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GoodFX welcomes Tom Goldsmith and Cornerstone FX clients in a unique B Corp agreement

  • Writer: Mike Piddock
    Mike Piddock
  • Dec 10, 2024
  • 2 min read

London, UK – GoodFX, a leading FX company and certified B Corp, is pleased to announce the arrival of Tom Goldsmith, founder of Cornerstone FX, along with his clients and business operations. This move marks the coming together of two of the UK’s three FX-certified B Corps, amplifying their shared commitment to ethical business practices and positive social impact.


Both GoodFX and Cornerstone FX have built their reputations on transparency, client-focused service, and a drive to do good for the communities they serve. By joining forces, the companies are set to deliver even greater benefits for their clients and the charitable causes they support through GoodFX’s unique business model.


A seamless fit based on shared purpose

A B Corps, both companies prioritise putting people and the planet before profits. By aligning their operations, GoodFX and Cornerstone FX will deepen their mission of purpose-led business. Cornerstone’s clients will continue to benefit from the personalised service they trust, while gaining access to the expanded resources, platform agreements and financial tools available to GoodFX.


"Cornerstone FX was built on the principle that business can and should be a force for good. Joining GoodFX is a perfect fit, as we share the same values and commitment to transparency, ethical service, and giving back to the community. This move allows us to scale our impact and offer even more to our clients."

Tom Goldsmith, Founder, Cornerstone FX.


Transparency and trust at the core

Both Cornerstone FX and GoodFX have been industry leaders in providing fair, transparent exchange rates. GoodFX’s unique model, which makes a charitable donation based upon every (fully visible) transaction fee, will offer Cornerstone clients the continuity of service they expect, now backed by the larger network of GoodFX.


Bringing together the knowledge and experience from both companies ensures that clients will now benefit from even greater scale, more resources, and enhanced expertise to support their foreign exchange needs.


More clients means a greater impact

GoodFX’s model channels a portion of its profits to charitable causes, and the increased business volume from this partnership will allow for even greater donations to those in need. This is a significant step forward in expanding the company’s positive social impact across the globe.


“We are thrilled to welcome Tom and his clients to GoodFX. Both our companies have shown that doing good and being profitable are not mutually exclusive. By combining our expertise and aligning our resources, we can better serve our clients, deliver stronger outcomes, and create a greater positive impact through our charitable giving model.”

Robert Hayward, CEO, GoodFX


About GoodFX

GoodFX is an ethical FX provider, certified B Corporation, and committed to making a difference in the world by channelling a portion of its profits to charitable causes. GoodFX is known for transparent rates, exceptional service, and a purpose-driven approach to business.


About Cornerstone FX

Cornerstone FX, also a certified B Corp, has built a reputation as a fair and transparent international payments provider, focusing on delivering the best outcomes for its clients and society. This integration marks a new chapter in its mission to make a positive impact on the financial industry.

Safeguarding Notice:

When funds are posted to your account, in line with regulatory requirements, the regulated institutions who we work with safeguard your funds. This means that the funds shown in your payment account or e-wallet are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner institutions’, or our, insolvency. Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.

 

Partner Providers:

GoodFX partners with the seven FCA-regulated entities listed below. 

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). Terms of Use are available here.

GoodFX’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. GoodFX is partnered with Ebury Partners UK Limited as a Programme Manager. Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Financial Services Register No. 900797). Ebury Partners UK Limited is registered with the Information Commissioner's Office, with registration number: ZA345828

ALT 21 Limited, a company incorporated in England and Wales (No.10723112) with its registered office at 45 Eagle Street, London WC1R 4FS, United Kingdom, is authorised and regulated by the Financial Conduct Authority of the United Kingdom (FRN:783837). ALT 21 Software Limited, the parent company, is incorporated in Ireland (No. 578153) with its registered office at Century House, Harold's Cross Rd, Dublin, D6W P993, Ireland. 

Payment services for GoodFX Ltd are also provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951.

Equals Money Plc. Registered Address: 3rd Floor, Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Company registered in England and Wales. Registered number: 05539698. Money Service Business Registered Number: 12236741.


Interpay UK Ltd t/a TransferMate – Authorised as an Electronic Money Institution by the UK Financial Conduct Authority under registration no. 900930.

Commercial financing solutions are offered by Spark Finance Limited, which acts as a broker rather than a lender. The company's registered office is located at 18 John Stow House, London, England, EC3A 7JB, with a company registration number of 10128297. Spark Finance Limited is authorised and regulated by the Financial Conduct Authority (FRN 958123).

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.  

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