What Cross Remittance does

Cross ENF Inc. (CROSS) is a Seoul-based fintech that operates a mobile cross-border remittance service targeting foreign workers and immigrants living in South Korea. Founded in 2020 with Financial Services Commission registration (Remittance License No. 2020-2), the company enables Korean Won transfers to recipients in 83+ countries, with end-to-end settlement advertised at approximately five minutes. The service is delivered exclusively via a self-serve iOS/Android app with multi-language support in Vietnamese, Thai, English, and Chinese, and operates 14/7 including weekends and holidays, directly addressing the traditional remittance pain points of weekend/holiday waiting times and prefunding burdens.

The platform's core technology provides real-time exchange rate visibility, instant settlement, and a point-based fee discount system that rewards repeat usage. Cross runs a dual-product model: CROSS Remittance as the primary transactional service, and Cross Shop, a companion e-commerce marketplace offering 1,300+ hometown grocery SKUs to the same foreign-worker customer base, with next-day Korean domestic delivery. All distribution and customer service is mobile-only with no physical branches, supported via KakaoTalk, Facebook Messenger, and Channel Talk.

Revenue is generated primarily through transaction fees on remittances (advertised as "0 KRW~" with loyalty-driven discounts, implying FX spread as the underlying economic lever) and secondarily through product sales on Cross Shop. The go-to-market is product-led and community-driven, relying on word-of-mouth within tight-knit expatriate communities, multilingual support, and content marketing through the CROSS Blog. As of available reporting, Cross serves over one million customers across multiple nationality cohorts and has not publicly disclosed revenue figures.

Name

Cross Remittance

Legal name

CROSS ENF Inc.

Website

https://crossenf.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Cross ENF Inc. operates CROSS, a mobile cross-border remittance app enabling foreign workers in South Korea to send Korean Won to 83+ countries in approximately five minutes, serving over one million users with multi-language support and a companion grocery e-commerce marketplace (Cross Shop).

Ownership category

akta.pro rank

Product category

Cross-Border Remittance

akta.pro primary industry

Consumer Remittances (P2P) (FSAMAIAA)

akta.pro secondary industries

Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD)

Keywords

• Cross-border remittance
• Mobile money transfer
• Remittance fintech app
• Foreign worker payments
• Immigrant financial services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Remittance transaction fees: Cross charges transaction fees on each cross-border money transfer. The company advertises 'lowest fees' and a 'point system for fee discounts' rewarding repeat usage. Fees are deducted from the transferred amount or added at point of payment.
2. Cross Shop e-commerce: Korea's first online grocery shop for foreigners, selling home-country food products to immigrant customers in Korea. Revenue derived from product sales with order volume driven by the existing remittance customer base. Orders placed before 8 PM arrive next day.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Cross Remittance operates a mobile-first cross-border money transfer service that enables users in South Korea to send Korean Won to recipients in 83+ destination countries, with end-to-end transfer completion in approximately 5 minutes, real-time exchange rate visibility, and near-zero transaction fees. The service targets foreign workers and immigrant communities in Korea and is supported by 365-day multi-language customer service. Cross also operates Cross Shop, an integrated online grocery store offering 1,300+ home-country food products with next-day delivery within Korea, extending engagement with the same migrant customer base.

Product overview

Cross ENF (CROSS) operates as a dual-product platform consisting of (1) CROSS Remittance — a core cross-border money transfer service enabling 5-minute remittances from Korea to 83 countries with 1M+ customers, and (2) Cross Shop — a companion e-commerce marketplace for foreigners in Korea to purchase hometown food products. The remittance service serves as the primary offering, while Cross Shop extends customer engagement through grocery delivery, with both services integrated under the unified CROSS brand.

Differentiator

Problem solved

Functional benefit

Brands

• Cross Shop: Korea's first online shop for foreigners offering grocery products from home countries including Vietnam, Thailand, and other Asian markets. Features 1,300+ products with next-day delivery.

Products and services

• CROSS Remittance Mobile-app-based cross-border remittance service that enables users in South Korea to send Korean Won to recipients in 83+ countries, with end-to-end transfer completion in approximately 5 minutes, real-time exchange rate visibility, near-zero transaction fees, multi-language customer support (Vietnamese, Thai, English, Chinese), and year-round 14/7 availability including weekends and holidays. Targeted at foreign workers, immigrants, students, and short-term foreign residents in Korea who need to send money home to family.
• Cross Shop Korea's first online grocery shop for foreigners, offering 1,300+ home-country products across frozen, chilled, and ambient categories (spices, sauces, snacks, specialty cuts of beef, pork, and duck), primarily from Vietnam, Thailand, and other Asian markets, with orders placed before 8 PM delivered the next day. Operates under CROSS ENF's E-commerce License and is targeted at the same foreign-worker / immigrant customer base that uses the CROSS Remittance service.

Quantifiable outcome

• 5-minute end-to-end transfer from request to recipient receipt
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Suho I-OcoreStrategic or Co-development Partner · 8 May 2026Suho I-O (financial infrastructure company) and Cross ENF signed a memorandum of understanding on May 8, 2026, to jointly build a global remittance network and advance payment systems. The partnership combines Suho I-O's Ezys payment and settlement infrastructure with Cross ENF's remittance expertise and global operations capabilities. Both companies will conduct working-level discussions on system introduction and operational connectivity between the two platforms, while prioritizing stability in their efforts to upgrade cross-border remittance infrastructure and address inefficiencies such as weekend/holiday waiting times and prefunding burdens.
• Suho.iocoreStrategic or Co-development Partner · 8 May 2026Suho.io signed MOU with Cross ENF on May 8, 2026, to jointly build a global remittance network and advance payment systems. The collaboration involves combining Suho.io's Ezys payment and settlement infrastructure with Cross ENF's global remittance operations capabilities to address structural limitations including weekend waiting times and prefunding burdens. The partnership will explore payment-layer linkage options and involve working-level discussions on potential system introduction and operational connectivity between the two platforms.

Scale indicators6 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Sentbe: Korea-based cross-border remittance app focused on foreign workers sending money to Asia and other emerging markets, with a similar mobile-first, low-fee, multi-language positioning targeting the same expatriate sender base in South Korea.
• Hanpass: Korean remittance fintech serving migrant workers in Korea with multi-corridor outbound transfers and competitive FX, directly competing for the same foreign-worker customer segment that CROSS targets.
• WireBarley: Korea-headquartered mobile remittance platform offering low-cost cross-border transfers to multiple Asian and global corridors, with comparable mobile-first UX and corridor coverage overlapping CROSS.
• Remitly: US-headquartered mobile remittance app focused on immigrant senders transferring to emerging-market corridors with multi-language support, closely mirroring CROSS's value proposition for migrant-worker remitters.
• WorldRemit: Global digital remittance platform serving diaspora senders across many corridors including Asia, with mobile-first UX and multi-language support comparable to CROSS's positioning.

Broad incumbents

• Toss: Korean super-app with a broad financial services bundle (banking, payments, investing) that now includes cross-border remittance; competes with CROSS by offering remittance as a feature within a much larger ecosystem.
• Kakao Pay: Dominant Korean mobile payment platform with embedded remittance and money-transfer capabilities, leveraging the KakaoTalk distribution channel that CROSS also uses for customer engagement.
• Western Union: Global incumbent in cross-border money transfer with the largest agent network and corridor coverage; competes with CROSS in the same Korea-to-Asia corridors, typically on speed and fee.
• MoneyGram: Global remittance incumbent with extensive agent and digital channels across Asia; overlaps with CROSS on Korea-outbound corridors where digital-first players are eroding share.
• Wise (TransferWise): Global cross-border payments platform known for mid-market FX and low transparent fees; competes with CROSS for digitally savvy Korean senders, especially on larger transfers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Crossenf-107615251524905
• Xx.com/cross_enf

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Cross Remittance