ApideckTape
← Embedded Finance Index 2026

Fexco

Also a provider — view Fexco’s profile →

“Can an Irish family-owned FX pioneer stay relevant as the embedded FX and cross-border payments layer behind acquirers, processors and vertical software?”

Founded1981
HQKillorglin, Co. Kerry, Ireland
FoundersBrian McCarthy
Latest roundPE Growth
IndustryInfrastructure / Payments
The story

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.

Last 12 months
—
Product timeline
0
Expanded into Dynamic Currency Conversion for acquirers/merchants globally (70+ acquiring bank partners, 352k+ merchants)· banking
0
Launched Fexco International Payments cross-border API (165+ currencies, ~200 countries)· banking
1981
Founded by Brian McCarthy in Killorglin, Co. Kerry as a foreign exchange business· pivot
2016
Became SBCI partner for Irish SME asset finance· lending
Regulated entities
1
regulatory licence held by Fexco
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Fexco’s embedded-finance stack
Payments / PSP
Fexco DCC (self-operated)Fexco International Payments (self-operated)Fexco Payment Orchestration (self-operated)
Lending
in the full report
FX & payouts
in the full report
Treasury
in the full report
Accounting gap: minor
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.