- Business
- OFX Group Limited (OZFRY) is an Australia-based provider of international payments, foreign exchange services, and financial platforms serving businesses, consumers, online sellers, and enterprise clients across the Asia Pacific, North America, Europe, the Middle East, and Africa. Founded in 1998 and headquartered at Level 19, 60 Margaret Street, Sydney, the company offers core products and services including bank-to-bank currency transfers via its online platform, app, and phone support; Global Currency Accounts supporting 30+ currencies and local account details in key markets such as USD, CAD, EUR, and GBP; corporate cards with spend controls, real-time tracking, 5% introductory cashback, and direct payments from currency balances; spend management tools with AI-driven automation for budgets, approvals, and expense submissions; accounts payable automation featuring OCR invoice capture and bill payments; FX hedging solutions like Forward Contracts and Limit Orders; and integrations with accounting software such as Xero and QuickBooks, enabling payments to 170+ countries. OFX operates through offices in Sydney, London, Dublin, Auckland, Hong Kong, Singapore, Toronto, and San Francisco, with over 700 employees and regulation by more than 50 authorities worldwide including ASIC, FCA, and FinCEN. Recent developments include the 2022 completion of a C$90 million acquisition of Canada-based Firma Foreign Exchange Corporation, adding 9,600 corporate clients and boosting corporate segment revenue by 93%; expansion into Germany in 2024 to strengthen European operations; partnerships in 2024 with Technosis for a multi-currency payment solution, ATP for enhanced financial services, and sports entities such as Heart of Midlothian Football Club, PCA, and Legends Tour; the launch of a global digital Forward product in 2025 transforming accounts payable; and a renewed sponsorship with United Rugby Championship plus a partnership with Burnley FC in 2025.