Travelex Company Description
It is a truth universally acknowledged that a single man in possession of a passport is in want of a good exchange rate. Travelex is only too happy to help. The company specializes in foreign currency exchange for travelers and corporations. It also offers such related products and services as global funds transfers, travel insurance (in the US only), an ATM network, traveler's checks, and prepaid debit cards. Travelex and its subsidiaries have operations in more than 35 countries around the world. Investment firm Apax Partners owns a 57% stake in Travelex, while chairman and former CEO Lloyd Dorfman owns 28%.
View the Comprehensive Company Description for Travelex
The Company Description provides a historical perspective of Travelex's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Travelex's evolution in the marketplace.
