Started in 2005 by Rajesh Agrawal and Paresh Davdra with just a laptop and £4000 in pocket, City-based RationalFX has now passed the milestone of making £1 billion in international money transfers and cross currency payments.

 

Started in 2005 by Rajesh Agrawal and Paresh Davdra with just a laptop and £4000 in pocket, City-based RationalFX has now passed the milestone of making £1 billion in international money transfers and cross currency payments.

“We have always simply focused on providing the best service and market leading exchange rates to our customers – but sitting in our first office that was no bigger than a cupboard I didn’t really imagine that so soon we would be handling a billion pounds!” said Rajesh Agrawal, CEO.

“I attribute this success to our experienced team who have worked tirelessly and to the fast  growing customer base” he continues.

Authorized by the FSA, presently RationalFX mostly serves UK based individuals and businesses, but recent changes in regulations have opened doors to the whole of the European Union.  RationalFX was quick to move and opened an office in France.

With continuing growth in business, RationalFX are harnessing technology to make the business  more efficient and scalable. They recently joined SWIFT, the global platform used by banks worldwide for messaging, which puts them in a different league to most other money transfer companies.

Rajesh does not want to sit on his laurels, and plans for the future at RationalFX are even more challenging.  “We’re now working very hard towards our goals for the Online markets in the UK and around the world.  We see opportunities everywhere we look.  As  long as we stay flexible and responsive to new payment technologies and changing pattens in global money transfer, I’m comfortable we will pass £2 bn and even £10bn one day!”