Knightsbridge Foreign Exchange Inc
| File:Knightsbridge Foreign Exchange Logo.png | |
| ISIN | 🆔 |
|---|---|
| Industry | Financial services |
| Founded 📆 | 2009 |
| Founder 👔 | Rahim Madhavji |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Services | Currency exchange |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Knightsbridge Foreign Exchange or Knightsbridge FX is a price-competitive Canadian foreign exchange company in Toronto, Ontario that provides extensive currency exchange services to customers across Canada.[1]
Since 2009, the company has processed more than CAD 2 billion in foreign exchange transactions across Canada.[2][3]
History
Founded in 2009, Knightsbridge Foreign Exchange is one of the top Canadian exchange services led by Rahim Madhavji with a co-founder. Prior to founding Knightsbridge FX, Mr. Madhavji worked for TorQuest Partners, where he leveraged buyouts, expansion capital investments, and existing portfolio company investments. Mr. Madhavji has been involved in a number of advisory assignments and he is a frequent guest of different financial shows such as BNN and CTV NEWS.[4][5]
On March 7, 2019, Rahim Madhavji appeared on season 13, episode 20 of the Canadian Broadcasting Corporation’s Dragons’ Den reality television show, in which he made a CAD 1 million-dollar deal with Arlene Dickinson and Michele Romanow for a 30% stake in his company.[6]
In 2013 and 2014, PROFIT Magazine recognized Knightsbridge Foreign Exchange in its 14th annual PROFIT HOT 50 as a fast-growing company with a year-on-year revenue growth of 564 per cent.[7] The current foreign exchange market has few exchange services with a large purchasing power, tremendously limiting customer buying decisions across tier-one countries. Turning this gap into opportunity requires to have a measured approach to transacting foreign currencies which feeds real-time data into exchange monitors.
Additionally, Knightsbridge Foreign Exchange was recognized by PROFIT 500 among Canada’s Top-Growing Companies in 2017 and GROWTH 500 in 2018.[8][9]
Operations
Knightsbridge Foreign Exchange offers currency exchange services in North America. The company is registered and regulated by FINTRAC (Government of Canada agency), the registration number is M09819788. In Quebec, Knightsbridge is registered and regulated by the Autorité des marchés financiers (AMF) in Quebec. Knightsbridge FX exchanges a number of currencies for primarily clients in North America.[10]
Knightsbridge Foreign Exchange's primary banking partner is Bank of Montreal (BMO). Client funds are held in segregated client trust accounts at the Bank of Montreal and are separate from company operating accounts.[11] Knightsbridge FX has a coverage of $1,000,000 bounded and insured.
References
- ↑ "Company Overview of Knightsbridge Foreign Exchange Inc". Bloomberg. 2019-01-13. Retrieved 2019-03-19.
- ↑ "Knightsbridge pitches to the Dragons". 2019-03-07. Retrieved 2019-03-18.
- ↑ "How to cut your U.S. dollar exchange costs: Mayers". The Star. 2015-09-14. Retrieved 2019-03-19.
- ↑ Break in NAFTA significantly worse for loonie than U.S. dollar, 2018-02-14, retrieved 2019-06-26
- ↑ "Canadian dollar near 11-year low, North American stock markets waver | CTV News". www.ctvnews.ca. Retrieved 2019-06-26.
- ↑ "Season 13: KnightsbridgeFx - Dragons' Den". CBC/Radio-Canada. 2019-03-07. Retrieved 2019-03-19.
- ↑ Inc, Knightsbridge Foreign Exchange (2014-06-25). "Knightsbridge Foreign Exchange Recognized as One of Canada's Top New Growth Companies with 564% Revenue Growth". GlobeNewswire News Room. Retrieved 2019-06-26.
- ↑ "PROFIT 500: Complete Ranking of Canada's Fastest-Growing Companies". www.canadianbusiness.com. Archived from the original on 2019-10-01. Retrieved 2019-04-23.
- ↑ "Growth 500: The Complete Ranking of Canada's Fastest-Growing Companies - Canadian Business". www.canadianbusiness.com. Archived from the original on 2019-10-27. Retrieved 2019-04-23.
- ↑ "Getting U.S. Dollars for Less: What the Banks Aren't Telling Canadianspublisher=Huffington Post". 2016-08-05. Retrieved 2019-03-18.
- ↑ Exchange, Knightsbridge Foreign. "Why choose us". KnightsbridgeFX. Retrieved 2019-04-23.
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