Nick Robinson: World First

Focus: Foreign exchange

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Nick Robinson, 33
: World First

World First competes with banks on both service and rates and has transacted with over 10,000 private clients and 1,000 UK companies in its three-year history. Robinson and co-founder Jonathan Quin recently secured investment from Prudential chairman and former deputy governor of the Bank of England Sir David Clementi. They project £1m profit on a £3m turnover this year and will soon be expanding online services. Hedging tools for corporate clients and invoice discounting will follow.

2013 update:

World First has grown to become the third largest foreign exchange company in the UK by profit (behind industry veterans Travelex and Moneycorp) posting impressive revenues of £2.96bn in the year ending January 2012, of which £4.5m was profit.

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