1 investments in companies including TreasurUp. OFX has also acquired 3 companies including Paytron and Firma.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 01, 2023	Acquisition	Paytron	2020	Sydney (Australia)
Dec 19, 2021	Acquisition	Firma	1998	Edmonton (Canada)
Jun 21, 2021	Investments	TreasurUp	2016	Utrecht (Netherlands)