ForexQ.com
ForexQ.com
According to its official website, CoBanq is a UK-based financial technology company founded in 2003 that provides cross-border payment solutions to individuals and businesses. CoBanq Ltd, registered in England and Wales (company no 04995400), has its registered office in London (Level39, One Canada Square, Canary Wharf); the site says the company is authorised and regulated by the FCA under the Payment Services Regulations 2017 (FCA registration no 508565) and is not a bank. It offers individuals money transfers to family and friends under the CoRemit brand, above all to India, Nigeria, the Philippines, Pakistan and Bangladesh; freelancers the ability to get paid by clients and platforms abroad; businesses a multi-currency account with 11 foreign currencies alongside GBP on one IBAN, real-time FX, supplier payments and cross-border payouts; and banks, payment institutions and remittance networks white-label payment services and infrastructure connectivity. The site says most transfers are processed within 24 hours and that the fee and exchange rate are shown before confirmation. This information is the company's own statement.