BuysideFX shuts up shop

Google-backed FX vendor closes business

Closed sign in a shop showroom with reflections
BuysideFX was set to launch on July 1

Foreign exchange start-up platform BuysideFX, which was set to launch on July 1, has closed down after a key deal with a major global FX manager fell through, according to one of the five co-founders of the Boston-based firm.

Chief executive Ty Danco confirmed to FX Week that the firm has closed, despite receiving $2 million from Google Ventures, the venture capital arm of the internet giant, as well as investment from Atlas Venture, FreshTracks Capital and Boston Seed Capital.

BuysideFX also

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