“Can an Irish family-owned FX pioneer stay relevant as the embedded FX and cross-border payments layer behind acquirers, processors and vertical software?”
Fexco started in 1981 as an Irish retail FX bureau and evolved into a diversified payments & FX infrastructure group. Its two core franchises today are (1) Dynamic Currency Conversion for acquiring banks and merchants globally and (2) Fexco International Payments, a cross-border payables API embedded by processors, ERPs and software platforms. A separate Irish Asset Finance arm provides hire purchase, leasing and SBCI-backed loans to SMEs.
Fexco processes payments through Fexco DCC (self-operated), Fexco International Payments (self-operated) and Fexco Payment Orchestration (self-operated).
Fexco's lending and capital products are provided by Fexco Asset Finance (in-house) and Strategic Banking Corporation of Ireland (SBCI).
Fexco uses Fexco International Payments (self-operated) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Fexco's stack: Payments / PSP (Fexco DCC (self-operated), Fexco International Payments (self-operated) and Fexco Payment Orchestration (self-operated)); Lending (Fexco Asset Finance (in-house), Strategic Banking Corporation of Ireland (SBCI), Hire Purchase, Leasing and 1 other); FX & payouts (Fexco International Payments (self-operated)); Treasury (Fexco Protect (self-operated)).
Fexco was founded by Brian McCarthy and is founded in 1981, headquartered in Killorglin, Co. Kerry, Ireland.
Get a read on where your own stack stands against Fexco and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.