Who we help / Finance teams
FX for CFOs and finance teams.
Corporate FX that holds your budget rate. Know the margin before you trade, and stop explaining currency variances to the board. One named team, on call 24/7, paid only on the conversion.
- Typically 0.2% to 0.6% margin, agreed upfront
- £0 payment fees
- 24/7 by phone, email and WhatsApp
Common challenges
What FX problems do finance teams bring to BLK.FX?
Currency rarely shows up as one big problem. It shows up as a variance, a fee and a reconciliation headache, every month.
Budget
The rate moved after the budget was signed off
You set a budget rate, the currency moved, and now margin is down and the board wants to know why.
Cost
You cannot see what the bank is charging
The margin is built into the rate, so nobody can say what FX actually costs the business each year.
Admin
Month end takes too long
Payments across several banks and currencies, matched by hand, with fees that never quite reconcile.
Ownership
Nobody owns FX
Conversions happen on the invoice date by default, not because anyone decided it was the right time.
Who owns FX in your business?Is this for you?
BLK.FX is a good fit if you
- Pay suppliers or staff, or get paid, in more than one currency
- Convert £10,000 or more a month, or have large one-off payments coming
- Report margin to a board, investors or a parent company
- Run more than one entity, or plan to
Client results
What does this look like for a real finance team?
Furniture Fusion supplies contract furniture to hotels and restaurants across Europe, Asia and the Americas, paying suppliers and collecting from clients in several currencies.
What we did: removed their transaction fees, improved the FX margin, identified the exposures worth protecting and moved payments onto one streamlined platform.
Read the case study
£25k
saved per year, approximately
1 hr
less admin and reconciliation each day
£0
payment fees
“Been using BLK.FX for all my international payments for a while now. Excellent user interface, easy reporting, support and timely payments.”
Verified review on Trustpilot
Getting started
What happens after the first call?
No long procurement process. One call, simple onboarding, then a team that knows your business.
01
A free FX review
Thirty minutes on what you buy, sell and hold. You leave with your real margin and a view on your exposure.
02
Accounts opened
Each entity set up in its own name through secure online onboarding, usually within a working day or two.
03
An ongoing partner
A named team for every trade and payment, rate alerts on your pairs, and a regular review of your exposure.
Common questions
Questions finance teams ask us.
Do we have to move our main banking to BLK.FX?
No. Most finance teams keep their existing bank for day-to-day banking and use BLK.FX alongside it for currency: conversions, international payments and accounts in the currencies they trade in. Nothing about your current banking relationship has to change.
Can you show us what we are paying on FX today before we switch?
Yes. Send us a recent bank or provider statement and we will show you the margin you are actually paying on each conversion, plus any payment fees. It is free, takes about 30 minutes on a call, and you keep the numbers whether or not you go ahead.
What size of business do you work with?
Anything from a scaling business converting its first meaningful sums to PE and VC backed groups with several entities. The conversation is most valuable once you are converting roughly £10,000 or more a month, or have a known future payment in another currency.
How quickly can a finance team get set up?
Accounts are usually open within a working day or two of the paperwork being in, via secure online onboarding. Groups with several entities, or structures such as SPVs and funds, can take a little longer because each entity is set up in its own name.
Is BLK.FX regulated?
BLK.FX works only with regulated execution partners across the UK, the EEA and the US, and client funds are safeguarded under those partners' e-money and payment licences. Full details are in the regulatory disclosures at the bottom of every page.
Free FX review for finance teams
See what FX is really costing your business.
Bring a recent statement or the currencies you buy and sell. In 30 minutes you will know your real margin, where your exposure sits and whether your budget rate is realistic. Free, and no obligation.
Book a call with our team