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CurrencyFair vs Revolut
June 09, 2023 | Author: Sandeep Sharma
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CurrencyFair - cheap, fast and secure international bank transfers. Send funds to our client account using a free and quick local transfer. Avoid costly foreign exchange fees when sending money abroad - 90% cheaper than banks
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Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.
See also:
Top 10 Online Payment platforms
Top 10 Online Payment platforms
CurrencyFair and Revolut are both popular digital currency exchange platforms, but they have distinct features and focuses. CurrencyFair is primarily focused on international money transfers and offers competitive exchange rates and low fees. It provides a peer-to-peer marketplace where users can match their currency exchange needs with others, resulting in potentially lower costs compared to traditional banks. CurrencyFair also supports multiple currencies and offers features like scheduled transfers and rate alerts. Revolut, on the other hand, offers a broader range of financial services beyond currency exchange. It provides a multi-currency account, a prepaid debit card, and various banking features. Revolut emphasizes its user-friendly app, instant money transfers, and additional features like budgeting tools, cryptocurrency exchange, and stock trading.
See also: Top 10 Online Payment platforms
See also: Top 10 Online Payment platforms
CurrencyFair vs Revolut in our news:
2015. Money transfer service CurrencyFair raised €10 Million
Dublin-based startup CurrencyFair, specializing in money transfer and currency exchange, has secured an additional €10 million in funding. The company intends to utilize the extra capital to capitalize on the growing market demand for peer-to-peer currency transfer. With the emergence of numerous startups leveraging technology and reduced margins to provide alternatives to traditional banks and legacy foreign exchange (FX) companies like Western Union, CurrencyFair aims to expand its offerings to encompass a greater number of currency corridors. Currently, CurrencyFair focuses on facilitating money transfers between the United Kingdom, Europe, and the Asia-Pacific region. Notably, TransferWise, CurrencyFair's primary competitor, has also recently raised $58 million in additional funding.
