According to Money Advice Service, British travellers fritter away £941 million at airports every year to get rid of spare holiday cash they believe they won’t be able to exchange once home. Furthermore, a survey by YouGov has revealed that an estimated £2.3 billion of leftover holiday money can be found in UK homes alone!
Addressing this issue, Virgin Media Business Pitch to Rich 2015 winner, Fourex launches this month. Its kiosks are able to accept unsorted coins and notes (that are both in and out of circulation) from over 150 currencies, and convert their value into British Pounds, Euros, or US Dollars.
Fourex is in the game of giving. Jeff and Oliver’s kiosks give customers the choice to donate part or all of their exchange to one of Fourex’s six charity partners –UNICEF, The Railway Children, The Guide Dogs for the Blind Association, The London Transport Museum, EllenorLions Hospice and the UK Stroke Association.
Jeff Paterson, Co-Founder of Fourex comments: “We have been completely humbled by the interest and excitement we have received so far for Fourex. We are so excited to be launching across Central London, just in time to help people exchange their leftover summer holiday cash instead of wasting it at airports because they believe it cannot be exchanged. There is nothing on the market that even comes close to our machines!”
Photo by: Tom Dymond