AFEX and the Money Clould partnership

AFEX and FXD Capital partner to offer end-to-end FX and cash management solution


London, UK – September 2, 2019 — AFEX, a leading global payment and FX risk management solutions provider, today announced its strategic partnership with FXD Capital, the founder-run money broker and deposit specialist. 

This partnership enables both businesses to offer a consolidated and all-encompassing solution across FX and Cash Management. Having a holistic approach helps clients make better informed decisions and ultimately manage their treasury more effectively.

“We are thrilled to partner with FXD Capital and to offer their cash management solution in conjunction with our FX offering," said Wayne Mitchell, General Manager EMEA at AFEX. “FXD Capital’s expertise and experience will help our clients boost liquidity, reduce counterparty risk and achieve better returns. These factors are important to consider, especially in today’s volatile market. As specialist firms with complementary remits, we offer clients objectivity and perspective, and seamless, proactive solutions.” 

In the current climate of low interest rates and economic and political uncertainty, key challenges for treasurers and finance directors are clear. It’s not just currency markets that can be volatile. Businesses need to constantly asses interest rate and counterparty risks. Independent of the banks, FXD Capital provide a proactive and impartial service, offering Term Deposits, Notice Accounts and Money Market Funds from a diverse range of banks.  

“We are delighted to announce our partnership with AFEX,” said Bobby Jackson, Managing Director and Co-Founder of FXD Capital. “AFEX is one of the largest global payment and FX risk management specialists, and a pioneer in the industry. What we are offering is totally unique and we look forward to working closely with the team to provide clients with a comprehensive cash management solution.” 

Businesses have amassed a record amount of cash. After a decade of ultra-low interest rates, the consolidated offering from FXD Capital and AFEX is designed to improve clients’ visibility into their cash management and FX strategies to help them make more informed decisions.


About AFEX

Established in 1979, AFEX is a leading global payment and risk management solutions provider specialising in cross-border transactions and providing market expertise and unrivalled customer service for businesses and private clients. With a client base of over 35,000 customers worldwide, AFEX prides itself on tailoring its payment and foreign exchange services to meet its clients’ needs. AFEX’s online payment platform, AFEXDirect, provides clients with one consolidated overview of their currency exposure and makes it easy for companies to manage international invoices. AFEX maintains offices across the Americas, EMEA and Asia Pacific. To find out more, please visit www.afex.com.


About FXD Capital

FXD Capital is a London based money broker and deposit specialist that was founded in 2018 by Chris Huddleston and Bobby Jackson, having spent almost a decade working at one of the UK’s leading specialist banks. FXD works with corporates, institutions, government agencies and not-for-profit organisations, helping clients to reduce counterparty risk, enhance liquidity and maximise yield. Bridging the gap between depositor and bank, FXD offer term deposits, notice accounts and money market funds from a diverse range of banks and asset managers. To find out more, please visit www.fxdcapital.com.

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