What PEXX does

PEXX is a mobile-first fintech platform founded in 2024 and incorporated in New South Wales, Australia as PEXX Technology Pty Ltd, with operational focus on Southeast Asia (founder Marcus Lim is Singapore-based). The company positions itself as the "world's first stablecoin bank," combining stablecoin holdings (USDT, USDC) with regulated banking infrastructure to deliver USD accounts, debit cards, and cross-border transfers. Its core technology converts stablecoins into local fiat currencies across 20+ currencies and settles via SWIFT, Fedwire, ACH, and RTP rails provided through a banking partnership with SSB Bank; cards are issued on Mastercard networks (Visa support was discontinued in January 2026), with acceptance in 180+ countries and integration with Apple Pay and Google Pay. PEXX has also launched a yield product (PEXX Earn, up to 4% APY on USD/USDT/USDC, backed by tokenized US Treasury Bonds), a travel eSIM service, a hotel booking product (PEXX Travel), and acquired blockchain media brand Chain Debrief.

The platform operates primarily as a direct-to-consumer, product-led model with self-serve mobile onboarding, targeting individual consumers (travelers, expats, freelancers, digital nomads) needing cross-border transfers, stablecoin off-ramps, and USD access without US residency; a secondary SMB segment is addressed for international business payments and multi-currency management. Revenue is generated through transaction fees — a 0.6% card transaction fee, 1.2% FX markup on non-USD purchases, 2% ATM withdrawal fees (minimum $2), authentication/decline fees, and a yield spread on Earn balances — alongside zero top-up fees on USDT, USDC, or USD deposits. Marketing is community-led and referral-driven, with presence across the App Store, Google Play, Telegram, X, and Instagram, and coverage in outlets including Binance, Tech in Asia, Business Insider, and CoinMarketCap. The company holds AUSTRAC DCE and Independent Remittance Dealer registrations plus FinCEN MSB registration, and reports 150,000+ registered users globally across 50+ supported countries.

Name

PEXX

Legal name

PEXX Technology Pty Ltd

Website

https://pexx.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

PEXX is a mobile-first fintech founded in 2024 that combines stablecoins (USDT, USDC) with regulated banking rails to offer USD accounts, Mastercard debit cards, cross-border transfers, and yield accounts. It serves individuals and SMBs — particularly travelers, freelancers, and diaspora users across Southeast Asia and global corridors.

Ownership category

akta.pro rank

Product category

Cross-Border Payments and Stablecoin Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199)

akta.pro primary industry

On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)

Keywords

• Stablecoin banking
• Cross-border payments
• USD virtual accounts
• Stablecoin debit cards
• Remittance services

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations, Supply Chain

Revenue model

1. Card Transaction Fees: PEXX charges a 0.6% platform fee on every card transaction. This applies to purchases made with the PEXX debit card globally.
2. Foreign Exchange Markup: 1.2% FX markup applied when converting currencies for non-USD purchases. No FX fee for merchants based in Hong Kong (Visa) or United States (Mastercard).
3. ATM Withdrawal Fees: 2% withdrawal fee with minimum $2 charge for ATM withdrawals with the physical PEXX Card. Additional admin costs may be charged by the bank.
4. Card Authentication Fees: VISA or Mastercard authentication fees of 0.10-0.50 USD charged per transaction, regardless of success. Additional fees for zero-authorisation transactions (card binding).
5. Interest on USD/Earn Accounts: Yield earned on USD, USDT, and USDC holdings through PEXX Earn, backed by tokenized U.S. Treasury Bonds. Users earn up to 4% APY.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

PEXX operates a mobile-first stablecoin banking platform that converts USDT and USDC into local fiat currencies with direct bank transfers in 20+ countries, alongside USD virtual bank accounts powered by SSB Bank with full SWIFT, Fedwire, ACH, and RTP rails. Users access global Visa and Mastercard debit cards (accepted in 180+ countries), earn up to 4% APY on USD and stablecoin balances backed by tokenized U.S. Treasury Bonds, and make QR payments across Southeast Asia without local e-wallets, all through a single iOS and Android application.

Product overview

PEXX is a unified fintech platform operating as the 'world's first stablecoin bank,' built around a core stablecoin-to-fiat payment infrastructure. The platform combines multiple products: PEXX Send (cross-border transfers), PEXX USD Account (virtual USD banking with SSB Bank rails), PEXX Card (virtual and physical Mastercard debit cards), PEXX Earn (up to 4% APY on USD and stablecoins backed by US Treasuries), PEXX eSIM (travel mobile data), and PEXX Travel (hotel booking with 4% cashback). The platform also acquired Chain Debrief (blockchain media) and offers PEXX QR Payments for Southeast Asian markets. All services are accessible through a single mobile app with regulatory registrations including AUSTRAC DCE and MSB with FinCEN.

Differentiator

Problem solved

Functional benefit

Brands

• Chain Debrief: Singapore-based blockchain media platform acquired by PEXX, providing blockchain content, community insights, and educational resources.

Products and services

• PEXX Send International money transfer service enabling users to send USD and stablecoins (USDT, USDC) directly to bank accounts worldwide in 20+ currencies with real-time FX rates, transparent fees, and 15–30 minute typical settlement. Available to verified individual and business users of the PEXX app.
• PEXX USD Account Virtual US Dollar bank account powered by SSB Bank that provides real USD banking details (routing and account numbers) without requiring a US address, SSN, or residency. Supports deposits and transfers via ACH, Fedwire, SWIFT, and RTP rails. Openable by any PEXX user completing Level 1 KYC.
• PEXX Virtual Mastercard Digital-only debit Mastercard instantly available in the PEXX app after deposit confirmation (within 1 minute), compatible with Apple Pay and Google Pay for online, in-store, and contactless mobile payments worldwide. Replaces the discontinued PEXX Virtual Visa Card program.
• PEXX Physical Card Physical debit card shipped to verified PEXX users worldwide, accepted at all Mastercard acceptance points in 180+ countries. Requires a minimum USD 10 deposit for delivery. Used for in-store and ATM transactions globally.
• PEXX Earn Interest-earning product offering up to 4% APY on USD, USDT, and USDC balances, with principal backed by tokenized US Treasury Bonds. Features daily interest credit, no minimum balances, no lock-up periods, and no withdrawal penalties. Available to verified PEXX users.
• PEXX eSIM Mobile data service using embedded SIM technology for travelers, offering fixed data bundles (1GB, 3GB, 5GB, 10GB, 20GB with 30-day validity) and unlimited daily plans (5GB per calendar day at full speed, then 512 kbps). Managed entirely through the PEXX app.
• PEXX Travel Hotel booking service integrated within the PEXX app offering cashback rewards (4% on bookings during promotional periods) through a partnership with hotels including Maya Ubud Resort and Spa. Part of PEXX's ecosystem expansion beyond payments.
• PEXX QR Payments QR code payment feature allowing verified PEXX users to pay merchants in Indonesia, Malaysia, Singapore, Vietnam, and the Philippines by scanning local QR codes directly from the PEXX wallet using USD, USDT, or USDC balances, with near-instant local-currency settlement and minimal network fee.

Quantifiable outcome

• 4% APY yield on USD, USDT, and USDC holdings
• +5 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core, flagship and supporting.

• Chain DebriefcoreStrategic or Co-development Partner · 20 August 2024PEXX acquired Singapore-based blockchain media platform Chain Debrief to expand influence in Southeast Asian blockchain ecosystem. Integration includes Chain Debrief's content, community insights, and educational resources.
• SSB BankflagshipTechnology or IntegrationPEXX USD virtual accounts are powered by SSB Bank, providing access to full banking rails including SWIFT, Fedwire, ACH, and RTP (Real-Time Payments). Core banking infrastructure partner.
• VisaflagshipTechnology or IntegrationPEXX issued Visa debit cards (virtual and physical) accepted globally. Note: Visa card issuance was temporarily discontinued effective January 14, 2026.
• MastercardflagshipTechnology or IntegrationPEXX offers virtual Mastercard cards with Apple Pay and Google Pay compatibility, accepted globally on all Mastercard payment terminals.
• Maya Ubud Resort and SpasupportingStrategic or Co-development PartnerPartner hotel for PEXX Travel giveaway promotion. PEXX Travel offers hotel booking services with cashback rewards (4% on bookings during promotional periods).
• SWIFTflagshipTechnology or IntegrationPEXX USD accounts support SWIFT payment rails for international wire transfers. SWIFT is a core component of PEXX's global banking infrastructure.
• FedwirecoreTechnology or IntegrationPEXX USD accounts support Fedwire payment rails for US domestic wire transfers, enabling fast USD transfers within the United States.
• ACH (Automated Clearing House)coreTechnology or IntegrationPEXX USD accounts support ACH payment rails for US domestic transfers, with standard processing time of 1-3 US business days.
• RTP (Real-Time Payments)coreTechnology or IntegrationPEXX is connected through RTP (Real-Time Payments) network, enabling instant USD transfers in the US market.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Wirex: Wirex is a crypto-native payments platform offering a multi-currency account, debit card, and on-chain-to-fiat conversion across 130+ countries. Closest comparable to PEXX: similar dual stablecoin/fiat wallet, dual-network cards, and focus on borderless spending and transfers for retail crypto users.
• BVNK: BVNK is a stablecoin and fiat payments infrastructure provider serving businesses and consumers with on/off-ramp and cross-border settlement. Comparable to PEXX because both monetise the stablecoin-to-fiat conversion layer with banking-rail connectivity, though BVNK skews more B2B.
• StraitsX (Fazz): StraitsX is a Singapore-headquartered stablecoin issuance and payments platform (XSGD, XUSD) operating under MAS regulation. Directly comparable to PEXX as a regulated SEA-based stablecoin banking/payments platform targeting similar cross-border use cases in the region.
• Alchemy Pay: Alchemy Pay provides crypto on/off-ramp and fiat payment processing in 173 countries, partnering with payment networks and local rails. Comparable to PEXX because both bridge crypto and fiat for consumer payments, with overlapping corridor coverage and similar B2C/B2B2C positioning.
• Yellow Card: Yellow Card is a stablecoin-based payments and remittance platform across Africa, providing USD access, cards, and on/off-ramp services. Comparable to PEXX in business model (stablecoin-fiat bridge for emerging-market consumers) though geographically focused on Africa rather than SEA.

Broad incumbents

• Wise: Wise (formerly TransferWise) is the leading multi-currency account and cross-border transfer platform serving 16M+ customers globally. Comparable to PEXX because both target low-cost FX and international transfers, with PEXX explicitly benchmarking pricing against Wise on INR and VND corridors.
• Revolut: Revolut is a global neobank offering multi-currency accounts, debit cards, and crypto trading to 40M+ customers. Comparable to PEXX as a multi-currency consumer fintech with cards, FX, and crypto exposure, though far broader in product scope and scale.
• Crypto.com: Crypto.com is a major crypto exchange and card issuer with the Crypto.com Visa Card accepted globally. Comparable to PEXX at the crypto-card + payment-rail intersection, though Crypto.com is far larger and exchange-led rather than remittance-led.
• Remitly: Remitly is a digital remittance platform serving immigrants sending money to 170+ countries with strong SEA and South Asia corridor presence. Comparable to PEXX in cross-border transfer focus and corridor overlap (Philippines, India, Vietnam), though Remitly is fiat-only and far more capitalised.

Emerging players

• MoonPay: MoonPay is a crypto payments infrastructure company providing on/off-ramps and fiat-to-crypto conversion globally. Comparable to PEXX in stablecoin on-ramp functionality, though MoonPay focuses more on wallet/consumer on-ramp partnerships than full banking-rail integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pexx_official
• Instagraminstagram.com/pexx_official
• Facebookfacebook.com/61553448650212
• LinkedInlinkedin.com/company/pexxofficial

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PEXX