TranSwap

What TranSwap does

TranSwap is a Singapore-headquartered cross-border payment infrastructure provider founded in 2015, operating under five regulated payment and e-money licenses: MAS Major Payment Institution (Singapore, PS20200415), FCA Electronic Money Institution (UK, FRN 963951), HK Customs and Excise Department Money Service Operator (16-07-01882), Bank Indonesia Fund Transfer Operator (21/248/Sr/3), and FINTRAC Money Services Business (Canada, M22512088). The company serves three segments — institutional and corporate clients, individual/personal remitters, and platform partners via Fintech-as-a-Service (FaaS) — with operational offices in Singapore, Edinburgh, Hong Kong, Tangerang (Indonesia), and a channel partnership in Macau through BDO Remit.

The core product suite comprises a Multi-Currency Business Account (34 currencies, local clearing in SG, UK, US, EU, HK, ID), institutional Payments, Collections, and Mass Payouts, FX and Conversions on 24+ currency pairs with rate-lock capability, and a personal account suite for Send Money, Receive Money, and Large Amount Transfers (from $25,000). The FaaS product exposes the same infrastructure via a single REST API with virtual IBANs/sort codes/routing numbers, enabling platforms to white-label payments, collections, FX, and multi-currency accounts under TranSwap's regulatory footprint, with claimed 4-8 week integration cycles. Underlying technology includes real-time FX rates sourced from tier-1 liquidity providers, segregated client funds at tier-1 global banks, and rules-based AML/CFT screening against OFAC, EU, UN, and HMT sanctions lists with human review on elevated-risk transactions.

The business model is transactional: TranSwap earns FX spreads and per-transaction fees on payments and currency conversions, plus administration fees for amendments, rejections, cancellations, and retrieval requests, with all-in pricing displayed before transaction confirmation. Distribution is hybrid — enterprise field sales with dedicated relationship managers for institutional accounts, self-serve product-led growth for personal accounts, and API-first embedding for platform partners. TranSwap reports processing $2B+ annual volume across 180+ countries with a 99.2% settlement success rate. The company is privately held, with only two disclosed funding events (an undisclosed 2016 round from Quest Ventures and a $200,000 2020 round from the AMTD ASEAN-Solidarity Fund), and employs 51-100 people.

Name

TranSwap

Legal name

Transwap Private Limited

Website

https://transwap.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

TranSwap is a Singapore-headquartered, multi-jurisdictional cross-border payment infrastructure provider offering multi-currency accounts, FX, payments, collections, and embedded FaaS APIs to institutional clients, individuals, and platform partners across 180+ countries.

Ownership category

akta.pro rank

Product category

Cross-Border Payments

akta.pro primary industry

Cross-Border & Multi-Currency Gateway Services (FSAMACAI)

akta.pro secondary industry

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

Keywords

• Cross-border payments
• Multi-currency accounts
• FX conversions
• Remittance services
• Payment infrastructure

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees and FX Spreads: Transwap charges transaction fees and FX spreads on each payment transaction. Fees vary by plan, corridor, and volume. All FX rates and total charges are displayed before transaction confirmation with full transparency on spread, margin, and fees. No hidden markups.
2. Conversion Fees: Currency conversion fees apply for each conversion between currencies in accounts. Conversion fees are displayed before ordering, and users must agree to fees to proceed with conversion.
3. Administration Fees: Fees charged for amendments, rejections, cancellations, or retrieval requests for transactions, regardless of whether the retrieval is successful.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

TranSwap (Transwap Private Limited) is a Singapore-based FinTech founded in 2015 that provides cross-border payments and foreign exchange infrastructure. The company offers multi-currency business and personal accounts, payment/collection/mass payout services, FX conversion, and a Fintech-as-a-Service (FaaS) API that enables other platforms to embed cross-border payment and FX functionality.

Product overview

TranSwap is a regulated cross-border settlement infrastructure platform offering two primary product lines: Multi-Currency Accounts (for both Business and Personal segments) and a Fintech-as-a-Service API platform. The Business suite includes Payments, Collections, Mass Payouts, and FX Conversions, while the Personal offering covers Send Money, Receive Money, and Large Amount Transfers. All products operate under TranSwap's multi-jurisdictional licenses (MAS, FCA, HKCED, Bank Indonesia, FINTRAC) with local clearing access across Singapore, UK, US, EU, Hong Kong, and Indonesia. The platform supports 34 currencies for accounts, 24+ currencies for transfers, and 15+ currencies for local collection accounts, processing over $2B annually across 180+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Currency Business Account
• Multi-Currency Personal Account
• Payments, Collections and Mass Payouts
• FX and Currency Conversions
• Send Money / Receive Money / Large Amount Transfers
• Fintech-as-a-Service (FaaS) API

Quantifiable outcome

• Up to 40% lower FX costs compared to traditional banks
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• BDO Remit (Macau)minorChannel Partner/ Reseller/ DistributorTranswap partners with BDO Remit in Macau for remittance services. Macau services are delivered through this partnership arrangement rather than a direct Transwap license. Macau is served via this corridor for incoming and outgoing payments.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Airwallex: Melbourne/Singapore-headquartered cross-border payments platform offering multi-currency business accounts, FX, payments, and an embedded APIs (Airwallex API). Closest competitor to TranSwap given shared Asia-Pacific anchor, B2B focus, and FaaS positioning.
• Nium: Singapore-based cross-border payments-as-a-service provider with multi-jurisdictional licensing (MAS, FCA, MAS in SG, etc.) and a single API for payouts, collections, FX, and issuing. Directly comparable to TranSwap on FaaS model and Singapore HQ.
• Wise: Publicly listed cross-border money movement and multi-currency account provider covering 160+ countries. Same core use cases (multi-currency accounts, international transfers, transparent FX) with both consumer and business tiers.
• dLocal: Uruguay-headquartered payments platform purpose-built for emerging markets, offering local payment methods, FX, and cross-border settlement across LATAM, APAC, Africa, and MEA. Comparable emerging-market cross-border focus and B2B GTM.
• OFX: Global cross-border payments and FX specialist serving businesses and individuals with international transfers and FX risk management. Comparable institutional FX and SMB remittance mix.
• Verto: Cross-border B2B payments platform with multi-currency accounts, FX, and embedded payment APIs targeted at emerging markets. Similar product surface and emerging-market focus as TranSwap.
• PingPong: Cross-border payment service provider for SMBs and platforms, with multi-currency accounts, FX, and payout APIs especially strong in China and emerging Asia corridors. Direct overlap on TranSwap's SME and FaaS segments.
• Revolut Business: Business tier of Revolut offering multi-currency accounts, international payments, and FX in 150+ countries. Comparable product surface for SMBs needing multi-currency treasury and cross-border payouts.
• Currencycloud: Cross-border payments-as-a-service API (now part of Visa) offering multi-currency wallets, FX, payouts, and collections. The cleanest API-only FaaS comparable for TranSwap's platform segment.
• WorldRemit: Cross-border remittance and multi-currency wallet provider serving consumers and SMBs across 130+ countries. Comparable personal-accounts-plus-cross-border-payments mix that drives TranSwap's individual segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TranSwap

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 TranSwap