Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough.
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22 Facts About Travelex
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Travelex operates more than 1,100 stores and 900 ATMs in over 20 countries.
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3.
Travelex was founded as Express Exchange by Dorfman and opened its first branch in central London in 1976.
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4.
Travelex expanded throughout the US and into the APAC region in the 1990s.
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Travelex undertook a series of investments, acquisitions and takeovers during this period, including a takeover of Abbey National's retail forex operation, receiving investment from 3i and the acquisition of Transpay.
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6.
Travelex launched their first stores in the Indian, Chinese and Middle Eastern markets, undertook further acquisitions and launched a new brand identity during the 2000s.
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7.
In 2011 Travelex sold its prepaid card programme management business to MasterCard and its international payments business to Western Union for a combined £900m.
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In 2011 Travelex purchased Grupo Confidence, Brazil's largest independent foreign exchange business.
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9.
In October 2019 Travelex announced the launch of a US-based international payments system in partnership with Finablr and Samsung Pay.
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10.
Later that year Travelex fell into administration, before it was taken over by its debt holders.
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11.
On 31 December 2019, Travelex took its UK and international websites and mobile apps offline following a reported cyber incident an action that affected a number of large corporate third parties to whom Travelex provided a white-labelled travel money service including the online travel money services of supermarket chains such as ASDA, Tesco and Sainsbury's.
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12.
On 26 May 2020, Travelex announced a wave of redundancies citing the COVID-19 pandemic.
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13.
On 15 June 2020, Travelex announced that it had terminated its attempt to sell itself, the action having been originally announced by the business on 13 May 2020.
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14.
On 30 June 2020, on the day they had been due, Travelex announced that it would be delaying the publication of its FY 2019 accounts.
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15.
On 1 July 2020, Travelex ceased its international money transfer services in the UK and abroad, which had formerly been branded 'Travelex Wire'.
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16.
In January 2022 Travelex announced it had launched a full range of services at London Stansted.
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17.
In June 2022 Travelex announced the creation of more than 1,200 new jobs worldwide, including 1,000 jobs in the UK, 100 across Australia and New Zealand, 60 in Europe and 50 across Asia.
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18.
Travelex stated it had created and filled 150 new jobs in Brazil and 180 new jobs across the Middle East in the six months prior.
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19.
Travelex operates a wide range of foreign currency-based services, including:.
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20.
Travelex sponsored the National Theatre's discounted ticket scheme between 2003 and 2018.
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