Moneytrans
- Company typePrivate
- Founded2002
- HeadquartersBrussels, Belgium
- Headcount251–500
- GTM typeB2C
- OfferingServices
Moneytrans firmographics
Firmographics- Name
- Moneytrans
- Legal name
- MONEYTRANS PAYMENT SERVICES S.A.
- Website
- https://moneytrans.eu
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Moneytrans industry classification
Industry- Product category
- Cross-Border Remittances and Digital Banking
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Consumer Remittances (P2P) (FSAMAIAA)
- akta.pro secondary industry
- Consumer P2P International Remittances (FSAGAKAA)
Keywords
Where Moneytrans is headquartered
LocationHeadquarters
- HQ city
- Brussels
- HQ country
- Belgium
- HQ region
- Europe
Offices2 records
Markets served
Moneytrans business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Money Transfer Fees & Exchange Margins: Primary revenue stream from international money transfers. Fees include transaction fees and foreign exchange rate margins. The company may apply different exchange rates between online transactions and physical agency transactions. Commission of 3.50 EUR mentioned as example with exchange rate of 1 EUR = 3.29 BRL.
- Payment Account Services: Revenue from payment account services including current account management, card payments, and ATM withdrawals. The Smile account offers a free Mastercard debit card, with premium features like 25% discount on transfers for account holders.
- Additional Financial Services: Revenue from supplementary services including phone mobile top-up, currency exchange, ferry tickets, bus tickets, and bill payment services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Money Transfer |
| Freemium | Monthly | Smile Account (Free) |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Moneytrans product offering
Product offeringCore offering
Moneytrans is a Belgian-regulated payment institution that delivers cross-border international money transfers to 140+ countries through a digital platform (mobile apps and website) and a network of approximately 3,000 physical agencies across 8 European countries. It bundles these remittances with a free digital current account (Smile Account) carrying a Mastercard debit card, plus complementary financial services including currency exchange, mobile phone top-up, bus and ferry ticketing, bill payment, and life and disability insurance distributed in partnership with AXA. The offering targets migrant workers and diaspora communities living in Europe who send money to family members in their countries of origin.
Product overview
Moneytrans is a Brussels-based fintech company operating as a super app for international workers and migrants, offering a unified platform combining international money transfers, digital banking (Smile Account), and multi-service utilities. The core product portfolio centers on the Money Transfer Service (available online and via 3,000+ physical agencies across Europe) and the Smile Account current account with free Mastercard debit card, both enhanced by the Smile Community ecosystem providing employment, education, and entrepreneurship support. Additional services include currency exchange, mobile top-up, travel ticketing (bus/ferry), bill payment, and insurance (Moneytrans Protect via AXA partnership). The company serves over 10 million customers globally with operations in 140+ countries, targeting migrant communities with financial and social inclusion services.
Differentiator
Problem solved
Functional benefit
Brands
- Smile Community: A community platform for migrants and expatrients offering employment search, credit and entrepreneurship support, and directory of migrant organizations.
- Compte Smile
- Making People Smile
Products and services
- International Money Transfer Service International money transfer service that allows customers in Europe to send funds to recipients across 140+ countries via online (website/mobile app) or in-person at 3,000+ European agencies. Commission-based pricing with example of 3.50 EUR fee for 200 EUR transfer to Brazil with 5-minute delivery time.
- Smile Account (Compte Smile) Free digital current account offering bank-grade security without paperwork, including a free Mastercard debit card, 25% discount on all international transfers, free life and disability insurance via AXA partnership (renewable up to 3 months), and access to additional financial services for migrant workers and diaspora customers.
- iMoneytrans Mobile App Super app for international workers enabling money transfers, phone recharges, and access to all Moneytrans financial services from a mobile device. Available on Google Play Store and Apple App Store as 'iMoneytrans', with on-device registration in 5 minutes and access to transfer tracking and account management.
- Currency Exchange Service Foreign currency exchange service integrated into the Moneytrans platform, allowing customers to exchange currencies at competitive rates directly via the website, mobile app, or at physical agency locations across Europe.
- Moneytrans Protect (Insurance) Free life and disability insurance coverage offered in partnership with AXA, available at no cost to Smile Account holders and renewable for up to 3 months, bundled with the Smile Account current account.
- Mobile Top-Up Service Mobile phone recharge service that allows customers to top up prepaid mobile phones directly through the Moneytrans platform, enabling diaspora users to pay for family members' mobile airtime abroad.
- Travel Tickets (Bus & Ferry) Travel ticket booking service for buses (via FlixBus partnership starting from €5.99) and ferries, integrated into the Moneytrans platform to provide convenient travel purchasing for migrant communities.
- Bill Payment Service Cash bill payment service that allows customers to pay utility bills and other invoices in cash at Moneytrans agency locations across Europe, addressing the needs of underbanked customers who prefer to pay bills in person.
- Moneytrans API Developer Portal API developer portal (pac-developer.moneytrans.eu) providing technical documentation and integration access for technology and business partners to embed Moneytrans cross-border payment and remittance infrastructure into their own platforms.
Quantifiable outcome
- Over 10 million customers served globally since 2002
- +4 more outcomes
Companies that use Moneytrans
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
Moneytrans technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature7 records
Moneytrans partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- AXAcoreAXA partnership provides free life and disability insurance to Smile account holders, renewable up to 3 months. This bundled insurance offering enhances the value proposition of the free Smile account and differentiates Moneytrans from pure-play remittance providers.
- MastercardcoreMastercard partnership provides a free debit card to Smile account holders, enabling global purchasing power and ATM cash withdrawals worldwide. The card is offered free upon account opening and serves as a key customer acquisition and retention tool.
- National Bank of BelgiumcoreRegulatory oversight and licensing authority for Moneytrans Payment Services S.A. as a Belgian payment institution. The NBB approval and supervision provides credibility and regulatory moat, allowing operation across 8 European countries under the Belgian license.
- World's safest banks and payer networkmajorMoneytrans works with the world's safest banks and a global network of payers to ensure secure fund transfers and payout services across 140+ countries.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Moneytrans competitors and assessment
Company assessmentDirect peers
- Remitly: US-headquartered digital remittance platform purpose-built for migrants sending money from developed markets to emerging-market corridors. Directly comparable business model targeting diaspora customers with mobile-first transfers.
- TransferGo: London-based digital remittance specialist focused on migrant corridors from Europe to Eastern Europe, Asia, and Africa. Closely comparable to Moneytrans in customer segment (migrant workers in Europe), corridor coverage, and digital-first model.
- WorldRemit: UK-based digital cross-border remittance and mobile money operator with global corridor coverage. Comparable as a digital remittance-first platform serving migrant senders and recipients across 130+ countries.
- Wise (formerly TransferWise): London-listed cross-border payments platform offering multi-currency accounts and low-cost international transfers. Comparable on cross-border money movement and neobanking-adjacent account services for internationally mobile consumers.
- Small World Money Transfer: European-focused remittance provider serving migrant communities from Spain, Italy, and other European countries. Closely comparable in geographic focus (Europe-based senders), corridor coverage (Latin America, North Africa, Asia), and migrant customer segment.
Broad incumbents
- Western Union: Largest global incumbent in cross-border money transfers with an unmatched agent network worldwide. Comparable as a broad remittance incumbent operating in Moneytrans' corridors, but significantly larger and more diversified.
- MoneyGram: Global cross-border P2P payments and money transfer incumbent with extensive agent and digital footprint. Comparable in core cross-border remittance service and corridor coverage, though much larger scale.
- Ria Money Transfer: US-headquartered global remittance provider (Euronet subsidiary) with a wide agent network and digital channels. Comparable as a multi-channel cross-border remittance incumbent operating in Moneytrans' migrant corridors.
Emerging players
- Monese: UK-based mobile-first current account provider focused on migrants, expats, and European customers who struggle to open traditional bank accounts. Comparable to Moneytrans' Smile Account neobanking strategy and migrant-segment focus.
- N26: Berlin-headquartered European digital bank with multi-currency accounts and remittance partnerships. Comparable as a European neobank addressing underbanked and cross-border customer needs, though broader in target market than Moneytrans.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Moneytrans social profiles
Digital presenceMoneytrans compliance and trust
Trust signalCompliance4 records
Moneytrans financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moneytrans leadership team
Management profileNumber of profiles
Profiles3 records
Moneytrans subsidiaries and ownership
Company hierarchySubsidiaries3 records
Moneytrans funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moneytrans 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 Moneytrans
What does Moneytrans do?
Moneytrans is a Belgian-regulated payment institution that delivers cross-border international money transfers to 140+ countries through a digital platform (mobile apps and website) and a network of approximately 3,000 physical agencies across 8 European countries. It bundles these remittances with a free digital current account (Smile Account) carrying a Mastercard debit card, plus complementary financial services including currency exchange, mobile phone top-up, bus and ferry ticketing, bill payment, and life and disability insurance distributed in partnership with AXA. The offering targets migrant workers and diaspora communities living in Europe who send money to family members in their countries of origin.
Is Moneytrans a public or private company?
Moneytrans is a private company. It is classified as venture growth investor backed and is currently operating.
When was Moneytrans founded?
Moneytrans was founded in 2002. It employs 251 to 500 people.
Where is Moneytrans based?
Moneytrans is headquartered in Brussels, Belgium, in the Europe region.
How does Moneytrans make money?
Three revenue lines are on record. Money Transfer Fees & Exchange Margins are the primary driver. The others are payment Account Services and additional Financial Services.
Who are Moneytrans's main competitors?
Direct peers on record are Remitly, TransferGo, WorldRemit, Wise (formerly TransferWise) and Small World Money Transfer. Broad incumbents are Western Union, MoneyGram and Ria Money Transfer. Emerging players are Monese and N26.
Does Moneytrans have an API?
Yes. Moneytrans exposes a public API. Developer documentation is at pac-developer.moneytrans.eu.
What industry is Moneytrans in?
Moneytrans's product category is Cross-Border Remittances and Digital Banking. Its primary akta.pro industry code is FSAMAIAA, Consumer Remittances (P2P), with a secondary code of FSAGAKAA, Consumer P2P International Remittances. Its SIC code is 6199.