The high commissions and wide spreads of traditional foreign exchange operators prompted the creation of our second iQ Prize shortlisted entry, Pendle House.
The website provides an online currency exchange market that allows individuals and companies from around the world to trade directly with each other. By cutting out all transaction costs, Pendle House provides a zero-spread, zero-commission service.
This week we’ve invited the iQ Prize shortlist into our offices for a chat – Michael Furey from Pendle House is the first one up in front of the camera.