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Conotoxia

Can a Polish FX-exchange platform become a full-stack multi-currency financial services provider for European retail and business clients?

Founded2010
HQZielona Gora, Poland (operational); Limassol, Cyprus (holding)
IndustryFintech / Cross-border payments
The story

Founded in 2010 as Cinkciarz.pl, a Polish online currency exchange platform, the company evolved into a multi-product fintech holding group under the Conotoxia brand. It expanded from retail FX into international money transfers, multi-currency cards, an in-house payment gateway (Conotoxia Pay), multi-currency lending, and CFD/investment services regulated in Cyprus. The group now operates across the European Economic Area, using both its KNF-licensed Polish payment institution and CySEC-licensed Cypriot investment firm to serve retail, business, and institutional clients.

Last 12 months
Product timeline
2010
Founded as Cinkciarz.pl, offering online currency exchange for individual and business clients in Poland.· pivot
2014
Conotoxia Sp. z o.o. incorporated in Poland as the payments and money transfer entity.· banking
2015
Obtained Polish Financial Supervision Authority (KNF) payment institution license (No. IP30/2015); Conotoxia Holding Group incorporated in Cyprus.· banking
2018
Launched multi-currency payment cards enabling Google Pay, Fitbit and Garmin support.· card
2021
Launched multi-currency online lending service via subsidiary Currency Lending Sp. z o.o.· lending
2021
Launched Conotoxia Pay — in-house payment gateway enabling merchant payment acceptance online.· banking
Regulated entities
Payment Institution License
Poland (KNF) · 2015
Conotoxia Sp. z o.o.
Investment Firm / CFD Broker License
Cyprus (CySEC)
Conotoxia Ltd.
The stack
Payments / PSP
Conotoxia Pay (self-operated)
Lending
Multi-currency online loanTerm loan (up to 12 months)
FX & payouts
Conotoxia (self-operated)
Accounting gap: none