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 6th amongst 319 active competitors, of which 35 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was NALA, which secured $25M in May, 2026.

Who are the top competitors of OFX?

OFX's top competitors include NALA, WorldRemit and WireBarley. Among them, NALA secured the most recent funding round in May, 2026.

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 319 active competitors, including 35 funded and 22 that have exited. Its top competitors include companies like NALA, WorldRemit and WireBarley.

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

6^th among 319 active competitors

Investment & Acquisitions

Paytron & 3 more

Similar Companies

NALA & 545 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	2346889	PE	8610326	4647123	9892436	6693692

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Top competitors of OFX include NALA, WorldRemit and WireBarley. 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	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.2M	Amplo, Accel & 21 others	73/100
2nd	WorldRemit 2010, London (United Kingdom), Series D	Digital money transfer service sending funds quickly across borders	$365M	TCV, Accel & 47 others	72/100
3rd	WireBarley 2016, Seoul (South Korea), Series B	Online platform for cross-border money transfer	$16M	DT&Investment, Shinsegae & 7 others	70/100
4th	BookMyForex 2011, Gurugram (India), Acquired	Online Money Exchange and Remittances	$5.59M	Faering Capital & 3 others	69/100
5th	Moin 2016, Seoul (South Korea), Series A	Blockchain-based remittance service.	$2.42M	The Wells Investment, Honest Ventures & 7 others	67/100
6th	OFX 1998, Sydney (Australia), Public	International money transfer service provider.	-	Accel, The Carlyle Group	65/100
7th	Viamericas 1999, Bethesda (United States), Series B	Remittance service in Latin America.	$18.6M	IFC, Global Brain & 4 others	63/100
8th	Aspora 2022, London (United Kingdom), Series B	Provider of digital platforms for international electronic money transfer services	$95.5M	Hummingbird Ventures, Sequoia Capital & 10 others	63/100
9th	Azimo 2012, Amsterdam (Netherlands), Acquired	Banking channel for cross-border money transfers	$68.8M	Rakuten Capital, Greycroft & 30 others	60/100
10th	Pangea Money Transfer 2012, Chicago (United States), Acquired	Fast, secure, and affordable international money transfers you can trust	$20.4M	OCA Ventures, IGNIA & 12 others	59/100

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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)