The cross-border payment platform industry enables global financial transactions, allowing businesses and individuals to send money across countries efficiently. Companies in this space focus on facilitating international transfers, multi-currency accounts, and real-time payment solutions. With the rise of digital commerce and globalization, the industry is predicted to grow rapidly, catering to the increasing demand for seamless, low-cost remittances. Innovators bring technological advancements like blockchain and mobile solutions into play, enhancing transaction security and speed. Companies are also adapting to regulatory changes and market dynamics to remain competitive as consumer expectations continue to evolve.

This list comprises 23 notable companies specializing in cross-border payments. Most are based in the United States, while others are based in the UK, China, and various locales worldwide. Founded between 1940 and 2019, these companies range from established giants like MoneyGram to agile startups like Flutterwave. They offer essential services including money transfers, currency exchange, and payment processing. With workforce sizes varying from small to large teams, they cater to both individual consumers and businesses, showcasing unique strengths in this growing industry.

Read on to discover the top cross-border payment platform companies.

Top 23 Cross Border Payment Platforms Companies

1. MoneyGram

• Website: moneygram.com
• Ownership type: Corporate
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 35%, Poland 26%, India 9%, Other 31%
• Latest funding: August 2023
• Founded year: 1940
• Headcount: 1001-5000
• LinkedIn: moneygram-international

MoneyGram International, Inc., founded in 1940 and headquartered in Dallas, Texas, is a prominent money transfer service that specializes in peer-to-peer payment solutions for both individuals and businesses. The company operates a vast network of over 350,000 locations worldwide, allowing customers to send and receive money with ease and security. MoneyGram's services include not only traditional money transfers but also bill payments and money orders, making it a versatile option for various financial needs. The company has adapted to modern demands by offering online and mobile app services, enhancing the convenience of its offerings. MoneyGram's commitment to providing reliable and accessible payment solutions has solidified its role in the cross-border payment industry.

2. UnionPay International

• Website: unionpayintl.com
• Ownership type: Venture Capital
• Headquarters: Shanghai, Shanghai, China
• Employee distribution: China 36%, United States (USA) 7%, Hong Kong S.A.R 6%, Other 51%
• Latest funding: January 2015
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: unionpay-international

UnionPay International, founded in 2012 and headquartered in Shanghai, China, is a payment processing company that specializes in a variety of financial services. The company offers mobile payment solutions, card products, and cross-border remittance services, catering to both individual consumers and businesses. UnionPay International operates in 183 countries, providing secure and convenient payment methods that facilitate transactions for travelers and merchants alike. Their services are designed to meet the needs of a global clientele, ensuring that users can access their funds and make payments seamlessly across borders. The company has established a strong presence in the international payment market, focusing on enhancing the user experience through innovative solutions such as mobile payments and QR code transactions.

3. Flutterwave

• Website: flutterwave.com
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Nigeria 70%, United States (USA) 14%, United Kingdom (UK) 4%, Other 12%
• Latest funding: March 2023
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: flutterwave

Flutterwave is a fintech company founded in 2016 and headquartered in San Francisco, California. It provides payment infrastructure and solutions tailored for global merchants and payment service providers. The company enables businesses to accept payments from various locations and currencies, making it easier for them to engage in international commerce. Flutterwave operates primarily in Africa, with a significant presence in Nigeria, and has expanded its services to other regions, including the United States and the United Kingdom. The company offers a range of services, including money transfers, payment processing, and e-commerce solutions. Its Send App allows users to make international transfers quickly and at low costs, supporting various payment methods such as bank transfers and mobile money. Flutterwave's commitment to security is underscored by its ISO certifications and compliance with industry standards, ensuring safe transactions for its users.

4. Nium

• Website: nium.com
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: India 61%, United States (USA) 9%, Singapore 7%, Other 23%
• Latest funding: Series E-K, $50.0M, June 2024
• Founded year: 2016
• Headcount: 501-1000
• LinkedIn: nium-open-money

Nium is a financial technology company based in San Francisco, California, specializing in cross-border payments and remittances. Founded in 2016, Nium has quickly grown to employ over 1,000 people, with a significant portion of its workforce located in India. The company provides a range of services designed to simplify international transactions, including Global Payins, Global Payouts, and foreign exchange solutions. Nium's platform allows businesses and financial institutions to execute real-time transactions, which is crucial for navigating the complexities of global payments. The company has recently raised $50 million in a Series E-K funding round in June 2024, reflecting its ongoing growth and relevance in the industry. Nium operates in more than 220 markets, offering services that include issuing physical and virtual cards, managing foreign exchange, and providing a robust API for developers. This extensive network and commitment to innovation position Nium as a significant player in the cross-border payment sector.

5. WorldRemit

• Website: worldremit.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 38%, Philippines 29%, Poland 15%, Other 18%
• Latest funding: Other (Debt), $275.0M, January 2021
• Founded year: 2010
• Headcount: 1001-5000
• LinkedIn: worldremit

WorldRemit is a financial technology company based in London, England, specializing in international money transfers. Established in 2010, it has grown to serve over 8 million customers worldwide. The company provides various services, including bank transfers, cash pickups, and mobile money, allowing users to send money across borders efficiently and securely. WorldRemit operates through a user-friendly online platform and a mobile app, ensuring a seamless experience for its customers. The company is licensed and regulated by financial authorities in multiple jurisdictions, which underscores its commitment to security and compliance. With a significant last funding amount of $275 million in January 2021, WorldRemit continues to innovate and expand its offerings in the competitive landscape of cross-border payments.

6. PingPong Payments

• Website: pingpongx.com
• Ownership type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Employee distribution: China 50%, United States (USA) 11%, Vietnam 8%, Other 30%
• Latest funding: January 2022
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: pingpongpayments

PingPong Payments is a fintech company based in New York, specializing in cross-border payment solutions. Established in 2015, it has quickly grown to serve over 1 million businesses, including e-commerce sellers and fintechs. The company offers a variety of services such as receiving accounts, supplier payments, and a multi-currency wallet, facilitating seamless financial transactions across borders. With a strong global presence, PingPong operates in multiple countries and has established partnerships with major banks to ensure compliance and security. The company has processed over $200 billion in transactions, showcasing its capability to handle significant volumes of cross-border payments. PingPong's commitment to simplifying financial processes for its clients is evident in its robust technical infrastructure and extensive compliance practices, making it a notable player in the industry.

7. Currencycloud

• Website: currencycloud.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 85%, Netherlands 6%, Singapore 5%, Other 4%
• Latest funding: $964.1M, July 2021
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: the-currency-cloud

Currencycloud is a financial technology company based in London, UK, specializing in international payment solutions. Established in 2012, the company provides a comprehensive platform that enables banks, fintechs, and FX brokers to manage cross-border payments efficiently. Their services include real-time currency conversion, transaction management, and API integration, allowing clients to enhance their service offerings and streamline operations. Currencycloud has gained recognition for its ability to support startups and established financial institutions alike, helping them navigate the complexities of global payments. The company has received significant funding, totaling approximately $964 million as of July 2021, which underscores its growth trajectory and the trust placed in its innovative solutions. With a focus on reducing friction in traditional payment methods, Currencycloud continues to play a vital role in the evolution of cross-border financial transactions.

8. WorldFirst

• Website: worldfirst.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 51%, Australia 13%, China 10%, Other 26%
• Latest funding: $700.0M, February 2019
• Founded year: 2004
• Headcount: 1001-5000
• LinkedIn: world-first

WorldFirst, founded in 2004 and headquartered in London, is a financial services company that specializes in international payments and currency exchange tailored for small and medium-sized enterprises (SMEs). The company offers a unified platform that allows businesses to collect, pay, convert, and manage their international transactions efficiently. With operations in over 200 countries, WorldFirst supports its clients in navigating the complexities of cross-border trade. The company has established a strong network, enabling users to receive payments in 20+ currencies and make payments to 200+ countries in 90+ currencies. In 2019, WorldFirst secured $700 million in funding, reflecting its growth trajectory and the increasing demand for its services. Their commitment to providing competitive foreign exchange rates and fast transaction processing further enhances their appeal to SMEs looking to expand globally.

9. Airwallex

• Website: airwallex.com
• Ownership type: Private Equity
• Headquarters: Hong Kong S.A.R
• Employee distribution: China 28%, Singapore 21%, Australia 16%, Other 35%
• Latest funding: Series E-K, $100.0M, October 2022
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: airwallex

Airwallex is a financial technology company based in Hong Kong, founded in 2015. The company specializes in providing a platform for businesses to manage cross-border payments and financial operations. Airwallex offers a variety of services, including business accounts, payment processing, expense management, and transactional foreign exchange. Their technology allows businesses to accept payments in multiple currencies, issue multi-currency cards, and make fast global payouts. With a presence in key markets such as China, Singapore, Australia, the United States, and the United Kingdom, Airwallex has built a proprietary banking network that enhances the efficiency of financial transactions. The company has raised over $900 million in funding, reflecting strong investor interest and support for its mission to simplify global financial operations for businesses of all sizes.

10. Al Ansari Exchange

• Website: alansariexchange.com
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 98%, Other 2%
• Founded year: 1966
• Headcount: 1001-5000
• LinkedIn: al-ansari-exchange

Al Ansari Exchange is a financial services company based in Dubai, UAE, specializing in money transfer and foreign exchange services. Founded in 1966, the company has grown to operate over 260 branches throughout the UAE, serving millions of customers each month. Al Ansari Exchange offers a range of services, including online money transfers, foreign exchange, prepaid cards, and corporate payment solutions. Their mobile app enhances customer convenience, allowing users to send money and manage transactions easily. The company has established partnerships with over 250 banks and agents worldwide, facilitating secure and efficient remittance solutions. Al Ansari Exchange is regulated by the Central Bank of the UAE and has received a high credit rating from Dun & Bradstreet, reflecting its financial stability and reliability in the industry.

11. TransferMate Global Payments

• Website: transfermate.com
• Ownership type: Venture Capital
• Headquarters: Kilkenny, Kilkenny, Ireland
• Employee distribution: Bulgaria 41%, Ireland 34%, Philippines 7%, Other 19%
• Latest funding: Series C, $70.0M, May 2022
• Founded year: 2008
• Headcount: 201-500
• LinkedIn: transfermate

TransferMate Global Payments, based in Kilkenny, Ireland, is a payment technology company that specializes in international payments and cross-border transactions. Founded in 2008, TransferMate aims to simplify the complexities of global payments for businesses and educational institutions. The company offers a digital platform that integrates seamlessly with various financial institutions and software providers, allowing users to manage payables and receivables efficiently. With a focus on reducing costs and enhancing transaction speed, TransferMate has built a global payments network that operates in over 200 countries and territories, supported by 92 licenses. The company has processed over $60 billion in annualized funds and completed more than 3 million transactions yearly. In 2022, TransferMate achieved unicorn status, reflecting its rapid growth and the confidence of investors, having raised $70 million in its latest funding round. Their commitment to compliance and security further solidifies their position in the industry, making them a trusted partner for businesses looking to navigate the complexities of international payments.

12. Leatherback

• Website: leatherback.co
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 50%, Nigeria 50%
• Latest funding: Pre-seed, $9.9M, April 2022
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: rexelpay

Leatherback is a fintech company based in London, England, founded in 2019. It specializes in cross-border payments and financial services, providing a range of solutions that include multi-currency accounts, money transfers, and payment processing tools tailored for both individuals and businesses. The company is committed to simplifying global trade and enhancing financial mobility, operating in various markets worldwide. With a workforce split evenly between the UK and Nigeria, Leatherback is well-positioned to address the needs of users in emerging markets. The company has received significant funding, totaling approximately 9.9 million dollars in its last round in April 2022, which supports its growth and innovation in the financial technology space. Leatherback is authorized by the Financial Conduct Authority as an Electronic Money Institution, ensuring compliance with regulatory standards in its operations.

13. Paysera

• Website: paysera.com
• Ownership type: Private
• Headquarters: Vilnius, Vilnius, Lithuania
• Employee distribution: Lithuania 63%, Bulgaria 9%, Morocco 7%, Other 22%
• Founded year: 2004
• Headcount: 201-500
• LinkedIn: paysera

Paysera, founded in 2004 and based in Vilnius, Lithuania, is a financial services company that specializes in payment processing, currency exchange, and money transfers. With a workforce of approximately 275 employees, Paysera serves both businesses and consumers, offering tools for efficient financial management through their mobile app and online platforms. The company operates a payment gateway that supports e-commerce transactions, enabling merchants to accept payments via various methods, including cards and bank transfers. Paysera also provides a ticketing system for events and facilitates cash pickup transfers, particularly to Ukraine, in collaboration with local banks. Their services are designed to streamline financial operations and enhance user experience, making them a relevant player in the cross-border payment industry.

14. Instarem.

• Website: instarem.com
• Ownership type: Venture Capital
• Headquarters: Singapore
• Latest funding: $41.0M, March 2019
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: instaremit

Instarem is a financial technology company based in Singapore, founded in 2014. It specializes in international money transfers and currency exchange services, catering to both individuals and businesses. The platform is designed to facilitate quick and cost-effective money transfers across borders, offering competitive rates and transparent pricing. Customers can benefit from features such as real-time transaction tracking and a rewards program that allows them to earn points on their transfers. Instarem has received significant funding, with a reported $41 million raised in 2019, which underscores its growth potential and commitment to enhancing its services. The company operates in multiple countries, making it a relevant player in the cross-border payment industry.

15. Transfast, a Mastercard Company

• Website: transfast.com
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: India 36%, Philippines 14%, Mexico 13%, Other 36%
• Latest funding: March 2017
• Founded year: 1988
• Headcount: 501-1000
• LinkedIn: transfast

Transfast, a Mastercard Company, is a financial services provider based in New York, specializing in international money transfers and cross-border payments. Founded in 1988, the company has built a robust infrastructure that facilitates efficient and cost-effective remittance services for both consumers and businesses. Transfast operates a direct-to-bank network, allowing users to send money directly to bank accounts across various countries. Additionally, it offers numerous cash payout points globally, catering to a wide range of customer needs. With a significant employee distribution in countries like India, the Philippines, and Mexico, Transfast demonstrates its commitment to serving diverse markets and enhancing its operational capabilities in the cross-border payment space.

16. LianLian

• Website: lianlianpay.com
• Ownership type: Venture Capital
• Headquarters: Hangzhou, Zhejiang, China
• Employee distribution: China 86%, United States (USA) 5%, Singapore 3%, Other 7%
• Latest funding: $10.9M, August 2020
• Founded year: 2013
• Headcount: 1001-5000
• LinkedIn: lianlian-pay-inc-

LianLian, based in Hangzhou, Zhejiang, China, is a financial technology company that specializes in payment processing solutions. Since its inception in 2013, LianLian has focused on providing a range of services, including cross-border payments, mobile payment solutions, and API integrations tailored for both businesses and consumers. The company primarily serves the e-commerce and retail sectors, enabling efficient transactions in both domestic and international markets. With a workforce of over 1,000 employees, LianLian has expanded its reach beyond China, with a presence in the United States, Singapore, Luxembourg, Brazil, and other countries. In August 2020, LianLian secured funding amounting to approximately $10.9 million, reflecting its growth trajectory and the confidence of investors in its operational model. LianLian's commitment to innovation and its strategic partnerships further enhance its position in the competitive payment processing landscape.

17. Aza

• Website: azafinance.com
• Ownership type: Venture Capital
• Headquarters: Nairobi, Nairobi, Kenya
• Latest funding: Other (Grant), $100,000, October 2024
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: aza

Aza Finance, founded in 2013 and based in Nairobi, Kenya, is a fintech company that specializes in cross-border payment solutions and foreign exchange services. The firm supports businesses across Africa by offering treasury management, payment processing, and collections services. Aza's platform is designed to facilitate transactions in over 30 currencies, making it a vital partner for companies looking to navigate the complexities of financial operations in frontier markets. The company has established itself as a trusted gateway for remittance providers and multinational corporations, leveraging its robust API and web platform to enhance transaction efficiency. Aza is regulated by several financial authorities, including the Bank of Uganda and the UK Financial Conduct Authority, ensuring compliance and security in its operations. Recently, Aza received a grant of $100,000 in funding, reflecting continued investment in its growth and service capabilities.

18. Ria Money Transfer

• Website: riamoneytransfer.com
• Ownership type: Corporate
• Headquarters: Buena Park, California, United States (USA)
• Employee distribution: United States (USA) 19%, Spain 18%, Mexico 10%, Other 53%
• Latest funding: $380.0M, November 2006
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn: ria-financial

Ria Money Transfer, founded in 1987 and headquartered in Buena Park, California, is a prominent money transfer service that focuses on international remittances. The company operates a vast network of over 507,000 locations worldwide, allowing customers to send money quickly and affordably to over 190 countries. Ria serves individual consumers who need to transfer funds to family and friends across borders, offering various financial services such as bill payments and mobile top-ups. Acquired by Euronet Worldwide in 2007, Ria has expanded its reach significantly, establishing a presence in key markets including the United States, Spain, Mexico, and El Salvador. The company has facilitated millions of transactions, demonstrating its commitment to providing reliable and efficient money transfer solutions.

19. BeeTech.global

• Website: remessaonline.com.br
• Ownership type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Latest funding: January 2022
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: beetech.global

BeeTech.global, known as Remessa Online, is a financial technology company based in São Paulo, Brazil. Founded in 2016, the company focuses on international money transfers, providing a platform that enables both individuals and businesses to send and receive funds across borders efficiently. Remessa Online distinguishes itself by offering lower fees compared to traditional banks, making it an attractive option for users. The platform features a straightforward interface that simplifies transaction management, and it includes tools such as global accounts and invoice generation. The company has positioned itself to serve a wide range of needs, from personal remittances to business transactions, and it supports transfers to over 100 countries. This broad reach and commitment to user-friendly service underscore its role in the cross-border payment industry.

20. Moneycorp

• Website: moneycorp.com
• Ownership type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 71%, United States (USA) 12%, Ireland 5%, Other 12%
• Latest funding: $351.8M, August 2014
• Founded year: 1979
• Headcount: 501-1000
• LinkedIn: moneycorp

Moneycorp, founded in 1979 and headquartered in London, is a financial services company specializing in international payments and foreign exchange solutions. With a workforce of around 801 employees, the company has evolved from a domestic bureau de change to a significant player in the global payments market. Moneycorp offers a wide array of services, including foreign exchange spot and forward contracts, as well as risk management products tailored for corporate clients, financial institutions, and high net worth individuals. Their digital platform allows clients to efficiently manage payments across over 120 currencies, facilitating transactions to 190 countries. Moneycorp operates with a strong regulatory framework, holding 62 financial services licenses, including two banking licenses. Their commitment to client satisfaction is reflected in their high Net Promoter Score and various industry awards, including recognition as one of the top 100 cross-border payment companies. The company has also participated in the Federal Reserve's Foreign Bank International Cash Services program, enhancing its capabilities in the currency exchange market.

21. Veem

• Website: veem.com
• Ownership type: Private Equity
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Canada 61%, United States (USA) 30%, India 4%, Other 6%
• Latest funding: Series C, $31.0M, September 2020
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: veem

Veem is a financial technology company based in San Francisco, California, founded in 2014. The company focuses on providing payment processing solutions tailored for businesses, particularly in the realm of international transactions. Veem's platform allows organizations to manage their financial transactions with ease, offering features such as bank transfers, digital invoicing, and real-time payment tracking. The company serves over 100 countries and supports multiple payment methods, including credit cards and checks. With a workforce of approximately 107 employees, Veem has established a significant presence in the fintech industry. The company has raised $31 million in funding as of September 2020, which underscores its growth potential and relevance in the cross-border payment sector.

22. EMQ Inc.

• Website: emq.com
• Ownership type: Private Equity
• Headquarters: Hong Kong S.A.R
• Employee distribution: Taiwan 44%, Malaysia 19%, Hong Kong S.A.R 9%, Other 28%
• Latest funding: Series B, $20.0M, July 2020
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: emq

EMQ Inc. is a financial technology company based in Hong Kong, founded in 2014. The firm specializes in providing a comprehensive suite of cross-border payment solutions through an API-driven platform. EMQ caters to a wide range of clients, including businesses, banks, and payment service providers, enabling them to conduct real-time transactions efficiently. The company’s infrastructure is designed to enhance customer experiences by offering speed, transparency, and operational efficiency. With a significant presence in markets such as Taiwan, Malaysia, and Indonesia, EMQ has built a robust global network that supports various payment use cases, including international business payments, consumer payments, and services tailored for the gig economy. In July 2020, EMQ secured $20 million in Series B funding, further solidifying its position in the financial technology landscape and demonstrating its potential for growth in the cross-border payment sector.

23. Machnet

• Website: machnetinc.com
• Ownership type: Venture Capital
• Headquarters: Milpitas, California, United States (USA)
• Employee distribution: Nepal 77%, United States (USA) 23%
• Latest funding: Seed, $300,000, March 2021
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: machnet-inc

Machnet Technologies, Inc. is a financial technology company based in Milpitas, California, founded in 2018. The company focuses on providing innovative solutions for international money transfers, catering to both businesses and consumers. Machnet's platform enables users to facilitate cross-border payments, manage digital wallets, and ensure compliance with financial regulations. They offer a comprehensive suite of services, including white-label applications for money transfer businesses, global payout capabilities, and tools for payroll management. With a significant portion of their workforce located in Nepal, Machnet has established a global presence. The company has received seed funding of $300,000 in March 2021, which supports its growth and development in the competitive fintech landscape.

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