Foreign exchange (FX)

If there is any foreign exchange (FX) required during the completion of the deal, please note that Odin may charge extra fees. Odin only supports FX in the following scenario:

• The investee company requires funds to be wired in an alternative currency to the one you’ve denominated the deal in. E.g. You’ve closed a deal for a Norwegian investee company in USD, but they require the funds to be transferred in NOK (Norwegian Krone).
• In this scenario, you must inform either Odin’s Customer Support team or Odin’s Deal Operations team of the change being made. Odin will then communicate the final costs and (if relevant) how the decision will affect the final investment amount being sent to the investee company.
• Please note, we do not support individual investors with eg. sending GBP for a USD denominated deal. The investors must handle the FX themselves and require wire the correct currency to Odin. If we need to convert an investor’s payment, they will receive the live rate on Wise.
• Please note, Odin does not support investor-level FX by default. For example, an investor should not wire in GBP for a deal which is denominated in USD. If this happens, Odin can either refund the investor, or convert their payment at the live rate from Wise, which could reduce the overall value of their investment. Our recommendation is for investors to handle FX via their bank, or to use a multi-currency account like Wise or Revolut.