Transaction Type

Financial Services


World First (minority stake)


FTV Capital

Acquired By

World First (minority stake) / FTV Capital

Cavendish Corporate Finance is pleased to announce that World First UK Limited, a leading provider of foreign exchange, international payment and hedging solutions to corporate and private clients, has completed the sale of a minority stake to FTV Capital, a US based growth equity investor with a strong track record in payments, transaction processing and financial services.

Founded in 2004, World First provides international currency, payment and hedging solutions to its clients throughout the world. Headquartered in London, the company provides its customers with a superior foreign exchange experience by utilizing a proprietary technology platform that automates and streamlines transactions, enabling customers to enjoy better rates and faster transactions. The flexible, user friendly platform is supported by award winning customer service. As the economy becomes increasingly global, World First is uniquely positioned to address the growing international payment needs of corporate and private clients.

“As one of the fastest growing companies in the foreign exchange market, World First has distinguished itself with a strong management team, innovative culture, leading market position and unique value proposition,” said Brad Bernstein, FTV Capital partner and new World First board member.

“World First has done a remarkable job of enabling international commerce for small to medium sized businesses and private individuals, a market segment which is rapidly increasing with global trade and demand for cost-effective foreign exchange solutions, but has been underserved historically.

The company’s consistent execution has been quite impressive, and we look forward to partnering with management to accelerate World First’s expansion globally.”

Jonathan Quin, co-founder and CEO of World First, said:

“We look forward to working with our new partner, FTV Capital, a firm that has the experience and resources to help support the continued success of World First – we believe this will help us to accelerate our expansion plans significantly.”

Nick Robinson, co-founder and Vice Chairman added:

“FTV Capital has a strong reputation as a long-established and accomplished investor in the payments and financial services space. The FTV team brings a deep understanding of this complex market, as well as a distinctive group of strategic relationships that will help our organization achieve our plans for expansion, especially in the US.”

“Cavendish were a fantastic partner for World First throughout the investment process. We were impressed with their knowledge, level of service and professionalism and we are very excited about working with FTV to realise our growth plans.”

Peter Gray, Partner at Cavendish commented “World First is one of the most impressive businesses we have had the privilege of advising. It is destined to become a leading global brand in the rapidly growing international payments space.

Key Contacts

Peter Gray


View profile

Recent Deals for Financial Services Sector

What can we help you achieve?

Get in touch

Thank you. We will be in touch soon

There was an error with the form. Please check and try again.