Equals Group Plc (LON:EQLS)

Founded in 2007, Equals Group Plc is a UK-based leading payment company that provides SMEs a range of payment products across FX transactions, faster payments, prepaid card solutions and accounts into which receipts can be credited and payments made. It aims to make it easy, low-cost, and effective payment domestically and in a broad range of currencies, across a range of products for its personal and business customers. The company has expanded itself organically and through strategic acquisitions of businesses such as Casco Financial Services Limited, Hermex International Limited, City Forex Limited, Spectrum Financial Group Limited, and Q-Money Limited. Since 2014, the company’s shares have been traded on the London Stock Exchange as LON: EQLS.

The company offers its products and services through three brands that include Equals Money, FairFX and CardOneMoney. These brands offer a variety of products across B2B and B2C markets. Equal Money offers B2B products that include international payments, Expense management, faster payments, and Broker platform (B2B2B), it helps over 15,000 companies such as Comic Relief, HBO, Toyota, Harrods, Chelsea Football club and Barchester.  

Its international payment services offer payment across over 140 currencies, Expense management helps clients to save time and its card can be used in over 190 countries. Its faster payment services offer real-time settlement, complete control, Automated processing, Secure payments, Expert account manager and compliant and connected. Its broker platform provides clients with easy, economical way to make international payment without the need of MSB license, in-house compliance team or bank account.  

FairFX makes it easy and cheaper for clients to manage and move money across the world, it offers B2C products that include multi-currency card, international payments and travel money. The multicurrency card includes currency card and linked money card.

The CardOneMoney offers B2B product, Business current accounts and Current accounts. Its business account offers bill payment services, UK call centre, direct debits with enhanced security, online account access and much more. Its current account offers SMS services, automated telephone services, online account, free text alerts, faster payments to pay bill and much more.