BFC Group Holdings was set up in January 2009, when the Islamic Financial Services Group – Bank Alkhair B.S.C (c) (formerly known as Unicorn Investment Bank), successfully completed its acquisition of a significant stake in Bahrain Financing Company (BFC).
BFC is a leading money transfer and foreign exchange company based in the GCC. Established in 1917, it was the very first foreign exchange firm in Bahrain and has a long-established, well-trusted reputation for always moving money smartly, efficiently, dependably and at the best rates available. The acquisition also included Bahrain Exchange Company (BEC) in Kuwait, BFC Exchange Limited (formerly named EzRemit Limited) in the United Kingdom and BFC Forex & Financial Services PVT Ltd (BFC Forex) in India. Following this acquisition, BFC Group Holdings was established as the holding company for the four individual businesses.
BFC Group maintains a network of over 90 strategically located branches throughout Bahrain, Kuwait, the UK and India. In addition it is present in over 30 countries with more than 44,000 agent locations worldwide, through its own money transfer product ‘EzRemit’ and has an extensive global reach of over 200 countries through its partnership with MoneyGram, a leading international money transfer company.
BFC Group maintains its leadership by continually evolving to meet market demands and strives to gain recognition as a regional leader in the money transfer industry. BFC Group is a Shariah-compliant group of companies.