What smart money is saying about OFX Group Limited
1 fund in our archive has pitched OFX Group Limited — most recently Forager Funds (Australian Shares Fund and International Shares Fund) in September 2026.
OFX Group Limited provides international payments and foreign exchange services in the Asia Pacific, North America, Europe, the Middle East, and Africa. The company offers business accounts, payments and transfers, corporate cards, currency accounts, FX solutions, batch and payroll payments, spot transfers, forward contracts, control hub, spend management, accounts payable and bill payments services. It offers products and services to consumers, corporates, online sellers, and enterprise clients. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia.
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Position history
Every position in OFX Group Limited on record in the archive was reported in Q3 2026, across 1 fund letter — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 1 |
Fund activity · 1 position · 1 move
- September 2026
“Takeovers crystallising value OFX Group (ASX:OFX), a foreign exchange provider, announced in July that it had agreed to an all-cash takeover proposal from UK-based Equals Group at $1.00 per share. But Equals needed some time to conduct due diligence and line up funding before entering into a formal bid. Initially slated for four to eight weeks, the process has dragged out. By late September another extension to the timetable, this time to late-October, was agreed. The extension was paired with a downgraded operational outlook. Having traded as high as $0.83 per share after the bid, the price has since fallen to about $0.60 per share, implying a low probability of the deal completing. We continue to believe that OFX’s client base, platform and global licenses represent an attractive target for Equals and other would-be acquirers and have topped up the Fund’s holding.”
OFX Group Limited
Fund coverage · 1 thesis
OFX provides foreign exchange services and is viewed as an attractive acquisition target because of its client base, platform and global licenses.
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