Mark Hardwicke, Head of Corporate Finance here at Bluebox, takes a look at the growth M&A in the money
transfer, FX and FINTECH sector:
The UK money transfer industry has undergone significant changes over the last few years. The industry has seen an unprecedented amount of consolidation with high deal values and EbIT multiples being paid by both trade players and private equity houses alike. Over the last 10 years the sector has rapidly consolidated with the number of money transfer businesses reducing in Europe from 2,500 to approximately 350.