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Our bank of impact

Our goal is to bring joy to both those in need, and Chief Financial Officers alike.

Impact is at the heart of what we do...
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Robert Hayward
CEO, GoodFX

What’s our purpose?

GoodFX was founded in 2020 on the premise that financial technology is now developed enough to support a new form of economics.


If an ethical, transparent organisation can offer high levels of customer service, independent expertise, and positive business outcomes for its clients, but also use its profits to fund the impact its clients want to see in the world, then everyone can win.


This is our vision and is why we proudly became a B Corp company.

How we became a B Corp

When we set up GoodFX we knew we wanted our ‘purpose’ to be the very reason for the company’s existence, rather than an exercise in charity-washing.

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We are a ‘Designed to Give’  B Corp and our donations are audited by a 3rd party examiner.

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We want to walk the walk wherever we can. There is too much talking and not enough change. For us, being a B Corp means we are constantly examining ourselves to see where we can do better, and then putting it into action.

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Yes, the B Corp movement attracts its critics, but there are few organisations that can integrate something as big and broad as ‘repurposing banking for good’ in a well articulated framework, with a viable pathway to change.

How do we rank?

Our latest B Corp score is below, and the full report is available on the B Corp website.

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Addressing the gaps

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In 2023 the global payments industry managed 4 trillion transactions, representing a value of $1.8 quadrillion, and generated a revenue pool of $2.4 trillion.

 

Yet emerging-market and developing economies will need an estimated $2.4 trillion annually by 2030 for climate and nature-related investments.

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Charities around the world are facing a severe funding crisis. In the UK alone central government funding decreased by 33% from 2022 to 2023, while also individual donations have fallen by 14% in recent years.

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Meanwhile nearly 72.1 million people remain displaced within their own countries.

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Everybody wants to do more to help but frankly we all have jobs to do and shareholders to please. We cutting through that conundrum with financial and technological expertise.

Making a difference now

Waiting for reform of financial architecture and systems takes too long.

 

In the meantime, your organisation is letting money float off every day, sometimes to businesses who don’t align with your ethics at all.

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Our goal is to reduce and redistribute your normal business costs to fund the environmental or social projects of your choosing. To create localised impact for communities that support your operations, and address the above crises.

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Our clients also help support our work delivering career education programmes to refugees. With a particular focus on female inclusion, these have been running in Kenya and we have plans to extend to the Middle East, Europe and South America.

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. 

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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

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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. 

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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.

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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.

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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).

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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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