FAIRFX Group PLC FairFX Group plc Partners with VizEat

TIDMFFX

FAIRFX Group PLC

31 August 2016

FairFX Group plc Partners with VizEat

("FairFX" or "the Company")

FairFX, the FinTech low-cost currency provider, is excited to be partnering with VizEat, Europe's largest social dining network. The agreement follows a significant list of other recent complementary deals between FairFX and leading business and organisations.

With both companies focused on making sure their customers get more out of their holiday experience, the new partnership will benefit customers of both FairFX and VizEat. The agreement is designed to offer customers access to unique travel experiences while getting the best value for money when they are overseas. Aligning with FairFX's core values, VizEat customers can benefit from preferential exchange rates, FairFX prepaid currency card offers and travel money expertise.

Since being founded in 2014, VizEat has 90,000 members from more than 100 countries; the number of food experiences it offers has grown by 50% every month and its website is now available in English, French, Italian, Spanish and German.

The agreement offers customers a discount to enjoy an authentic culinary experience with local hosts, such as a shared meal, a food tour or a cooking class. The customer experience will also be improved through shared tips and advice for all aspects of their holiday.

Ian Strafford-Taylor, CEO of FairFX, said: "The new partnership will appeal to consumers who actively seek out authentic travel experiences and adds to our growing list of benefits offered to our customers. VizEat helps people to quickly weed out the tourist traps - the inauthentic, expensive restaurants invariably located in tourist hotspots. We're excited to give our customers access to unforgettable and authentic travel moments through this partnership while at the same time introducing new customers to the cost-saving benefits and convenience of a prepaid currency card."

VizEat co-founder Jean-Michel Petit said: "We are delighted to partner with FairFX. We believe that the dining table is the original social network and VizEat connects travellers with authentic culinary experiences. By working with FairFX we're able to offer more travellers the opportunity to make the most of their holidays by meeting and eating with locals, facilitating new friendships and creating lasting memories."

-ENDS-

 
 FairFX Group plc 
  Ian Strafford-Taylor, 
  CEO                      [phone] 
 Yellow Jersey PR 
  Charles Goodwin          [phone] 
  Aidan Stanley             [phone] 
 

About FairFX

FairFX is a leading international payment services provider, incorporated in the UK in 2005. The Company has developed a cloud-based peer-to-peer payments platform that enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.

FairFX operates within the rapidly growing online multi-currency payments market and provides transactional services to both personal and business customers through four channels being Currency Cards, Physical Currency, FairPay and Dealing. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the FairPay and Dealing products support wire transfer foreign exchange transactions direct to Bank Accounts.

For Corporates, FairFX has a market-leading business-expenses solution based around its corporate prepaid card allied to a platform allowing the Corporate to better control expenses and improve transparency whilst removing administrative burdens from staff.

In addition, FairFX has entered into a number of "white-label" arrangements for the use of its P2P matching platform. Customers include easyjet, ThinkMoney and Pitney Bowes. FairFX has also partnered with Concur Technologies, Inc. a leading provider of integrated travel and expense management solutions with over 25 million users globally. Such relationships provide strong support for FairFX's customer acquisition strategy.

www.fairfx.com

About VizEat

VizEat is the leading social dining platform in Europe which connects travellers and local hosts around an authentic culinary experience at their home. It is a unique way to exchange with people from all around the world and to discover new cultures around food. For more information, visit http://www.vizeat.com/

VizEat was founded in early 2014 in France and raised EUR1m in a seed funding round led by UK-based Eurovestech Plc; in February 2015 it acquired Paris-based pioneer Cookening, effectively becoming the European leader in the growing culinary experience sharing space. Today VizEat has 90,000 members from more than 100 countries; the number of food experiences it offers has grown by 50% every month and its website is now available in English, French, Italian, Spanish and German.

A mobile app for VizEat is available now for download for iOS.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

August 31, 2016 02:01 ET (06:01 GMT)