Travelex

Travelex Founder Buys London Office Space, Expressing Optimism In Market
Travelex Founder Buys London Office Space, Expressing Optimism In Market
July 12, 2020  |  Real Estate

Travelex founder Lloyd Dorfman, in a show of confidence in the U.K. capital’s office market, has bought an office in London, Bloomberg reports. Dorfman spent...

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Travelex Ditches Sale After Banks Reject Offers
Travelex Ditches Sale After Banks Reject Offers
June 16, 2020  |  Partnerships / Acquisitions

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the...

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London’s Finablr Finds $1B In Debt Charged To Company
London’s Finablr Finds $1B In Debt Charged To Company
May 01, 2020  |  Security & Fraud

Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed sister company NMC...

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Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring
Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t...
April 23, 2020  |  News

In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small-...

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Hobbled By Hackers And COVID-19, Travelex Goes Up For Sale
Hobbled By Hackers And COVID-19, Travelex Goes Up For Sale
April 22, 2020  |  Business

Travelex, the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As part of its continuing assessment of strategic options to...

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Travelex Reportedly Paid $2.3M Ransom To Hackers
Travelex Reportedly Paid $2.3M Ransom To Hackers
April 09, 2020  |  Security & Fraud

Travelex, the foreign exchange company that was crippled by hackers on New Year’s Eve, reportedly paid a $2.3 million ransom to get their systems back...

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Travelex Temporarily Closes British FX Offices
Travelex Temporarily Closes British FX Offices
March 27, 2020  |  Coronavirus

Amid fears over COVID-19, Travelex is closing down British bureaus for approximately eight weeks or a greater amount of time. The foreign exchange firm is...

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Travelex Parent Finablr On Verge Of Collapse
Travelex Parent Finablr On Verge Of Collapse
March 16, 2020  |  Security & Fraud

Payments company Finablr has said that it could be in danger of collapsing, and the Financial Conduct Authority (FCA) has frozen its trading, according to...

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Finablr Exploring Options After NMC Health Link Tanks Stock
Finablr Exploring Options After NMC Health Link Tanks Stock
March 05, 2020  |  Markets

Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health...

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