Back-to-back record years for Smart Currency Exchange, a fintech business in West London

by James · April 3, 2023

LONDON, 3 April 2023 /PRNewswire/ — A fintech and proptech business based in West London has reported a record year with 125% overall business growth since 2020.

Within the last financial year, The smart group achieved its first quarter turnover of £5m, with a record 11,000 trade customers.

Smart Currency - Winners: Financial Company of the Year at the West London Business Awards 2023. (PRNewsfoto/Smart Currency Exchange) — Smart Currency – Winners: Financial Company of the Year at the West London Business Awards 2023. (PRNewsfoto/Smart Currency Exchange)

The Smart Group was established in 2004 and specializes in international payments and risk management, as well as fintech and international real estate.

Through its brands included Smart currency exchange, Your overseas home and Property guidesThe Smart Group spans the entire value chain of international payment industries.

Combined, the brands have delivered unprecedented growth over the past year, with the award-winning 110-strong team serving over 11,000 unique customers.

This has helped the business achieve its first ever £5m turnover quarter in 2021, leading to overall growth of 28%.

Now the business plans to build its customer base by a further 40% by 2023, as well as establish two new, standalone business units that will benefit from the infrastructure already in place: Smart Currency Fintech and The Luxury Collections.

Trevor Charnleycommented the CEO of Smart Currency Exchange: “The 2021/2022 financial year was one of significant progress for The Smart Group’s private client division – not only against pandemic levels, but also against pre-pandemic levels. It resulted in a record year for the division, with growth of 42% year-on-year.

“We expect further growth to be unlocked in the 2023 financial year as we continue to adapt our service to the needs of our customers. Our ‘Platinum 200’ project, for example, is an audacious aim to build our customer base by another 40 % in 2023. This will be underpinned by adding quality people to our growing sales and account management teams.”

For more information and to view The Smart Group’s annual report, please visit: https://www.smartcurrencyexchange.com/media/Smart-Group-Company-Results-21-22.pdf

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SOURCE Smart Currency Exchange