Online money transfer companies play a crucial role in today's financial ecosystem, facilitating cross-border transactions for individuals and businesses alike. With the rise of digital finance, these companies simplify the movement of money across geographies, offering secure and efficient services tailored to specific needs. As competition intensifies, many firms are focusing on user-friendly platforms, faster transaction times, and lower fees. Innovations like blockchain and mobile-centric applications continue to reshape the industry, pointing to a future where these financial solutions are even more accessible and integral to global commerce.

This list features 26 noteworthy online money transfer companies, predominantly based in metropolitan hubs like London and Dubai. Founded between 1940 and 2018, they range in size from small ventures to larger corporations. These companies specialize in various services, such as digital wallets, speedy money transfers, and mobile payment solutions, demonstrating significant innovation across the sector.

Continue reading to learn more about standout online money transfer companies.

Top 26 Online Money Transfer Companies

1. Skrill, a Paysafe Experience

• Website: skrill.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United States (USA) 50%, Greece 12%, United Arab Emirates 12%, Other 25%
• Latest funding: $936.8M, March 2015
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn: skrill

Skrill, a Paysafe Experience, is a digital payment service headquartered in London, England. Established in 2001, the company specializes in providing online wallet solutions that facilitate money transfers, online payments, and cryptocurrency transactions. Skrill serves a broad audience, including individual consumers and businesses, offering a secure platform that allows users to manage their financial transactions without relying on traditional banking methods. The company has a significant presence in the online payment industry, with features that include international money transfers, the ability to send money to email addresses, and a prepaid card for easy spending. Skrill is also known for its commitment to security, ensuring that users' financial information remains protected. With a workforce distributed across various countries, including the USA, Greece, and the UAE, Skrill has a global reach. The company has received substantial funding, amounting to nearly $937 million, which underscores its growth potential and market relevance.

2. 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. is a prominent money transfer service headquartered in Dallas, Texas. Founded in 1940, the company has built a robust infrastructure that allows individuals and businesses to send and receive money securely and conveniently. MoneyGram operates a vast network of over 350,000 locations worldwide, facilitating transactions across borders. The company offers various services, including money transfers, bill payments, and money orders, catering to a wide range of customers. In recent years, MoneyGram has enhanced its digital capabilities, allowing users to send money online or via its mobile app, thus keeping pace with the evolving needs of consumers. This adaptability positions MoneyGram as a significant player in the money transfer sector.

3. 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, UK, specializing in international money transfers. Established in 2010, it has grown to serve over 8 million customers worldwide. The company provides various transfer methods, including bank transfers, cash pickups, mobile money, and airtime top-ups, allowing users to send money quickly and securely across borders. WorldRemit operates through a user-friendly online platform and 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. In January 2021, WorldRemit raised $275 million in funding, further solidifying its position in the market and enabling continued expansion and innovation in its services.

4. 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, it has grown to operate more than 260 branches across the UAE, employing over 4,000 staff members. The company serves a wide range of customers, including individuals and businesses, by offering secure and efficient remittance solutions. Al Ansari Exchange has embraced technology with a mobile app that allows users to send money online, enhancing convenience and accessibility. The company is recognized for its commitment to customer service and has received a high credit rating from Dun & Bradstreet, indicating its financial stability. Al Ansari Exchange processes millions of transactions each month, making it a significant player in the money transfer industry.

5. TransferWise

• Website: transferwise.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Latest funding: $200.0M, July 2020
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn: transferwise

Wise, formerly known as TransferWise, is a financial services company based in London, UK, that specializes in international money transfers and multi-currency accounts. Founded in 2011, Wise has transformed the way individuals and businesses manage their money across borders. The company allows users to send money at low costs, with a focus on transparency and competitive exchange rates. Wise has built a reputation for reliability, processing over $11 billion in transactions each month. With a multi-currency account used by millions, Wise enables users to hold and convert funds in over 40 currencies, making it an attractive option for those living or working internationally. The company has received significant venture capital funding, reflecting its strong market position and growth trajectory. Wise's mission is to create a world where money moves freely and fairly, without the high fees typically associated with traditional banking systems.

6. 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, headquartered in Buena Park, California, is a prominent player in the international remittance industry. Established in 1987, Ria has grown from a single store in New York City to a global network of over 507,000 locations in 190 countries. The company specializes in facilitating international money transfers, allowing individuals to send funds quickly and affordably to family and friends across borders. Ria offers a variety of financial services, including bill payments and mobile top-ups, catering to the needs of its customers. In 2007, Ria was acquired by Euronet Worldwide, a company known for processing secure electronic financial transactions. This acquisition has enabled Ria to expand its services and reach, further enhancing its capabilities in the money transfer market. Ria's commitment to providing competitive rates and low fees has made it a trusted choice for millions of users worldwide.

7. bKash Limited

• Website: bkash.com
• Ownership type: Venture Capital
• Headquarters: Dhaka, Dhaka, Bangladesh
• Employee distribution: Bangladesh 100%
• Latest funding: November 2021
• Founded year: 2010
• Headcount: 501-1000
• LinkedIn: bkash-limited

bKash Limited, founded in 2010 and based in Dhaka, Bangladesh, is a mobile financial service provider that specializes in offering money transfer, payment, and remittance services. With a workforce of approximately 4641 employees, bKash has positioned itself as a key player in the financial services industry, particularly for those in rural areas where traditional banking is less accessible. The company operates through a user-friendly mobile app and a USSD platform, allowing users to perform transactions without needing an internet connection. bKash's services include sending money, cashing out, mobile recharges, and facilitating remittances from abroad. The company has also partnered with various banks and money transfer organizations to enhance its service offerings, making it a crucial link for expatriates sending money back to their families in Bangladesh.

8. 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 firm based in Singapore, founded in 2014. The company specializes in international money transfers and currency exchange services, catering to both individuals and businesses. Instarem offers a platform that prioritizes user experience, enabling fast and cost-effective money transfers across borders. Customers benefit from transparent pricing structures, a rewards program known as InstaPoints, and the ability to track transactions in real-time. The company has garnered attention in the fintech space, having raised $41 million in funding, which underscores its growth potential and commitment to enhancing its services. Instarem operates in multiple countries, providing a reliable solution for those looking to send money internationally.

9. TransferGo

• Website: transfergo.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Lithuania 50%, Poland 27%, United Kingdom (UK) 16%, Other 6%
• Latest funding: $10.0M, April 2024
• Founded year: 2012
• Headcount: 201-500
• LinkedIn: transfergo

TransferGo is a financial service provider based in London, UK, specializing in international money transfers. Established in 2012, the company has grown to serve over 7 million customers, primarily targeting individuals, especially migrants, who need to send money to their families in over 160 countries. TransferGo's mobile app allows users to make fast and affordable transfers, often completing transactions in just a few minutes. The company prides itself on low fees, claiming to be significantly cheaper than traditional bank transfers. TransferGo is regulated by the Financial Conduct Authority (FCA) in the UK and operates under EU regulations, ensuring secure transactions. The company has also received substantial venture capital funding, with its latest round amounting to £10 million in April 2024, highlighting its ongoing growth and commitment to enhancing its services.

10. Xoom, A PayPal Service

• Website: xoom.com
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Guatemala 69%, United States (USA) 22%, Philippines 6%, Other 4%
• Latest funding: $890.0M, July 2015
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: xoom-corporation

Xoom, a PayPal Service, is a financial service provider based in San Francisco, California, specializing in online money transfers, mobile reloading, and bill payment services. Established in 2001, Xoom has carved out a niche in the international money transfer market, allowing customers to send money quickly and securely to over 160 countries. The platform is designed for individuals who need to manage financial transactions across borders, making it particularly useful for expatriates and families supporting relatives abroad. Xoom's services include cash pickup, bank deposits, and mobile wallet transfers, catering to a wide range of customer needs. The company is backed by PayPal, which adds a layer of trust and security to its operations. Xoom has also received significant funding, amounting to $890 million, which underscores its growth trajectory and commitment to enhancing its service offerings.

11. Wave Mobile Money

• Website: wave.com
• Ownership type: Venture Capital
• Headquarters: Dakar, Dakar, Senegal
• Employee distribution: Senegal 47%, Cote d'Ivoire (Ivory Coast) 30%, Mali 6%, Other 17%
• Latest funding: Other (Debt), $91.7M, July 2022
• Founded year: 2017
• Headcount: 1001-5000
• LinkedIn: wavemm

Wave Mobile Money, founded in 2017 and headquartered in Dakar, Senegal, is a financial services company dedicated to providing mobile money solutions across Africa. The company aims to make financial services accessible and affordable for individuals and businesses alike. Wave offers a range of services, including free deposits and withdrawals, low-cost money transfers at just 1%, and bill payment options. With a workforce of nearly 4,000 employees, Wave has established a significant presence in several African countries, including Senegal, Côte d'Ivoire, Mali, Burkina Faso, and Uganda. The company has received notable funding, with its last round amounting to approximately $91.7 million in July 2022, which underscores its growth trajectory and the trust investors place in its mission. Wave's commitment to building a cashless economy in Africa positions it as a vital player in the financial technology sector, particularly in regions where traditional banking is limited.

12. Unimoni

• Website: unimoni.com
• Ownership type: Private
• Headquarters: Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)
• Founded year: 2018
• Headcount: 5001-10000
• LinkedIn: unimoni

Unimoni is a financial services provider based in Abu Dhabi, UAE, that specializes in money transfer, foreign currency exchange, and payment solutions. Established in 2018, the company aims to facilitate secure and efficient financial transactions for both consumers and businesses. Unimoni operates through various customer touchpoints, including retail stores and digital platforms, allowing for a flexible approach to money movement. The company emphasizes customer-centricity and invests in technology to enhance user experience. With a presence in multiple countries, Unimoni seeks to simplify the complexities of cross-border transactions, making it easier for individuals and organizations to manage their financial needs.

13. Currencies Direct

• Website: currenciesdirect.com
• Ownership type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: India 40%, United Kingdom (UK) 24%, Spain 15%, Other 22%
• Latest funding: $183.4M, March 2022
• Founded year: 1995
• Headcount: 501-1000
• LinkedIn: currencies-direct

Currencies Direct is a financial services company based in London, England, specializing in currency exchange and international money transfers. Founded in 1996, the company has built a reputation for providing efficient and cost-effective solutions for managing international payments. They offer a range of services, including competitive exchange rates, online money transfers, and a multi-currency card. Currencies Direct serves a broad customer base, including individuals and businesses, and has expanded its operations to over 25 global offices, with a notable presence in Southern Europe. The company is authorized by the Financial Conduct Authority in the UK and the Bank of Spain, ensuring compliance with regulatory standards. In March 2022, Currencies Direct secured £183 million in funding, reflecting strong investor interest and positioning for future growth.

14. Pangea Money Transfer

• Website: pangeamoneytransfer.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 65%, Mexico 35%
• Latest funding: March 2021
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: pangea-payments

Pangea Money Transfer, established in 2012, is a corporate entity based in Chicago, Illinois, specializing in international money transfers. The company primarily serves individuals who wish to send money to family members in various countries, with a significant focus on markets such as Mexico and the Philippines. Pangea offers multiple transfer methods, including cash pick-up and direct bank deposits, ensuring flexibility for its users. The company prides itself on providing secure and swift transactions, which are essential in the money transfer industry. With a workforce of around 66 employees, Pangea has built a reputation for excellent customer service, as evidenced by its positive reviews on platforms like Trustpilot. The company operates in 24 countries, facilitating transfers in various currencies, and has established over 40,000 cash pick-up locations, enhancing accessibility for recipients. Pangea's commitment to innovation and customer satisfaction positions it as a noteworthy player in the online money transfer sector.

15. CurrencyFair

• Website: currencyfair.com
• Ownership type: Venture Capital
• Headquarters: Dublin, Dublin, Ireland
• Latest funding: Other (Debt), August 2018
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: currencyfair-com

CurrencyFair, founded in 2009 and based in Dublin, Ireland, is a financial services provider that focuses on international money transfers and currency exchange. The company has built a reputation for offering competitive rates and low-cost services, which help customers save on fees typically associated with traditional banking. CurrencyFair operates globally, allowing users to send and receive money in over 20 currencies across more than 150 countries. The platform is designed to be user-friendly, making it accessible for both personal and business transactions. With a customer base exceeding 150,000, CurrencyFair has demonstrated its capability in the industry. The company is regulated by the Central Bank of Ireland, ensuring compliance with financial regulations and enhancing customer trust. In 2021, CurrencyFair merged with Assembly Payments, further expanding its service offerings and market presence. This merger has allowed CurrencyFair to maintain its focus on consumer and small business needs while also catering to mid-market and enterprise-level clients through its new parent company, Zai.

16. Mukuru

• Website: mukuru.com
• Ownership type: Private
• Headquarters: Cape Town, Western Cape, South Africa
• Employee distribution: South Africa 72%, Zimbabwe 13%, Malawi 3%, Other 12%
• Founded year: 2004
• Headcount: 5001-10000
• LinkedIn: mukuru

Mukuru, founded in 2004 and based in Cape Town, South Africa, is a financial services provider that specializes in money transfers and remittances. The company primarily serves South African expatriates who require efficient and reliable methods to send money to their families and loved ones in various countries. Mukuru offers a range of services, including direct money transfers, the Mukuru Card, and funeral cover, which reflects their commitment to addressing the financial needs of their customers. With a workforce of over 2,000 employees, Mukuru has built a robust operational framework that supports its extensive network of cash payout locations. The company has not reported any recent funding, indicating a self-sustaining business model. Mukuru's focus on transparency, competitive rates, and customer support has made it a trusted choice for many individuals looking to navigate the complexities of cross-border transactions.

17. Wave Money

• Website: wavemoney.com.mm
• Ownership type: Corporate
• Headquarters: Yangon, Yangon, Myanmar
• Employee distribution: Myanmar 97%, Other 3%
• Latest funding: January 2022
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: digital-money-myanmar

Wave Money, founded in 2015 and headquartered in Yangon, Myanmar, is a mobile financial service provider that has transformed the way people in Myanmar conduct financial transactions. The company offers a range of services, including money transfers, bill payments, and a mobile wallet application known as WavePay. With a workforce of approximately 563 employees, Wave Money has established a vast network of over 65,000 agents, ensuring that its services reach even the most remote areas of the country. This extensive reach is crucial in a nation where traditional banking services are often inaccessible. Wave Money was the first company in Myanmar to receive a mobile financial services registration certificate from the Central Bank, highlighting its commitment to regulatory compliance and innovation. The company has also achieved profitability, becoming EBITDA positive just two years after its launch, which underscores its operational efficiency and market acceptance. WavePay allows users to perform various transactions, including cashing in and out, topping up mobile accounts, and making payments, all from their mobile devices. This positions Wave Money as a key player in the financial technology sector in Myanmar, catering to both consumers and businesses alike.

18. Xe.com

• Website: xe.com
• Ownership type: Private
• Headquarters: Bracknell, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 32%, United States (USA) 16%, Canada 14%, Other 38%
• Founded year: 1993
• Headcount: 501-1000
• LinkedIn: xecurrencyauthority

Xe.com, based in Bracknell, England, is a financial services company that has been operating since 1993. It specializes in online foreign exchange tools and international money transfers. Xe.com offers a comprehensive suite of services, including currency conversion, rate alerts, and historical currency data. The platform caters to both individual consumers and businesses, providing efficient cross-border payment solutions. With a workforce of over 500 employees, Xe.com has a significant presence in various countries, including the UK, USA, Canada, New Zealand, and Australia. The company has processed substantial volumes in international transfers, reflecting its operational scale and customer trust. Xe.com is owned by Euronet Worldwide, a publicly traded company, which adds to its credibility in the financial services industry.

19. Maya

• Website: maya.ph
• Ownership type: Private Equity
• Headquarters: Mandaluyong, Metro Manila, Philippines
• Employee distribution: Philippines 99%, Other 1%
• Latest funding: Convertible note, $210.0M, April 2022
• Founded year: 2013
• Headcount: 501-1000
• LinkedIn: mayaph

Maya, based in Mandaluyong, Metro Manila, Philippines, is a digital bank and financial services provider that has been operational since 2013. The company offers a comprehensive suite of services, including savings accounts, loans, credit cards, and digital payments, catering to both individual consumers and businesses. Maya operates primarily through its mobile app, which allows users to manage their finances conveniently. A notable feature of the app is its money transfer capability, enabling users to send money instantly using QR codes or usernames. This functionality is particularly appealing in a market where quick and efficient transactions are essential. Maya has also attracted significant investment, with its last funding round raising $210 million in April 2022, underscoring its growth potential and relevance in the financial technology sector. The company is regulated by the Bangko Sentral ng Pilipinas, ensuring compliance with local financial regulations.

20. LuLu Exchange

• Website: luluexchange.com
• Ownership type: Private
• Headquarters: Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 82%, Bahrain 5%, Kuwait 4%, Other 9%
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn: lulu-international-exchange

LuLu Exchange, officially known as LuLu International Exchange LLC, is a financial services company based in Abu Dhabi, United Arab Emirates. Established in 2008, the company specializes in money transfer and currency exchange services. It offers a comprehensive suite of services that includes wage and salary administration, corporate services, and various value-added services tailored for both individual consumers and businesses. LuLu Exchange operates a vast network of over 350 branches globally, with a significant concentration in the UAE, where it has more than 140 branches. The company prides itself on facilitating secure and efficient financial transactions across borders, serving over 15 million customers worldwide. Their innovative solutions, such as the LuLu Money app, enhance the user experience by providing easy access to money transfer services. LuLu Exchange is licensed by the Central Bank of the UAE, ensuring compliance with regulatory standards in the financial sector.

21. Sendwave (International Remittance)

• Website: sendwave.com
• Ownership type: Corporate
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Employee distribution: Kenya 33%, United States (USA) 29%, Senegal 14%, Other 24%
• Latest funding: $500.0M, August 2020
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: wavemoney

Sendwave is a financial technology company based in Washington, D.C., specializing in international money transfers. Established in 2014, Sendwave has developed a mobile application that allows users to send money to friends and family abroad quickly and at low fees. The company operates in various countries, providing services that cater to the needs of cross-border communities. With a workforce of approximately 171 employees, Sendwave has a significant presence in regions such as Kenya, the United States, and Senegal. The company prides itself on offering 24/7 customer support, ensuring that users can access assistance whenever needed. In 2020, Sendwave secured $500 million in funding, reflecting strong investor interest and confidence in its growth trajectory. The company is operated by Zepz and is authorized to transmit money in the US, Canada, the UK, and the EU, further solidifying its legitimacy in the financial services industry.

22. Paga Group Ltd

• Website: paga.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Nigeria 94%, Ethiopia 6%
• Latest funding: Series B, $10.0M, October 2021
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: pagatech-limited

Paga Group Ltd, based in London, England, is a financial services company that specializes in providing a platform for money transfers, bill payments, and mobile financial solutions. Established in 2009, Paga primarily serves consumers and businesses in Nigeria, where it plays a crucial role in enhancing access to financial services. The company operates through various channels, including mobile apps and a network of over 27,000 agents across the country. Paga allows users to send and receive money instantly using just a phone number or email address, making transactions straightforward and accessible. Additionally, Paga offers services such as bill payments for utilities and airtime top-ups, catering to the everyday financial needs of its users. The company has attracted significant investment, securing $10 million in its last funding round in October 2021, which underscores its growth trajectory and commitment to innovation in financial technology.

23. RemitBee

• Website: remitbee.com
• Ownership type: Venture Capital
• Headquarters: Mississauga, Ontario, Canada
• Employee distribution: Canada 60%, India 40%
• Latest funding: Seed, October 2015
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: remitbee

RemitBee is a financial services company based in Mississauga, Ontario, Canada, specializing in international money transfers and currency exchange. Founded by immigrant entrepreneurs, the company aims to simplify remittances for Canadians supporting their families abroad. Since its inception in 2015, RemitBee has evolved into a full-stack fintech startup, offering a range of services including mobile top-ups and business accounts. The platform is designed for both individual consumers and businesses, providing fast, secure, and cost-effective transactions. RemitBee is regulated by FINTRAC, ensuring compliance with Canadian financial regulations. The company prides itself on transparency, competitive rates, and a commitment to customer satisfaction, having saved users millions in fees and unfavorable exchange rates. With a workforce that includes a significant presence in India, RemitBee is well-positioned to cater to a global audience.

24. Venmo

• Website: venmo.com
• Ownership type: Corporate
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 84%, Mexico 4%, Guatemala 3%, Other 9%
• Latest funding: $800.0M, January 2014
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: venmo

Venmo, based in New York City, is a mobile payment service that has transformed how users send and receive money. Launched in 2009, it caters to both consumers and businesses, allowing for quick and easy transactions. Users can split bills, pay for services, or send money to friends with just a few taps on their smartphones. Venmo's unique social features enable users to share payment activities, making financial interactions feel more personal and engaging. The platform also supports business transactions, allowing merchants to accept payments seamlessly. Venmo operates under the PayPal umbrella, which enhances its credibility and reach in the financial technology space. With a workforce of around 641 employees, Venmo continues to innovate and expand its offerings, including options for cryptocurrency transactions and various payment methods through debit and credit cards.

25. 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, headquartered in San Francisco, California. It focuses on providing payment infrastructure and solutions for global merchants and payment service providers. Flutterwave's services include money transfers, payment processing, and e-commerce solutions, enabling businesses to accept payments in various currencies and locations. The company has a significant presence in Africa, with a workforce that is predominantly based in Nigeria, and it operates in several other countries, including the United States and the United Kingdom. Flutterwave's Send App allows users to make international transfers to local bank accounts and mobile money wallets, emphasizing speed and low-cost transfer fees. The company is ISO 27001 and 22301 certified, ensuring robust security and business continuity practices. Flutterwave has positioned itself as a key player in the fintech industry, facilitating international commerce and enhancing payment solutions for its customers.

26. Al Fardan Exchange L.L.C.

• Website: alfardanexchange.com
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 98%, Other 2%
• Founded year: 1971
• Headcount: 1001-5000
• LinkedIn: al-fardan-exchange

Al Fardan Exchange L.L.C. is a prominent financial services provider based in Dubai, UAE, founded in 1971. The company specializes in money transfer, foreign exchange, and payroll services, catering to both individual consumers and businesses. With a workforce of approximately 1,277 employees, Al Fardan Exchange operates over 85 branches across the UAE, ensuring accessibility for its customers. The company is licensed by the Central Bank of the UAE, which underscores its commitment to regulatory compliance and financial integrity. Al Fardan Exchange offers a range of services, including quick and easy money transfers worldwide, competitive foreign exchange rates, and value-added services tailored to everyday financial needs. Their mobile application, AlfaPay, allows users to send money conveniently, reflecting their adaptation to modern digital trends in financial transactions.

Online Money Transfer Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Skrill, a Paysafe Experience	London, England, United Kingdom (UK)	1001-5000	2001	Corporate
MoneyGram	Dallas, Texas, United States (USA)	1001-5000	1940	Corporate
WorldRemit	London, England, United Kingdom (UK)	1001-5000	2010	Venture Capital
Al Ansari Exchange	Dubai, Dubai, United Arab Emirates (UAE)	1001-5000	1966	Private
TransferWise	London, England, United Kingdom (UK)	1001-5000	2011	Venture Capital
Ria Money Transfer	Buena Park, California, United States (USA)	1001-5000	1987	Corporate
bKash Limited	Dhaka, Dhaka, Bangladesh	501-1000	2010	Venture Capital
Instarem.	Singapore	201-500	2014	Venture Capital
TransferGo	London, England, United Kingdom (UK)	201-500	2012	Venture Capital
Xoom, A PayPal Service	San Francisco, California, United States (USA)	201-500	2001	Corporate
Wave Mobile Money	Dakar, Dakar, Senegal	1001-5000	2017	Venture Capital
Unimoni	Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)	5001-10000	2018	Private
Currencies Direct	London, England, United Kingdom (UK)	501-1000	1995	Private Equity
Pangea Money Transfer	Chicago, Illinois, United States (USA)	51-200	2012	Corporate
CurrencyFair	Dublin, Dublin, Ireland	51-200	2009	Venture Capital
Mukuru	Cape Town, Western Cape, South Africa	5001-10000	2004	Private
Wave Money	Yangon, Yangon, Myanmar	201-500	2015	Corporate
Xe.com	Bracknell, England, United Kingdom (UK)	501-1000	1993	Private
Maya	Mandaluyong, Metro Manila, Philippines	501-1000	2013	Private Equity
LuLu Exchange	Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)	1001-5000	2008	Private
Sendwave (International Remittance)	Washington, D.C., District Of Columbia, United States (USA)	51-200	2014	Corporate
Paga Group Ltd	London, England, United Kingdom (UK)	201-500	2009	Venture Capital
RemitBee	Mississauga, Ontario, Canada	51-200	2015	Venture Capital
Venmo	New York, New York, United States (USA)	201-500	2009	Corporate
Flutterwave	San Francisco, California, United States (USA)	201-500	2016	Venture Capital
Al Fardan Exchange L.L.C.	Dubai, Dubai, United Arab Emirates (UAE)	1001-5000	1971	Private

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