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Monex Financial Services Ltd is a privately owned company with headquarters in Killarney, Co Kerry. One of its main business activities is in dynamic currency conversion, allowing ATM users to pay the currency of their own card or the currency of the country where they are making a withdrawal. Frank Murphy, founder, owner and CEO, invented the Dynamic Currency Conversion (DCC) process in the mid-1990s. The Monex solution is used today by a number of banks and large merchants. Revenue at Monex was closing in on €100m in 2016 when the company expanded into 46 countries.

Financial Data

  • 31st Dec 21 Source: CRO
    • €62.7 million turnover
    • €3.3 million profit
    • 42 employees
  • 31st Dec 20 Source: CRO
    • €53.6 million turnover
    • €0.6 million profit
    • 43 employees


By Turnover

(€62.7 million)

By Employees

659th in Top Companies By Turnover
  • 42
  • €62.7 million


  • Frank Murphy CEO/Managing Director

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