Currency Exchange Startup CurrencyFair Raises $10M

image source: zartis

image source: zartis

Irish startup Currencyfair has raised a $10 million funding in series A round. The funding round was led by Octopus Investments, with participation from previous investor Frontline Ventures.

The company will use the additional capital to take advantage of the growing market for peer-to-peer currency transfer, and to expand the number of currency corridors it’s able to offer. CurrencyFair currently focuses on money transfers between the U.K., Europe and Asia-Pacific.

The Dublin based company was founded in 2009 and is considered as one of the fastest growing peer-to-peer foreign exchange marketplaces, according to Geektime.