We are pleased to announce that Lumon has agreed to acquire the business and assets of Fiscal FX, a London-based foreign exchange and international payments specialist.
Founded in 2019, Fiscal FX has built an exceptional reputation serving the corporate market, with a particular focus on SMEs and owner-managed businesses seeking a genuinely relationship-led alternative to the larger institutional players. Over six years of consistent organic growth, the business has cultivated a loyal client base of over 600 corporate accounts across the UK and internationally, and has transacted approaching £1 billion of volume since inception, underpinned by outstanding client retention and a high-quality, recurring revenue profile.
Lumon Group CEO, Vic Darvey said: “Acquiring Fiscal FX marks another significant step forward as we continue to expand Lumon’s global footprint; uniting expertise, enhancing our capabilities and ultimately, delivering more value to our clients.”
Fiscal FX CEO, Archie Scarborough said: “Joining Lumon is a hugely exciting step for our team and our clients. We’ve built something special over the last six years – a business that genuinely puts its clients first – and I’m proud of what we’ve achieved. Lumon shares those values, and I’m looking forward to what we can build together.”
Pollen Street Capital backed Lumon in 2018 and Fiscal FX represents the seventh acquisition under Pollen Street’s ownership. The acquisition, which is complemented by Lumon’s organic growth strategy, will help accelerate growth in Lumon’s corporate division both internationally and in the UK.
