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Wall Street Journal - USForex Continues Expansion of Operations with Massachusetts Licensing
Thursday, 11 July 2013
USForex, one of the world's fastest-growing, technology-driven foreign exchange providers, today announced its continued east-coast expansion with its attainment of licensing in Massachusetts. The greater Boston market represents a key component of the company's growth strategy in the United States and with recent licensing agreements in Connecticut and Maine; USForex now has a strong foot-hold in the New England area. USForex collaborates with its Toronto-Based colleague, CanadianForex, around driving business development throughout North America.
"Massachusetts has long been considered an important market for USForex as we continue to respond to current and potential customers to eventually deliver our simplified and tech-driven platform to all 50 states," said Michael Ward, CEO, North America and Europe for USForex. "Partnering with businesses and consumers to provide them with strategic counsel they need to diminish the risk associated with managing international payments is a core mission of USForex."
A wholly-owned subsidiary of OZForex and headquartered in San Francisco, USForex is currently licensed in 19 states, along with operations in an additional four states where licensing approval is not required. The company projects it will register 25,000 new clients in 2013, and currently has 13 additional state expansion plans in the short-term pipeline.
Operating with a high-tech and high-touch delivery model, offering 24-hour access to corporate and private client dealers for all of its customers, USForex is becoming the go-to solution for the foreign exchange needs of small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and individuals investing abroad.
USForex makes foreign exchange simple, secure and easy, with quick set up, transparency and tailored payments solutions. Customers have the ability to make international money transfers from home or anywhere in the world by phone or via USForex's fully secure online platform. Along with California, and now Massachusetts USForex has secured state approval to operate in Alabama, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maine, Maryland, Michigan, Missouri, North Carolina, Oregon, Texas, Utah, Virginia and Washington. USForex also provides services in New Mexico, Montana, South Carolina and Wisconsin.
For more information on USForex, call 1-888-288-7354 or email info@usforex.com.
About USForex
USForex is a wholly-owned subsidiary of OzForex, a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group, and original co-founders Matt Gilmour and Gary Lord. USForex is part of the OzForex Group which includes UKForex, CanadianForex, OzForex, NZForex and Tranzfers. Since its launch in 1998 by Matt Gilmour, the Group has grown to be one of the world's largest online foreign exchange companies. The Company's client base includes small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and those investing abroad. The USForex Board of Directors is made up of executives with significant experience in foreign exchange and the financial markets.
*From The Wall Street Journal
