Business News

FEXCO expands in the UK

By Business & Finance
06 February 2014

FEXCO, the multinational finance and business solutions provider, which employs more than 1,300 people in Ireland, has today announced a major network expansion of No.1 Currency, its UK-based retail foreign exchange operation, with 20 new high street retail outlets and 80 new jobs being created in 2014.

FEXCO’s foreign exchange services in the UK are set to increase from an existing 17 outlets to 37 by the end of 2014, employing a total number of 192 people across the country.

Commenting on the announcement, FEXCO’s director of Foreign Exchange Services, Joe Redmond, said: “We are delighted with the growth and performance of No.1 Currency since FEXCO acquired the business in 2012. With today’s announcement of a major expansion of our retail network in the UK, we are reinforcing FEXCO’s commitment to growing market share.”

He added: “An innovative new service launched recently by No.1 Currency, called Click & Collect – where a customer simply orders their currency online and collects it from their nearest No.1 Currency outlet, or at one of over 160 agents across the UK, has been a huge success and we are looking forward to expanding this service to our new retail outlets in the UK, which will offer the widest range of currencies available with no commission charged for all online transactions.”

FEXCO enables customers and organisations to unlock their potential in financial transaction services and business solutions. For 33 years, FEXCO has been driven by an entrepreneurial and innovative spirit, which has brought the company to new regions and industries of growth.