OFX Partners with Caribshopper.com to help Caribbean merchants expand sales to new markets

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Partnership to pave a new path for Caribbean merchants to sell internationally

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OFX Group Limited (ASX: OFX), one of the world's leading international payments providers, today introduced a partnership with Caribshopper.com, a new online marketplace that enables consumers in the United States to purchase their favorite, hard to find, Caribbean products made directly by Caribbean merchants.

Powered by OFX, Caribshopper.com is now able to help its merchants access U.S. and international markets and get paid easily. Caribshopper.com provides local Caribbean business owners a marketplace platform to expand their customer base by branching out to American shoppers who are craving the flavors of home, without having to travel there. Exporting and taking advantage of the boom in international eCommerce was historically a barrier for these businesses due to the challenges of accessing the end customer and getting paid. OFX and Caribshopper have solved this.

Many of these Caribbean businesses have been dramatically affected by a lack of tourism dollars flowing into their country, a major piece of their business model. This partnership now enables Caribshopper to focus on its central mission of building out its platform to help small businesses hurt by the global pandemic and economic downturn, survive and thrive.

“We are thrilled to be able to support Caribshopper.com as its mission aligns so closely with our goal to support small business growth both in the United States and abroad,” said Alfred Nader, President of North America for OFX. “Our team is excited to watch this company grow, while also making it easier for the more than one million former Caribbean residents who yearn for a taste of home to find their local flavors.”

Caribshopper.com was founded by Jamaican-born brothers Kadion and Tennyson Preston in 2020 and is headquartered in Miami - with employees located in Florida, Atlanta, Jamaica, and Trinidad.

“OFX allows us to transfer money the same day to the over 100 merchants on our platform,” said Kadion Preston, Co-Founder & CEO of Caribshopper.com. “What might be even more impressive than the OFX platform is their customer service. Their flexibility and willingness to support us is one of the reasons we chose to partner with them. We are looking forward to continued growth with OFX when we can launch in the Canadian and UK markets.”

About Caribshopper
Caribshopper.com is the leading Caribbean marketplace on the web, with the world's largest selection of Caribbean products. The online platform offers a wide range of products, desktop and mobile-friendly search, customer service, easy payment processing, and direct shipping to customers.

About OFX
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was 20 years ago, and we’re still driven by the same mission today.

We believe real help from real people counts, and that’s why we offer our clients the best of both worlds – an easy to use digital platform, combined with 24/7 phone access to our currency experts.

Foreign exchange is in our DNA. We help clients navigate the complexity of FX, making it simple and easy to understand. Because when it comes to money, informed decisions are the best decisions.

Keeping our clients’ money secure is a top priority. We're monitored by over 50 regulators globally. To date, we have helped over 1 million customers worldwide and have transferred over US$100 billion.

Our clients are all over the globe, so we are too. We operate in offices in London, Sydney, Auckland, Hong Kong, Singapore, Toronto, and San Francisco. It’s global expertise, delivered locally.

The OFX Group Limited is a publicly listed entity on the Australian Securities Exchange ("ASX") under the code "OFX." Canadian Forex Limited Trading as OFX. USForex Inc. dba OFX, a licensed money transmitter. NMLS #1021624. For more information, visit OFX.com.

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Joanna Weinstein
Kickstand Communications
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