Africa

Fourex: South African duo invent machine for 180 different currencies

Updated 9:00 AM ET, Fri April 29, 2016
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Customers queue up to use Fourex's currency machines in London's King's Cross station. Courtesy Fourex
Founders of Fourex Jeff Paterson and Oliver du Toit pose for the cameras with billionaire entrepreneur, Richard Branson. Courtesy Fourex
Pitching to Richard Branson and winning the "New Things" category of Virgin Media's "Pitch to Rich" competition was a "game-changer", said Paterson. Courtesy Fourex
Charity collectors (pictured) are big fans of the machines explained Fourex technician, James Tofalli. "We find that charities love this because they come with their buckets of mixed currencies," Tofalli said. Courtesy Fourex
A close-up of a machine at King's Cross station. CNN
Fourex co-founder Jeff Paterson with Richard Branson when his company won Virgin Media's Pitch to Rich competition in 2015. Courtesy Fourex
The machines accept notes and coins from 180 out of 200 currencies. "Anything with a value, we do," said Paterson. AFP/Getty Images