“Can a 25-year-old FCA-regulated FX and travel money business become the embedded payments infrastructure layer for UK and European SaaS platforms?”
Founded in 2001 as CaxtonFX, a consumer-focused foreign exchange and travel money business regulated by the FCA. Over two decades evolved from retail FX/travel cards into a multi-product SMB payments platform offering international transfers, multi-currency accounts, virtual cards, and expense management. The most significant strategic shift came with the launch of the CXTN API platform and 'Plug and Pay' proposition, repositioning Caxton as an embedded finance infrastructure provider — effectively offering its payment rails, FX engine, card issuance, and ledger as a white-label service for SaaS companies and enterprise clients.