Fexco buys Sainsbury’s Travel Money business
Financial services and technology company Fexco has announced a deal to buy Sainsbury's Travel Money for an undisclosed sum.
The Co. Kerry based firm said the deal will strengthen its position in the UK market and will significantly enhance its digital and in-store offering.
Fexco will assume full responsibility for the Sainsbury’s Travel Money business, including its digital platforms and channels, and more than 220 physical outlets in the supermarket group's retail network.
It also extends Fexco's retail presence to more than 460 locations across the UK and opens up access to over 18 million Nectar members, the UK's biggest loyalty programme.
Integration of the Sainsbury’s Travel Money brand and services is planned for early 2026, and customers can expect a smooth transition with uninterrupted service and a broader range of options in both digital and physical formats.
The brand will join Fexco's existing portfolio across Ireland, the UK, Australia, New Zealand and the Pacific Islands, which includes No1 Currency, Currency Exchange Corporation, Thomas Exchange Global and BestForeignExchange.com.
Founded in 1981, Fexco employs over 2,800 people across its suite of companies, and is headquartered in Killorglin, Co Kerry.
It now has operations in 50 countries across Europe, the Middle East, Asia-Pacific, North America, and Latin America.
Neil Hosty, CEO of Fexco Group, said the reputation and reach of the Sainsbury’s Travel Money business, with over 220 locations, make it a perfect fit with the company's commitment to delivering market-leading travel money services.
"Since 1981, Fexco has built a legacy of outstanding customer service, delivered through strong partnerships and product innovation.
"We are excited to extend that same level of excellence and continuity to the exceptional Sainsbury's group as we bring the Sainsbury's Travel Money business into the Fexco family," the CEO added.
Bláthnaid Bergin, Sainsbury’s Chief Financial Officer, said that with over 220 bureaux nationwide and almost 10% of the UK market, this is a well-established part of the Sainsbury's offer, adding that it will continue to trade under the Sainsbury’s brand.
Financial services and technology company Fexco has announced a deal to buy Sainsbury's Travel Money for an undisclosed sum
"With specialist expertise and a strong track record in foreign exchange, Fexco Group is a strong fit for our business.
"I’m also pleased to confirm that there will be no immediate changes, and customers can expect the same high level of service they know and trust," she added
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