CAB Payments is the holding company for Crown Agents Bank, the main operating company that is a trusted payments processing and FX brand.
CAB Payments is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets.
Source: Commercial VDD.
Note: Figures converted on a constant currency rate basis at GBP / USD rate of 1.38 (September 2021).(1) Three-year cumulative contribution margin generated by annual cohort / cost of acquisition.
Quote from CEO
“CAB Payments' competitive model based on our unique combination of a deep network of relationships across hard-to-reach markets and our proprietary technology, that enables us to move money quickly, transparently and reliably. We have a strong track record of delivering growth, profitability and cash generation, thanks to our compelling client offering and robust cost management. We are very proud of the social impact we make alongside our financial performance; the Company is united around our goal to make a significant social impact by helping to drive financial inclusion, formalise financial markets and strengthen the local economies where we operate.”
We are transforming the way payments and FX move to and from hard-to-reach markets, connecting traditionally hard-to-reach regions to global financial infrastructure
We have built a differentiated, extensive and deep global payments network to support our well-invested, scalable and compliance-led tech platform. Our platform and network have been purpose-built for sophisticated customers working with hard-to-reach markets
CAB Payments has a strong financial profile, driven by growth and profitability. We are cash generative, capital light and benefit from strong unit economics
We operate in a large, fast-growing market undergoing favourable structural shifts. Our experienced management team has set a clear strategy to deliver sustainable growth
A market-leading digital platform for day-to-day exposures in FX, with executable prices in 100 currencies across over 550+ currency pairs.
Streams executable pricing in over 550+ currency pairs with instant execution via web applet GUI or FIX API.
Access to over 100 markets with over 100 currencies in seconds.
Access to a dynamic trading solution underpinned by cutting edge technology and data to realise a smooth execution experience.
An end-to-end automated payments gateway for cross-border payments to banks and mobile wallets in hard-to-reach markets.
Transacts more than 100 currencies, all from a single platform.
Benefits from reliable, market-leading, deferred settlement services and optimised liquidity underpinned by a unique, differentiated network, and industry-leading technology.
Automates reconciliation with rich, real-time data via API on all accounts and activity.
A single account that supports cross-border and FX payment needs across hundreds of currencies.
Access to a global payments network including correspondents in more than 100 markets, all from a single UK regulated bank account.
Enables clients to transact with their suppliers in a chosen local currency while generating new revenue streams.
Our pensions expertise allows fund managers to leverage a combination of tech and specialist banking experience for the reliable, holistic delivery of pension payroll.
The Product, Technology and Commercial teams conduct customer and market research on an ongoing basis to identify adjacent areas of client need which we could seek to address with an expanded product set. Ideation is in train for a number of new products which could be complementary to our core offering:
The group services the FX and payment demands of customers in a wide range of industries globally. From NGOs to fintechs, we help our clients access hard-to-reach markets using our extensive network of local partner banks.
At CAB Payments we integrate Environmental, Social, and Governance (ESG) standards into everything we do. This is demonstrated from how we evaluate new opportunities, to how we work with our staff and clients, and the appointment of our Head of ESG as a member of the board of the United Nations Global Compact Network UK (UN GCN UK).
We understand the importance of financial stability in the markets where we work and how financial access is crucial in times of crisis. This deep sector knowledge we bring is why our work is vital to the international development community to ensure timely and efficient relief efforts.
Crown Agents Bank has been awarded the Gold Sustainability Rating by EcoVadis, the largest and most recognised Sustainability and CSR rating agency in the world.
EcoVadis is a trusted provider of business sustainability ratings, intelligence, and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social, and ethical risks across 200 purchasing categories and 160 countries. CAB’s Gold Sustainability Rating, ranks Crown Agents Bank within the top 94th percentile of 90,000+ companies assessed by EcoVadis across 160 countries and over 200+ industries.
The Group endeavours to invest dedicated resources (supported by full executive sponsorship) into its ESG initiatives. This investment has enabled the Group to build a comprehensive ESG strategy – with three defined pillars – aligned with the UN Sustainable Development Goals ("SDGs"):
In our organisation:
We champion equal rights, diversity, and inclusion. SDG 5, Gender Equality and SDG 10, Reduced Inequalities
In our work:
We provide access to financial markets to benefit the underserved and hard-to-reach. SDG 1 No Poverty
In our world:
We contribute to a thriving and resilient planet to support future generations. SDG 13, Climate Action
Our governance and culture are our delivery mechanism; we ensure accountability and transparency are embedded in our internal and external systems and behaviour.
We have aligned our ESG Strategy to UN SDGS 1, 5, 10, and 13;and created a steering group with board representation and quarterly status updates to the executive committee:
We are currently certified carbon neutral plus for 2019-2021 (2022 is being calculated by end of Jan 23) this means in addition to ensuring we are a responsible business that we offset 10% more than our footprint, we have also set carbon emission reduction targets and continue to re-evaluate, enhance, and strengthen our sustainability credentials whilst maintaining significant growth as a business.
At CAB Payments we are committed to building a strategy to achieve Net Zero in line with the UK Government commitment and will be developing our strategy to achieve Net Zero in 2023 and 2024.