Key Data

• Trading Name: JNFX
• Legal Entity: JNFX (UK) Ltd 
• Activities: Global Foreign Exchange
• Location: London, UK
• Regulations: regulated by the FCA
• Key People: Nathan Samuel Eisenberg/Natalie Green
• Latest news: JNFX
• Latest update: October , 2024

JNFX is a UK-based financial services firm specializing in international payments and FX solutions. It serves corporations, FX brokers, banks, and fintech companies, focusing on efficient money transfers and currency conversions. With over 17 years in business, JNFX has transferred more than £30 billion and converted £25 billion. The company is regulated by the Financial Conduct Authority (FCA) and HMRC.

Offering

JNFX provides a range of tailored foreign exchange and international payment solutions designed for businesses, including corporations, banks, and fintech companies. Their services focus on optimizing currency conversions, managing market risk, and facilitating efficient cross-border payments. By leveraging a combination of cutting-edge technology and deep market expertise, JNFX aims to offer secure and competitive FX services that support their clients’ global financial operations. The firm also provides personalized support to ensure effective management of complex financial transactions

Serving Industries

JNFX serves a diverse range of industries, including financial institutions, corporations, and fintech firms. Its primary offerings cater to sectors requiring efficient currency exchange, risk management, and international payment solutions.

Regulation

• JNFX is an Authorised Payments Institution in the UK, regulated by the FCA (574489).
• JNFX is subject to certain requirements or restrictions that limit the scope of its financial services activities. These conditions may restrict specific operations or place limitations on the types of services it is permitted to offer.

Key People

• Nathan Samuel Eisenberg: 

Date of birth

December 1980

Nationality

British

• Natalie Green:

Date of birth

January 1978

Nationality

British

Chrages

On 25 March 2009, a deed of charge over credit balances was created and subsequently delivered on 8 April 2009. The charge was satisfied on 19 October 2022. The transaction was filed as a Registration of a charge (Form 395), which can be viewed in a 5-page PDF document. Barclays Bank PLC was the entitled party, securing all monies due or to become due from the company to the chargee on any account whatsoever. The charge established a fixed charge over all deposits listed in the schedule to Form 395, encompassing all or any part of the money payable under such deposits and the debts they represent, together with all accrued interest. Additionally, the deed created an assignment by the chargor to secure the right to require repayment of the deposits and any interest accrued, thereby effecting the security.

Compliance Issues

JNFX was implicated in a high-profile legal case involving Multichoice Nigeria, which alleged a loss of N7.9 billion due to a failed foreign exchange deal. The dispute centered around agreements to exchange Naira for US dollars under 10 contracts, with JNFX’s representative, Mr. Mervyn, acting as the intermediary. While JNFX argued that Mervyn lacked authority, the court found JNFX liable for deceit, resulting in a summary judgment against them. The case highlighted issues of authority, misrepresentation, and compliance in cross-border FX transactions.

Customer Reviews

There are currently no customer reviews available for JNFX. Despite being involved in large-scale financial services, the company lacks publicly visible feedback from clients, which could make it challenging for potential customers to gauge the firm’s reliability and service quality.

Conclusion and Rating

Risk Signal: Red

We classify JNFX as Orange in compliance terms due to their involvement in a high-profile legal case, indicating a significant risk from a regulatory and reputational standpoint. From a customer perspective, we assign them an ORANGE status because of the lack of customer reviews, which makes it difficult to assess their service quality and reliability.