FOMO Pay

What FOMO Pay does

FOMO Pay Pte. Ltd. is a Singapore-headquartered digital payment institution founded in 2015, operating under FOMO Group alongside wholly-owned subsidiaries CapBridge (digital investment and wealth management) and 1exchange (digital private markets exchange). The company holds nine regulatory licenses across Singapore (Major Payment Institution, License No. PS20200145), Hong Kong, and the UAE, including one of Singapore's earliest Digital Payment Token licenses, and serves more than 5,000 corporate clients globally with a staff of 51-100.

FOMO Pay's core product suite comprises three franchises. FOMO Payment is a one-stop merchant acquiring and payment processing platform accepting 25+ payment methods including Visa, Mastercard, UnionPay, GrabPay, ShopeePay, Alipay+, WeChat Pay, PayNow, BNPL, and digital payment tokens (BTC, ETH, USDT, USDC, RLUSD, FDUSD, USDG, AXUSD, AXBHD) across Ethereum and Solana networks. FOMO iBiz provides multi-currency virtual accounts in nine fiat currencies with real-time FX and same-day settlement. CapBridge Treasury offers wealth management access to private and public markets for HNWIs and institutions. Supporting products include FOMO SoftPOS (Mastercard-powered Tap on Phone), FOMO AI Soundbox (AI-enabled multi-rail terminal), Palm Payment, and DuitNow QR acceptance. The technology stack is API-first with three dedicated portals (IPG, POS, SME) and integrates compliance infrastructure from Moody's Analytics, Elliptic, Notabene, and Bottomline.

The business model is primarily transaction-based: FOMO Pay earns take rates on merchant acquiring, cross-border money transfers, DPT conversion and custody, and corporate FX conversions, supplemented by managed-services revenue from treasury and wealth management. Distribution combines direct enterprise field sales, self-serve SMB onboarding, and channel partnerships with Visa, Mastercard, J.P. Morgan Payments, BNY, Bank of China Singapore, SGX Group, and stablecoin issuers. The company has raised $13M in Series A funding (Jump Crypto-led, August 2022) and added SGX Group as a shareholder in September 2025, while pursuing strategic acquisitions (CapBridge and 1X Exchange, August 2023) to extend into capital markets.

Name

FOMO Pay

Legal name

FOMO Pay Pte. Ltd.

Website

https://fomopay.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

FOMO Pay is a Singapore-headquartered Major Payment Institution that provides multi-rail digital payment infrastructure connecting fiat and digital assets, serving 5,000+ merchants, corporates, and financial institutions across Asia, MENA, and Africa under nine regulatory licenses.

Ownership category

akta.pro rank

Product category

Digital Payments & Cross-Border Money Transfer

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)

Keywords

• Digital payment processing
• Cross-border payments
• Merchant acquiring services
• Digital payment token custody
• Multi-currency virtual accounts

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Merchant Acquisition and Payment Processing: Transaction fees from processing payments across cards, mobile wallets, QR codes, and digital payment tokens. Fee structure includes tier pricing based on volume transacted.
2. Cross-border Money Transfer: Fees for facilitating international money transfers and remittance services. Supports global collection and payout solutions in multiple currencies.
3. Digital Payment Token Services: Fees for DPT custody, conversion, deposits, and withdrawals (TRX, ETH, BTC). Includes account opening, monthly maintenance, fall below fees, and transaction-based charges.
4. Corporate Cash Management and Treasury: Corporate cash management and investment solutions for liquidity optimization and earning yield. FOMO Treasury provides FX conversions and access to investment opportunities.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

FOMO Pay is a major payment institution that provides a multi-rail digital payment platform enabling merchants, corporates, and financial institutions to accept and process 25+ payment methods including cards, QR payments, regional e-wallets, and digital payment tokens (stablecoins and cryptocurrencies). Its core offerings span merchant acquiring and payment processing, cross-border money transfer with multi-currency virtual accounts (FOMO iBiz), digital payment token custody and conversion, and treasury/wealth management services (CapBridge Treasury), supported by proprietary hardware (FOMO AI Soundbox) and software solutions (FOMO SoftPOS).

Product overview

FOMO Pay is a Singapore-headquartered payment institution offering a multi-product digital payment platform licensed in Singapore, Hong Kong, and UAE. The portfolio consists of three core products: FOMO Payment (one-stop digital payment solution for merchants, corporates, and financial institutions), FOMO iBiz (multi-currency virtual accounts for transactional banking needs), and CapBridge Treasury (wealth management services for private and public market access). Supporting these are specialized payment portals (IPG, POS, SME), FOMO SoftPOS (Mastercard-powered Tap on Phone solution), FOMO AI Soundbox (AI-powered payment device with real-time audio confirmation), Palm Payment Solution (biometric payments), and DuitNow QR Acceptance (cross-border MYR-SGD payments). The platform connects Web 2.0 and Web 3.0 financial ecosystems, supporting over 25 payment methods including cards, regional digital wallets, and digital currencies, serving 5,000+ companies globally.

Differentiator

Problem solved

Functional benefit

Brands

• FOMO AI Soundbox: AI-powered compact payment device consolidating cards, QR payments, e-wallets, and stablecoins with real-time audio transaction confirmation, with AI-powered merchant intelligence layer for business insights.
• FOMO SoftPOS
• FOMO Payment
• FOMO iBiz
• CapBridge Treasury

Products and services

• FOMO Payment One-stop digital payment solution for merchants, corporates, and financial institutions enabling acceptance of cards, QR payments, e-wallets, and digital currencies.
• FOMO iBiz Multi-currency virtual accounts facilitating businesses' everyday transactional banking needs, including global collection and payment of funds with real-time FX conversions.
• CapBridge Treasury Treasury service for wealth management needs providing access to both private and public markets including top-tier funds, digital asset funds, bonds, equities, and insurance products.
• FOMO SoftPOS Tap on Phone solution enabling merchants to accept contactless card payments directly on smartphones using Mastercard's Cloud Commerce technology, reducing hardware dependency.
• FOMO AI Soundbox Singapore's first AI-powered compact payment device consolidating cards, QR payments, e-wallets, and stablecoins with real-time audio transaction confirmation and an AI-powered merchant intelligence layer.
• Palm Payment Solution Palm-based biometric payment solution for Singapore merchants.
• DuitNow QR Acceptance Cross-border payment solution enabling Singapore merchants to accept DuitNow QR payments from Malaysian visitors, with settlement in SGD.
• FOMO Payment Portals (IPG, POS, SME) Suite of digital payment platforms including IPG (merchant), POS (point-of-sale), and SME platforms enabling self-service onboarding and payment acceptance.
• FOMO iBiz Portal Online portal for business remittance and treasury related activities.
• BNY Institutional-Grade Business Account Solution Institutional-grade cross-border business account solution with same-day (T+0) USD settlement via BNY Virtual Reference Number and U.S. domestic clearing rails, including COBO and POBO capabilities.

Quantifiable outcome

• Cut card acceptance costs by over 90% with FOMO SoftPOS
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability3 records

Feature5 records

Partnerships

18 partnerships are on record, tiered core, flagship and minor.

• Circle, First Digital, Paxos, EllipticcoreTechnology or Integration · 25 March 2026FOMO AI Soundbox integrates stablecoins via partnerships with Circle (USDC), First Digital, Paxos for stablecoin integrations and Elliptic for compliance tools.
• BNYcoreTechnology or Integration · 6 February 2026Strategic collaboration to enhance cross-border payment and collection capabilities using BNY's Virtual Reference Number solution and U.S. domestic clearing rails. Enables eligible USD payments to settle same-day (T+0) vs traditional T+2 to T+3 days. Provides institutional-grade treasury solutions including COBO and POBO capabilities.
• J.P. Morgan PaymentscoreTechnology or Integration · 12 November 2025Partnership to supercharge global payments capabilities by enhancing FOMO Pay's payment infrastructure and offerings.
• VisacoreTechnology or Integration · 12 November 2025FOMO Pay joined Visa's Scan to Pay QR payment solution across Asia Pacific, integrating with Samsung Wallet, LINE Pay, VNPT Money and others. FOMO Pay is one of 10 digital wallet partners in this ecosystem.
• Bank of China SingaporecoreStrategic or Co-development Partner · 11 November 2025Strategic partnership to advance cross-border financial ecosystem, enhancing Singapore's position in regional financial connectivity.
• RipplecoreTechnology or Integration · 30 September 2025FOMO Pay enables stablecoin payments with Ripple's RLUSD, expanding stablecoin payment infrastructure.
• Volkswagen Group SingaporeflagshipChannel Partner/ Reseller/ Distributor · 14 August 2025Volkswagen Group Singapore customers can pay for vehicles and aftersales services using BTC, ETH, USDT, USDC. Daily cap of SGD 4,500 per customer. FOMO Pay provides digital asset payment infrastructure with real-time exchange rates and compliance.
• AX Coin / AXGcoreStrategic or Co-development Partner · 10 June 2025AX Coin (first stablecoin issuer licensed under Central Bank of Bahrain's regulatory framework) partnered with FOMO Pay as first international payment distribution partner. Integrates AXUSD (USD-pegged) and AXBHD (Bahraini Dinar-pegged) stablecoins for B2B trade settlements, cross-border remittances, and digital commerce across Asia and MENA.
• Global Dollar Network / USDGcoreTechnology or Integration · 21 May 2025FOMO Pay invited to join Global Dollar Network, expanding stablecoin payment infrastructure with USDG stablecoin.
• Circle Payments NetworkcoreTechnology or Integration · 25 April 2025FOMO Pay among first design partners powering real-time cross-border stablecoin transactions via Circle's payment network.
• MastercardcoreTechnology or Integration · 8 November 2024Strategic collaboration to launch FOMO SoftPOS, a Tap on Phone solution enabling contactless card acceptance directly on smartphones. Singapore is the first Asia-Pacific country for Mastercard Cloud Commerce. Can cut acceptance costs by over 90%.
• BottomlinecoreTechnology or Integration · 6 March 2024Bottomline's Cash Management, SWIFT Bureau, and Sanction Screening solutions implemented to strengthen payment workflows, treasury lifecycle management, and compliance. Automates payment lifecycle from creation to sanction screening and SWIFT transmission.
• KlashaminorGTM or Marketing Partner · 31 January 2024Partnership to power cross-border payments between Africa and Asia, enabling merchants to accept payments from African consumers.
• Zand BankminorGTM or Marketing Partner · 13 December 2023Partnership to facilitate cross-border payments, enhancing financial connectivity between Asia and MENA regions.
• NotabenecoreTechnology or Integration · 29 August 2023Strategic partnership to bolster digital asset compliance at scale, addressing travel rule and AML requirements for cross-border crypto transactions.
• CapBridge and 1X ExchangecoreStrategic or Co-development Partner · 7 August 2023FOMO Group acquired CapBridge and 1X Exchange with MAS approval. CapBridge is a digital investment and wealth management platform; 1X Exchange is a digital private markets exchange. Expands FOMO Group into capital markets and cryptocurrency solutions.
• EllipticcoreTechnology or Integration · 19 July 2023Partnership for digital asset compliance at scale, providing blockchain analytics and AML solutions for FOMO Pay's DPT services.
• Moody's AnalyticscoreTechnology or Integration · 19 June 2023End-to-end KYC/AML risk monitoring solutions for secure digital payment and digital banking services, enhancing compliance capabilities.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Nium: Singapore-headquartered cross-border payments and BaaS platform serving corporates and financial institutions globally. Directly comparable to FOMO Pay's FOMO iBiz and cross-border money transfer services, with a similar regulatory-licensed positioning across multiple jurisdictions.
• Airwallex: Asia-origin multi-currency business accounts and cross-border payments platform. Closely comparable to FOMO Pay's FOMO iBiz virtual accounts and global collection/payout proposition, targeting similar SMB and enterprise segments across Asia-Pacific.
• dLocal: Emerging-market-focused payments processor enabling merchants to accept and pay in 40+ countries. Comparable to FOMO Pay's merchant acquiring and emerging-market acceptance (MENA, Southeast Asia, China cross-border).
• Alchemy Pay: Singapore-based crypto-fiat payment gateway enabling merchants to accept digital assets alongside traditional payment methods. Most direct peer on the fiat + crypto acceptance proposition that defines FOMO Pay's positioning.

Broad incumbents

• Circle: USDC issuer and operator of Circle Payments Network for cross-border stablecoin settlement. A partner of FOMO Pay but also a competitor, as Circle increasingly builds direct merchant/payment institution relationships that bypass intermediaries.
• Ripple: Provider of RLUSD stablecoin and Ripple Payments network for cross-border value transfer. A partner of FOMO Pay but competes in the same enterprise cross-border and stablecoin acceptance space.
• Stripe: Global payments infrastructure incumbent serving millions of merchants with card acceptance, APIs, and increasingly cross-border and financial services. Represents the competitive ceiling FOMO Pay's API-first SMB offering is positioned against.
• Adyen: Global unified commerce platform providing merchant acquiring, POS, and online payment processing for large enterprises. Comparable at the enterprise-merchant tier where FOMO Pay competes for large customers like Singapore Airlines and Resorts World Sentosa.

Emerging players

• Paxos: Regulated blockchain infrastructure platform issuing stablecoins (USDP, PayPal USD) and providing custody/tokenization services. A partner of FOMO Pay and an emerging competitor in the regulated stablecoin and digital asset services space.
• BVNK: Enterprise payments platform built on stablecoin rails for cross-border payouts and collections. Comparable to FOMO Pay's stablecoin-anchored cross-border B2B proposition and treasury offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FOMOPayOfficial
• Facebookfacebook.com/fomopay
• LinkedInlinkedin.com/company/fomo-pay

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors7 records

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

M&A2 records

Investments

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

Frequently asked questions about FOMO Pay