OzForex, our partner at FXstreet's Global Transfer Service, today announced a growth investment from Accel Partners and The Carlyle Group.
The funds will fuel OzForex's continued leadership as an online facilitator of foreign exchange transfers through accelerated expansion into the United States, Europe and Asia, and additional focus on M&A to add complementary products and service offerings.
Matthew Gilmour, Gary Lord and Macquarie Private Wealth, which is part of Macquarie Group Limited, will retain significant ownership of OzForex going forward, and Neil Helm will continue as CEO. The self-funded company has been profitable since inception and has grown at a compounded annual rate of more than 40 per cent.
OZFOREX RECEIVES GROWTH INVESTMENT FROM ACCEL PARTNERS AND THE CARLYLE GROUP
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