Unplex
- Company typePrivate
- Founded2021
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Unplex firmographics
Firmographics- Name
- Unplex
- Legal name
- Unplex Fintech Corp.
- Website
- https://unplex.app
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Unplex industry classification
Industry- Product category
- Cross-Border Remittance
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
- akta.pro secondary industry
- Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)
Keywords
Where Unplex is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Unplex business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Foreign Exchange Spread: Revenue generated through the spread between Google exchange rates and the rates offered to customers. While no transfer fees are charged, the company earns revenue through favorable exchange rate margins.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | International Money Transfer - Zero Fees |
| Other | Pay-as-you-go | Referral Program |
| Other | Pay-as-you-go | Domestic Instant Transfers (USA) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Unplex product offering
Product offeringCore offering
Unplex operates a WhatsApp-based cross-border remittance platform that lets users in the USA, UK, and Europe send money to India and the Philippines with zero transfer fees and Google exchange rates. Users complete KYC, link their bank accounts, and initiate transfers through WhatsApp or a mobile app, with funds delivered to bank accounts, UPI IDs, mobile wallets, or cash pick-up. The platform is built on a blockchain-backed, PCI-DSS compliant infrastructure with end-to-end encryption, and includes a credit builder feature for users in destination markets, instant domestic transfers within the USA powered by Visa, and a referral rewards program.
Product overview
Unplex is a single-platform remittance service architected around WhatsApp as the primary user interface. The core Unplex platform handles international money transfers from USA, UK, and Europe to India and the Philippines. Supporting modules include Credit Builder (credit-building feature tied to transfer activity), Instant Transfers Within USA (Visa-powered domestic instant transfers), and a Referral Program offering $50 per successful referral. The platform differentiates through Google exchange rates, zero transfer fees, and WhatsApp-based UX requiring no additional app downloads.
Differentiator
Problem solved
Functional benefit
Products and services
- Unplex Cross-Border Remittance Platform WhatsApp-native cross-border money transfer service that lets individual senders in the USA, UK, and Europe send money to recipients in India and the Philippines with zero transfer fees and Google exchange rates, delivered to bank accounts, UPI IDs, mobile wallets, or cash pick-up. Built on a blockchain-backed, PCI-DSS certified infrastructure with end-to-end encryption for individual NRI and overseas diaspora remitters.
Quantifiable outcome
- $10 guaranteed refund if transfer is delayed
- +2 more outcomes
Companies that use Unplex
Customer profileSegments2 records
Ideal customer profiles2 records
Unplex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Unplex partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Cybrid Inc.coreCybrid Inc. powers Unplex's money transmission services in the USA. Holds Money Service Business (MSB) License 31000246961737 in the USA. Provides the underlying payment infrastructure and regulatory licensing for US operations.
- Cybrid Canada Inc.coreCybrid Canada Inc. provides MSB licensing for Unplex's Canadian operations. Holds Canadian MSB license M22090366 for money service business activities in Canada.
- Bivo Inc.coreBivo Inc. (NMLS 2572288) is an international payment partner providing additional licensing and payment processing capabilities for Unplex's cross-border transfer services.
- VisacoreVisa powers Unplex's instant domestic money transfers within USA. The partnership enables free instant transfers between bank accounts or payments to friends within the USA.
- WhatsAppcoreWhatsApp serves as Unplex's primary channel for user onboarding, transfer instructions, and customer communication. Users initiate transfers and receive confirmations through WhatsApp without needing to download additional applications.
Scale indicators3 records
Unplex competitors and assessment
Company assessmentEmerging players
- Nium: Nium is a cross-border payments-as-a-service infrastructure provider specializing in Asia and emerging-market corridors including India and the Philippines. While more B2B/rails-oriented than Unplex, it is comparable as an Asia-focused fintech building licensed cross-border payment infrastructure.
- Instarem: Instarem is a digital cross-border payments company offering low-cost transfers from Australia, UK, Europe, and Singapore into India and other Asian corridors. It overlaps with Unplex on FX-spread-based pricing for Asia-bound remittance.
- TapTap Send: TapTap Send is a mobile-first remittance app focused on low-cost transfers from the USA, UK, Canada, and Saudi Arabia to the Philippines, India, and other emerging markets. It directly competes with Unplex for Filipino and Indian diaspora senders with a similar app-led, low-fee proposition.
- Revolut: Revolut is a global digital bank offering multi-currency accounts and P2P/remittance transfers, including to India and the Philippines from the UK and Europe. It competes with Unplex for tech-savvy diaspora senders, with the advantage of a broader banking product suite.
Broad incumbents
- Western Union: Western Union is the largest incumbent global money transfer operator with extensive cash-pickup and bank-deposit networks into India and the Philippines. While its core model is retail/agent-based, its digital send products directly overlap with Unplex's USA→India/Philippines corridor.
- PayPal Xoom: Xoom is PayPal's cross-border remittance service, offering mobile transfers to India and the Philippines from the USA, UK, Canada, and Europe. It competes with Unplex for the same diaspora senders with a broader funding source stack (bank, card, PayPal balance).
- MoneyGram: MoneyGram is a long-established cross-border P2P payments company with deep agent distribution into India and the Philippines. Its digital/app-based send service competes directly with Unplex for diaspora customers in USA/UK.
Direct peers
- Remitly: Remitly is a digital remittance company focused on immigrants sending money from developed markets to emerging markets, with India and the Philippines among its largest corridors. Unplex competes for the same NRI and Filipino diaspora senders with a similar app/WhatsApp-first mobile experience.
- Wise: Wise (formerly TransferWise) is a leading cross-border money transfer and multi-currency account provider serving consumers and freelancers with mid-market FX and low transparent fees. It directly competes with Unplex in the USA→India remittance corridor and on FX-spread pricing, though at vastly greater scale.
- WorldRemit: WorldRemit is a digital cross-border money transfer company serving diaspora customers sending to mobile wallets, bank accounts, and cash pickup in India, the Philippines, and many other emerging markets. It competes directly with Unplex on app-first remittance to South and Southeast Asia.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Unplex social profiles
Digital presenceUnplex compliance and trust
Trust signalCompliance2 records
Unplex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Unplex leadership team
Management profileNumber of profiles
Profiles2 records
Unplex funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Unplex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Unplex
What does Unplex do?
Unplex operates a WhatsApp-based cross-border remittance platform that lets users in the USA, UK, and Europe send money to India and the Philippines with zero transfer fees and Google exchange rates. Users complete KYC, link their bank accounts, and initiate transfers through WhatsApp or a mobile app, with funds delivered to bank accounts, UPI IDs, mobile wallets, or cash pick-up. The platform is built on a blockchain-backed, PCI-DSS compliant infrastructure with end-to-end encryption, and includes a credit builder feature for users in destination markets, instant domestic transfers within the USA powered by Visa, and a referral rewards program.
Is Unplex a public or private company?
Unplex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Unplex founded?
Unplex was founded in 2021. It employs 1 to 10 people.
Where is Unplex based?
Unplex is headquartered in Chicago, United States, in the North America region.
How does Unplex make money?
One revenue line is on record: foreign Exchange Spread.
Who are Unplex's main competitors?
Emerging players on record are Nium, Instarem, TapTap Send and Revolut. Broad incumbents are Western Union, PayPal Xoom and MoneyGram. Direct peers are Remitly, Wise and WorldRemit.
Does Unplex have an API?
No public API is recorded for Unplex.
What industry is Unplex in?
Unplex's product category is Cross-Border Remittance. Its primary akta.pro industry code is FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers, with a secondary code of FSAMAEAI, Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service). Its NAICS code is 52232 and its SIC code is 6199.