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FinGlobal, is pleased to announce that Bidvest Financial Services has acquired a majority shareholding in the company and believes the deepening relationship between the two companies will be beneficial for all clients.

FinGlobal has always been regarded as the experts at international money transfers, whether that’s for people emigrating or simply looking to invest money into offshore funds as part of a risk diversification strategy. Bidvest Financial Services has had a relationship with FinGlobal for over five years, which started as the facilitation of foreign exchange transactions and has progressed to a strategic alliance characterized by integrated systems.

Between 70% and 75% of FinGlobal’s funds transfer business for emigrating customers has traditionally been conducted through Bidvest Financial Services’ systems. The acquisition of a majority shareholding in FinGlobal is the next natural step for Bidvest.

FinGlobal’s clients will now have access to Bidvest Financial Services’ range of product offerings.  Bidvest Financial Services is comprised of Bidvest Bank, the Bidvest Insurance Group and other financial services such as Master Currency Foreign Exchange.  The division offers a comprehensive range of banking, insurance and other financial services, for the corporate, business and individual markets.

In return, FinGlobal’s expertise in transferring currency offshore will allow Bidvest Financial Services to assist clients with the required compliance and necessary approvals. To date, FinGlobal has assisted more than 60 000 clients in 105 countries with different aspects of their cross-border financial portfolios – from foreign exchange and opening bank accounts to transferring retirement savings and claiming tax refunds.

Both FinGlobal and Bidvest believe that additional synergies and value-adding products can now be shared for the benefit of our combined clients and look forward to offering a more comprehensive service together.

About FinGlobal:

FinGlobal, formerly known as cashkows.com, was established in 2009 and is a cross-border financial services company providing premier financial migration services to South African expats all over the world. To date, FinGlobal has assisted more than 60 000 clients in 105 countries with different aspects of their cross-border financial portfolios – from foreign exchange and opening bank accounts to transferring retirement savings and claiming tax refunds.

About Bidvest Financial Services:

Bidvest Financial Services is comprised of Bidvest Bank, the Bidvest Insurance Group and other financial services such as Master Currency Foreign Exchange. The division offers a comprehensive range of banking, insurance and other financial services, for the corporate, business and individual markets.