London based currency specialist celebrates "exciting" revenue growth following rebrand

Following the one-year anniversary of its rebrand, Lumon is today announcing that its revenue forecast for FY2022 is up by 27 per cent on FY2021, with its corporate division expanding exceptionally at 48 per cent year on year.

In 2021, the Lumon brand was launched, successfully bringing together all the brands from previous acquisitions. The London based foreign exchange (FX) broker specialises in international payments and foreign exchange risk management for private and corporate clients.

In 2018, Foreign Currency Direct was acquired by Pollen Street Capital, and subsequently in 2021 Foreign Currency Direct, Infinity International and other associated brands became Lumon, which has since traded over £4bn. This aggregation of businesses has allowed for a melding of talent within the sectors of fintech and FX.

The firm has always worked with a broad range of clients, from large scale corporate companies to SMEs and private individuals. It is differentiating itself in the market by a strong focus on customer engagement and service.

Shamus Hodgson, chief executive officer at Lumon, commented: “It cannot be denied that we’re currently in a challenging time for the sector, affecting both providers and clients. Uncertainty levels are high, and it’s therefore more important than ever to feel secure in payments being made.

“Whilst certainly not the best climate for growth, Lumon has shown in the past year that it is possible to expand a business despite this.” Lumon has also brought on board several new hires in the last year, adding a swathe of industry experts to an already talented team.

Megan Dunford, who has a long history with Western Union, was hired to the position of chief operating officer. Megan is an expert in operations, change management and payments infrastructure, with 20 years’ experience in the sector.

Andrew Hogwood, Lumon’s current chief digital and product officer, is a digital and product “guru” who joined the company from Sainsbury’s Bank where he accrued vast experience in developing customer focused products and digital environments that accelerate business growth and radically improve customer propositions.

Emer Lynam joined the firm from BrightHouse as its first chief people officer. With the company setting out people as its “most important asset”, Emer has been charged with ensuring it is attracting, developing and rewarding the best talent possible.

Finally, Andrew Gillespie has been appointed chief marketing officer at Lumon. Andrew is a “highly experienced” marketing and strategy professional, having held director level roles with Barclays Retail, TSB, LV Insurance and Close Brothers.

By Matthew Neville – Correspondent, Bdaily

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