September 24, 2015 10:00 ET

Vancouver fintech company AgilityForex to give $100 million in free currency transfers to Canadian startups

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2015) - AgilityForex, a new international payments company that removes the fees and charges associated with foreign exchange, is helping other new technology companies save money. Launching today at Vancouver Startup Week, AgilityForex will give $100 million of free currency exchanges and payments to the startup community. These exchanges will be made at the wholesale Interbank rate.

With banks regularly taking in excess of one per cent of a transactions value in fees and spread this could amount to a total saving for the industry of over $1 million.

Once a company is signed up they have until February 29th 2016 to utilize the free transfers up to a maximum of $2 million per company and overall total of $100 million. There is no limit to the number of transfers a company can do up to the $2 million company total.

Andrew Dilts, Lawyer with MacPherson Leslie & Tyerman LLP and Chair of Vancouver Startup Week, says: "We are thrilled to have thisΓÇï AgilityForex launch featured as part of Vancouver Startup Week. Getting a company off the ground is no small feat and we are always happy to support these great initiatives that support the technology and innovation communities, especially with regards to access to capital for these emerging companies."

AgilityForex CEO and Co-Founder, Andrew McGuire, says: "It's crazy that in this day and age it still costs so much for people to move their own money around. The transfers and payments will be made at the Interbank rate with our proprietary technology allowing us to bypass bank pricing."

McGuire has over 25 years of experience in financial markets holding senior positions at UBS, RBS, Deutsche Bank and Merrill Lynch. As a Portfolio Manager at UBS, McGuire ran a multi-billion Euro bond fund utilizing futures, interest rate swaps, foreign exchange and default swaps.

McGuire explains: "We know what it's like as a startup. Every dollar counts and we know that it is critical for these companies to use their resources building their companies, not on bank imposed foreign transaction fees. That's why we're rewarding startup companies in particular."

Technology startups looking to take advantage of this free currency exchange need to enter the promotion code VSW when they register online here:

About AgilityForex

AgilityForex is a fintech company offering SMEs and individuals currency pricing normally reserved for large corporates. Our proprietary technology allows us to bypass the banks to access interbank market pricing and take advantage of P2P settlement. No fees or commissions, just the best rates 24/7 via our easy to use platform. To learn more please visit:

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