FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Forex Startup KlickEx to Launch in India

Philip RyanbyPhilip Ryan
February 2, 2015
in Banking, Payments, Risk & Security
Reading Time: 2 mins read
0
Share on Facebook

© Can Stock Photo Inc. / prudekKlickEx is headed to one of the world’s largest markets.

The currency exchange service KlickEx, which won SWIFT’s Innotribe Startup Challenge in Sept. 2013, has increased its market penetration in the South Pacific, and is looking to enter a number of major new markets in 2015, said UK-based CEO Robert Bell.

Bell, who sat the Founders panel at FinAi News 2014, told FinAi News that he hopes to launch in India and the subcontinent soon. This is an area with a population well north of 1 billion people, so it is a massive potential market for KlickEx’s service.

The company specializes in making the movement of money between banks fast, cheap, and easy. KlickEx is able to plug into the fastest data pipe a bank may have to allow for the fastest flow of funds.

“Africa and Latin America,” Bell said, “are soon behind” the subcontinent. This movement will bring KlickEx into competition with M-Pesa, the mobile phone-based money movement service from Safaricom that first launched in Kenya in 2007.

Times are good for money movement companies. PeerTransfer and Transferwise have both raised large amounts of money based on massive valuations — the former raised $22 million in January, while the latter received a $1 billion (“unicorn”) valuation around the same time. KlickEx has about $1.3 million in funding so far, and looks to follow down the same path.

“It’s pretty exciting times,” Bell said.

Tags: Capital & Fundingcurrency exchangeforexKlickExmoney movementpeerTransferstartupsTransferWise
Previous Post

Intuit in Marketing Deal with LendingClub for TurboTax

Next Post

Change the Bank by Importing StartUp Culture

Related Posts

A Huntington Bank branch in Troy, Michigan, US, on Thursday, April 13, 2023. Huntington Bancshares Inc. is scheduled to release earnings figures on April 20. Photographer: Emily Elconin/Bloomberg
Banking

Huntington Bank’s 1866 Studio agents help entrepreneurs incorporate businesses

October 19, 2026
bank
Banking

Santander taps Nvidia AI to cut costs, improve performance

October 19, 2026
(Photo/Can Stock)
Risk & Security

Thoma Bravo expects rogue agents to persist as AI buildout grows

October 19, 2026
Next Post

Change the Bank by Importing StartUp Culture

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

The Next Generation of Cyberthreats: Powered by AI

October 1, 2026

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account