OFX (company)

OFX Limited
FormerlyOzForex
Company typePublic
ASX: OFX
IndustryFinancial services
Founded1998
HeadquartersSydney, Australia
Key people
Steven Sargent (Chairman), John Malcolm – (Managing Director)
ServicesForeign exchange
Increase A$147 million (2022)[1]
Number of employees
250
Websitewww.ofx.com

OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney. The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.[2][3][4][5][6][7]

OzForex was founded by Matthew Gilmour in 1998 while working as the head of foreign exchange at Bankers Trust.[8] Controlling interest in the company was sold to Macquarie Group in 2007 and partial interest to other investors in 2010.

  1. ^ "OFX 1H23 Financial Results Investor Presentation". 8 November 2022.
  2. ^ "How do I make international transfers?". Macquarie Group. Retrieved 12 June 2022.
  3. ^ "OFX partners with Link Market Services for cross-border transactions". Business News. 18 September 2019. Retrieved 12 June 2022.
  4. ^ Bencic, Emily (28 October 2021). "OFX teams up with WiseTech Global". retailbiz. Retrieved 12 June 2022.
  5. ^ "OFX and Storfund Announce Work Alliance to Support Marketplace Retailers". PRWeb. Retrieved 12 June 2022.
  6. ^ "AVASK OFX partnership". AVASK Accounting & Business Consultants. Retrieved 12 June 2022.
  7. ^ Office, Australian Taxation. "Other payment options". Australian Taxation Office. Retrieved 12 June 2022.
  8. ^ Client trust the key Australian Financial Review 25–28 January 2007]