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Ethical FX for
Charities

Repurposing financial technology to turn normal business costs into unrestricted funding

A finance partner built for impact

Making international payments as a charity is becoming harder and harder. We exist to keep those lifelines to the frontline open. 

 

We can help you directly with your own FX requirements, so that less of your own money is lost to the system. 

 

But we can also help you indirectly, through the for-profit companies that support you. If these companies use GoodFX for their own FX trades, they can nominate you as the beneficiary of the money we redistribute.

Imagine if all of your corporate partners were onboard, exchanging currency throughout the year to go about their business, and creating a steady stream of additional donations for your charity.

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A finance partner built for impact

We’re on a mission to redistribute the profits of banking to bridge the funding gap for charities. 

 

Our clients nominate whichever charity they like. This creates a free way for corporate partners to sponsor your work. And for INGOs it also creates a cash rebate on your banking fees, turning into unrestricted funding. 

 

We also provide general financial guidance for charities and impact funds.

 

We’re a sounding board for any payment, hedging, or cash disbursement challenges you have, supporting organisations such as Relief International, Save The Children Global Ventures, and the Nithio Impact Fund.

Join these charities currently benefiting from a share of FX profits

Beam Foundation Standing on Giants

Standing on Giants has already enabled thousands of pounds to be donated to the Beam foundation, at no cost to either party.

Read the case study here.

 

Encourage your corporate supporters to get in touch today for a free FX Audit on their existing rates to see how much they could save, and how much you could receive.

The fine details

We’ve partnered with GoodStack to support our international donations round the world. As requirements differ for each country, please see this page for full requirements by country.

GoodFX captures the flow of global payments to fund good causes, with a third of the trading profit we receive from your transaction used to fund a charity of your choice, creating on-the-ground impact for local communities.

 

Our trading profit (or net profit) is calculated as the gross profit we make on the transaction, minus any platform, payment, financing or exceptional transaction fees.

 

After these deductions, the donation represents roughly 23% of our gross profit, but this may vary with those charges.  

Our donations to your preferred charity are enabled by Percent via the Intelligent Foundation (UK Registered Charity Number 1192508; Australian Charities and Not-for-profits Commission, ABN 48156978613). Non-profits should enroll with Percent to receive donations we collect to benefit them. Non-profits signed-up to receive these payments typically receive their money within 90 days of the original donation but payments may be batched together to a minimum threshold of £50. In rare instances where funds cannot be granted to the donor’s recommended cause – such as when the cause fails to meet the due diligence requirements, closes down their operation or does not onboard to receive funds– then we reserve the right to reassign funds to another non-profit.

GoodFX’s default option is to support the Childhood Trust (Registered Charity Number: 1154032) which counters childhood poverty in London, England. For further detail on Percent’s donation policies please refer to their Terms and Conditions.

Safeguarding Notice:

When funds are posted to your account, in line with regulatory requirements, the regulated institutions who we work with safeguard your funds. This means that the funds shown in your payment account or e-wallet are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner institutions’, or our, insolvency. Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.

 

Partner Providers:

GoodFX partners with the seven FCA-regulated entities listed below. 

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). Terms of Use are available here.

GoodFX’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. GoodFX is partnered with Ebury Partners UK Limited as a Programme Manager. Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Financial Services Register No. 900797). Ebury Partners UK Limited is registered with the Information Commissioner's Office, with registration number: ZA345828

ALT 21 Limited, a company incorporated in England and Wales (No.10723112) with its registered office at 45 Eagle Street, London WC1R 4FS, United Kingdom, is authorised and regulated by the Financial Conduct Authority of the United Kingdom (FRN:783837). ALT 21 Software Limited, the parent company, is incorporated in Ireland (No. 578153) with its registered office at Century House, Harold's Cross Rd, Dublin, D6W P993, Ireland. 

Payment services for GoodFX Ltd are also provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951.

Equals Money Plc. Registered Address: 3rd Floor, Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Company registered in England and Wales. Registered number: 05539698. Money Service Business Registered Number: 12236741.


Interpay UK Ltd t/a TransferMate – Authorised as an Electronic Money Institution by the UK Financial Conduct Authority under registration no. 900930.

Commercial financing solutions are offered by Spark Finance Limited, which acts as a broker rather than a lender. The company's registered office is located at 18 John Stow House, London, England, EC3A 7JB, with a company registration number of 10128297. Spark Finance Limited is authorised and regulated by the Financial Conduct Authority (FRN 958123).

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.  

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