The business originated when the Crown Agents' business was consolidated under two Joint Agents General for Crown Colonies with an office of several staff in 1833.[2] In April 2016 Crown Agents demerged its financial services arm, Crown Agents Bank and Crown Agents Investment Management, and sold it to Helios Investment Partners.[3]
The company launched its new online foreign exchange platform, EMPowerFX, which was primarily intended for the exchange of currencies used in developing countries, in February 2018.[4]
In 2019, it went on to acquire a payment gateway system from Segovia, a financial technology company focused on cross-border payments.[5]
The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £851 million, in July 2023.[6][7][8]
On 24 October 2023, only three months after its IPO, CAB Payments issued a profit warning causing its share price to collapse by 74% on the day.[9]
£119.0 million (2025)[1]
£13.6 million (2025)[1]