Expression of Interest


Technology-driven global payments. Move money in a Flash.

  • Type: Retail

International payments platform for all your payment needs. Access unrivalled speed, efficiency and peace of mind.


Register your interest for this equity crowdfunding offer to be the first to know when it goes live!

    FlashFX Overview

    FlashFX has developed a technology-driven platform for domestic and global payments that in part capitalises on blockchain technology to make transfers cheaper, faster and more secure. The platform is live and generating revenue, with an impressive pipeline of customers.

    Frustrated with the lack of innovation and inefficient use of global payment technologies across Australian banking and financial institutions, Nicolas Steiger (ex-UBS and Westpac) set out to create an alternative payments platform, underpinned by blockchain technology, that improved upon the shortcomings of the traditional cross-border payments model. To address the high cost, lack of transparency and slow fund delivery speeds., Nicolas founded FlashFX in 2016.

    As its core, FlashFX leverages a variety of digital payment technologies, both domestically and internationally. One example is Ripple’s On-Demand Liquidity blockchain solution, which utilises Ripple’s digital asset (XRP) to improve and speed-up the payment flow. The FlashFX platform is inherently blockchain agnostic and enables enterprise and consumer clients to streamline their foreign exchange transfers by centralising the process and cutting out the corresponding banks (thus saving on extra costs).

    FlashFX generates revenues via two core streams: (1) B2B channels and (2) B2C channels. B2B generally refers to FlashFX facilitating FX transfers for bank and non-bank financial institutions via API’s or RippleNet, while B2C refers to FlashFX making transfers for consumer and business clients directly via their website and technology. B2B has become the primary focus for the Company. With the core technology/IP and infrastructure now built, tested and proven, FlashFX is ready to scale to meet the significant B2B demand it is experiencing at the moment.

    The Australian domestic FX remittance market recorded a total transaction volume of AU $50bn and is expected to grow over the coming years as the trends of international migration and online retail continue. With their superior infrastructure, FlashFX is primed to capture a greater share of the market by offering their significantly cheaper, faster and more secure technology to a wide range of clients.


    FlashFX is a cloud-native international payments platform, designed from the outset to be efficient and automated, where possible. Most of the processes are automated and built in-house, such as KYC verification, AML, PEP and sanctions monitoring, ongoing transaction monitoring, regulatory reporting as well as numerous online, fraud detection methods, biometric user validation and much more.

    FlashFX is an early adopter of Ripple blockchain technology, using its power to revolutionise the Australian international payments market. Benefits include faster, safer, cheaper and more efficient transactions. 

    With access to RippleNet and the On-Demand Liquidity solution from Ripple, FlashFX is connected to 350+ financial institutions worldwide, offering a payment gateway in and out of Australia, coupled with an unique local banking solution and infrastructure, offering an efficient and where possible real-time collection and distribution method.

    Investment Highlights

    1. Disrupting the International Money Transfer Market

      The Business has been developed to alleviate the challenges experienced by users of traditional and correspondent banking services, cross-border and global payments solutions, both institutional and retail, going a step further beyond the current fintech offerings. FlashFX’s technology vastly outperforms existing infrastructure on efficiency, cost, speed and security.

    2. First Mover Advantage with High Barriers to Entry

      First-mover technological advantage complemented by licenses to operate in Australia, with a view to access additional markets in Asia and Europe. To date, $3.2m has been invested in the platform with most systems, infrastructure and processes, as well as IP, built in-house thus creating significant technological, regulatory and capital-based barriers to entry.

    3. Currently Operating and Ready to Scale

      FlashFX’s platform has been operating for over 3 years and has cumulatively generated $1.8m in revenues, with over 3,920 B2C accounts and 41 enterprise clients. The business has spent this time perfecting its technology and business model and is now ready for mass adaptation. With the product 99%+ automated, it is incredibly scalable, supporting rapid expansion.

    4. Increasingly Preferred Partner for B2B FX

      FlashFX enables its B2B clients to transact in various currencies into and out of Australia at very competitive transaction rates and settlement times compared to banks / other financial institutions. Transactions can be executed and settled in minutes.  Partners overseas to date include Thunes, Wallter UAB, MoneyMatch, iPayRemit, Al Fardan, TML Malaysia and many more unnamed ones.

    5. Secondary B2C Offering, Ready to Take on Existing FX Providers

      FlashFX is able to simplify and enhance international transfers. On average, users save 300% to 500% on transaction fees, and can transact at speeds unmatched by current market participants. Leveraging digital payment technology, via Ripple and by removing corresponding banks from the process, FlashFX is able to offer a more secure transfer process.

    6. Experienced Management Team and Advisory Board

      Distinguished leadership team with over 40+ years of international experience across payments technology, banking and financial service, compliance and technology. Management is complemented by a well-connected advisory board who have placed the business in a strong position to capitalise on a growing pipeline of work across the international payments scene.

    Market Overview

    The Australian money transfer industry continues to grow at a rapid pace, thanks to technological enhancements, a rising Australian dollar exchange rate and the global economy acting as tailwinds. 

    As the leading Australian provider of Ripple-enabled cross-border transfer services, FlashFX is well- positioned to capture a significant market share of the AU$50bn Australian market and US$582bn global market. The Business has obtained a Money Service Operators license in Hong Kong, giving it the opportunity to capitalise on the Asian market’s demand for efficient forex services.

    The Business has been developed to alleviate the challenges experienced by users of traditional banking and cross-border money solutions, both institutional and retail, whilst going a step further beyond the current fintech offerings. 

    FlashFX differentiates itself from competitors by offering its B2B/B2C clients the ability to access NPP and an international payments platform using traditional FX / payment distribution channels, as well as an increasing number of RippleNet-connected currencies and destinations. Collectively, these features enable FlashFX to offer faster, cheaper and more secure FX services than our competitors.  

    Revenue Model

    FlashFX generates revenues via two core streams: B2B channels and B2C channels. B2B generally refers to FlashFX facilitating FX transfers for financial institutions while B2C refers to FlashFX making transfers for customers directly via their website and technology. B2B is the core focus for the company. 

    There are a wide range of partnership opportunities in Australia and globally to assist the Business in generating a strong revenue base – B2B and B2B2C partnerships with neobanks, traditional banks, payment platforms and money service businesses who are looking for solutions to the problems with the traditional correspondent bank model.

    Why Equity Crowdfunding

    FlashFX has decided to raise capital through equity crowdfunding in order to give back to its early-adopters and provide them with the chance to own a part of the business. 

    Equity crowdfunding, as a disruptive force in finance, also aligns well with the mission of the company. FlashFX intends to disrupt the global financial exchange market with new innovative technologies, automation and efficiencies gained for our customers and the business.

    The company will use the capital to ramp-up its operations, further enhance its tech and boost its business development team to secure a leading position in the global payments market, as well as meet the current demand for its B2B services.