News

New venture for Hotels4U founder Haim Perry

Haim Perry, the original founder of Hotels4U, is among backers of a new foreign exchange firm.


Created by entrepreneurs Tony North, Brian Jamieson and Daniel Butcher, who recently sold their respective foreign exchange businesses for a combined £350 million, Centtrip aims to make it cheaper for holidaymakers and business travellers to spend overseas.


The start-up is described as a “bespoke product securing fairer, more transparent rates, fees and services”.


It has an investor pool including Perry, former EMI chief executive and chairman Eric Nicoli and a senior executive of Credit Suisse.


The firm is offering a pre-paid MasterCard which can be loaded with sterling and then be converted into 14 currencies.


Users pay a fixed annual account fee of £10 and 0.5% of the funds loaded to the account and can then change money at the interbank rate without additional fees.


Jamieson told the Mail on Sunday: “We wanted to provide consumers access to the rates corporate consumers get.”

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.