Author: Tessa Oakley
Currenex is making top-level management changes at a time when rumours abound of imminent consolidation in online foreign exchange ventures. The appointment of a new chief financial officer at Currenex also comes amid word that the platform faces financing trouble.
Currenex is said to be finding it difficult to secure funding and to be seeking capital from new shareholders. Lori Mirek, president and CEO of Currenex, denies this. "We're continuously being approached by really exceptional investors but we haven't taken any [new] capital because we haven't needed any," she says. "The greatest financial security is a business plan and a model that works. We're on the path to achieving profitability very quickly."
One reason for speculation over the future of Currenex is the expectation that FXall and Atriax are set to put the forex market out of its misery and merge. Not only will this solve the...
