Location: Harlow Enterprise Hub, Essex
Providing rates of currency exchange to corporate and private clients, Pangea FX addresses a number of problems in the foreign exchange industry
Having worked for a foreign exchange (FX) broker in the past, Stuart Plummer and Joe Jones were well placed to consider launching a brokerage business of their own. Seeing no good reason not to start-up, and with a desire to build a business they could believe in, Stuart and Joe founded Pangea FX in November 2017. Providing rates of currency exchange to corporate and private clients, Pangea FX addresses a number of problems in the foreign exchange industry with a convenient online platform and a great-value, tailored service. Nwes spoke to Pangea FX about their start-up journey so far.
When did you gain your first customer?
“By calling clients who import, we gained our first customer within our first week. We felt happy that a company trusts us with being so new, especially dealing with clients exchanging anywhere between 20,000 and 20 million in foreign currency”.
Have you taken on business premises, or do you work from home?
“We work at the Harlow Enterprise Hub which has provided us with an office with all the services we need at an extremely affordable price for a new business”.
Have you encountered any challenges and how did you overcome these?
“Being a new business, and asking people to place their trust in you with large amounts of money, is a challenge for any business in the early stages. Using a large company as our provider who funds are sent between helps put our clients at ease, as well as us being honest about the size of our company”.