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P2P currency exchange marketplace CurrencyFair raises $8.8 million

Dublin based peer-to-peer currency exchange marketplace CurrencyFair has raised $9 million in venture funding led by Octopus Ventures and Frontline Ventures.

The company had raised roughly $25 million before this round, including a $9 million raise just six months ago, and alongside this latest funding initiative the company is also announcing three key new hires. Coming in as new CEO is Paul Byrne, who has served as CEO for three different software companies over the past 15 years, selling two of them in the process. Joining Byrne at CurrencyFair is new CFO Ruth Fletcher and chief product officer Sylvie McDermott, with founder and former CEO Brett Meyers stepping into a new chief strategy officer position.

Tags

peer-to-peer, currency, remittance