Merger prospects fuel rumour mill

Online Foreign Exchange

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.

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