Rextie
Rextie is Peru's first online USD/PEN currency exchange platform, founded in 2016, serving 250,000+ individuals and 17,000+ businesses through a 100% digital platform integrated with 15+ Peruvian banks and CitiFX Pulse technology, with expansion into Canada planned for 2025.
- Company typePrivate
- Founded2016
- HeadquartersSan Isidro, Peru
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Rextie does
Rextie S.A.C. is a Peruvian fintech operating the country's first online currency exchange platform, founded in 2016 by Mateu Batle (CEO), Claudia Quintanilla (COO), and Matías Maciel (CFO). The company enables individuals and businesses to exchange US dollars for Peruvian soles through a 100% digital interface — web, iOS, Android, Huawei, and Wear OS smartwatch apps — with direct integration to 15+ Peruvian banks for instant or same-day transfers. Beyond the consumer platform, Rextie operates Rextie Business (a B2B tier with exclusive corporate exchange rates, financial advisory, and downloadable SUNAT-compliant e-invoices), Rextie Factoring (digital invoice auction for working capital), Confirming (accounts-payable management), Rextie Visa (card products in alliance with Visa), and international SWIFT-based money transfers launched in 2024.
The underlying technology stack is cloud-based and built around banking API connectivity, real-time rate processing, and the CitiFX Pulse and Instant Payments engine integrated under Rextie's August 2023 strategic partnership with Citigroup — the first fintech investment in Latin America by a major global bank. Security and compliance infrastructure includes ISO 27001:2022 certification (the first online FX in Peru to obtain it), authorization under SBS Resolution No. 0684-2017-SBS, automated PLAFT processes via RENIEC and SUNAT integrations, and AML screening through Cumplo 360 with Dow Jones sanctions lists.
Rextie generates revenue primarily through the bid-ask spread on USD/PEN exchange (advertised at an average S/ 0.027 versus S/ 0.080 at traditional banks), transaction fees on international SWIFT transfers, and fees on factoring/confirming services. Distribution is product-led for retail (250,000+ individuals) and a hybrid of self-service plus dedicated relationship management for business (17,000+ companies including Agrícola Pampa Verde, Vancard Perú, Grupo Santa Ana, and Freshmart). The company has processed more than US$7 billion cumulatively across over 2 million operations and, supported by an undisclosed strategic investment from Citi and a US$1.4 million 2022 seed round from Grupo RPP, announced international expansion to Canada in 2025.
Rextie firmographics
Firmographics- Name
- Rextie
- Legal name
- Rextie S.A.C.
- Website
- https://rextie.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Rextie is Peru's first online USD/PEN currency exchange platform, founded in 2016, serving 250,000+ individuals and 17,000+ businesses through a 100% digital platform integrated with 15+ Peruvian banks and CitiFX Pulse technology, with expansion into Canada planned for 2025.
- Ownership category
- akta.pro rank
Rextie industry classification
Industry- Product category
- Online Currency Exchange Services
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Rextie is headquartered
LocationHeadquarters
- HQ city
- San Isidro
- HQ country
- Peru
- HQ region
- Latin America
Offices2 records
Markets served
Rextie business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Currency Exchange Spread: Revenue generated from the spread between buy and sell exchange rates offered to customers. Company claims spread average nearly three times lower than banks (S/ 0.027 vs S/ 0.080)
- Rextie Factoring: Digital factoring and confirming services enabling businesses to auction invoices and access working capital through the platform
- International Transfers: International money transfer services using SWIFT network and correspondent banking relationships for cross-border transactions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Minimum transaction: $1 for select banks, $20 for interbank transfers |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Rextie product offering
Product offeringCore offering
Rextie is an online currency exchange platform based in Peru that enables individuals and businesses to convert between Peruvian soles and foreign currencies such as US dollars through a digital, ISO 27001-certified platform. It serves retail clients via its Personas offering and corporate clients via its Empresas offering, monetizing through the spread applied to foreign exchange transactions.
Product overview
Rextie operates as a modular fintech platform centered on its core online currency exchange (FX) service, which enables individuals and businesses to exchange US dollars for Peruvian soles through bank transfers. The platform's primary offering is the Rextie Core Platform, supported by Rextie Business (a corporate tier with exclusive rates and advisory services), Rextie Factoring (digital invoice auction for liquidity), Confirming (accounts payable management), Rextie Visa (card products), and a Mobile/Web App for access across devices including smartwatches. An exchange rate information service and newsletter round out the consumer-facing portfolio. All services are interconnected through a single account system, shared bank integration infrastructure, and shared compliance and security infrastructure (ISO 27001, SBS authorization).
Differentiator
Problem solved
Functional benefit
Brands
- Rextie Business: Corporate currency exchange service offering exclusive exchange rates, financial advisory, and specialized services for businesses.
- Rextie Factoring
- Confirming
Products and services
- Rextie Personas (Personal currency exchange) Online FX platform offering that enables individual consumers in Peru to convert Peruvian soles to US dollars and other foreign currencies digitally, with ISO 27001 certified security and self-serve onboarding.
- Rextie Empresas (Business currency exchange) Dedicated online currency exchange offering for Peruvian businesses, providing streamlined corporate FX conversion between Peruvian soles and foreign currencies via the Rextie platform's certified security infrastructure.
Quantifiable outcome
- Spread 3x lower than banks (S/ 0.027 vs S/ 0.080 average)
- +3 more outcomes
Companies that use Rextie
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Rextie technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration30 records
AI capability5 records
Feature5 records
Rextie partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- VisacoreCommercial alliance with Visa enabling payment card integration and services. Strategic partnership for payment infrastructure enhancement.
- Peruvian Banking Network (BCP, Interbank, Pichincha, Banbif, BBVA, Scotiabank, Banco de Comercio, MiBanco, Santander, Agrobanco, GNB, ICBC, Banco Azteca, Banco de la Nación, Banco Falabella, Citibank, Crediscotia, Ripley)coreIntegration with 15+ Peruvian banks enabling instant interbank transfers in 15 minutes for select banks and 24 hours for others. Provides customers with flexibility to transfer from any bank account.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Rextie competitors and assessment
Company assessmentRegional players
- dLocal: LatAm-focused payments platform enabling global merchants to process payments in emerging markets. Comparable as a LatAm fintech infrastructure player with cross-border capabilities, though focused on merchant payments rather than FX exchange.
- Bitso: Latin America's largest crypto exchange with growing FX and cross-border payment services. Comparable as a LatAm fintech serving both individuals and businesses with currency-related products, though with a crypto-first model.
Direct peers
- Conotoxia: Online currency exchange and remittance platform serving both retail and business customers. Comparable in offering FX exchange with transparent pricing and a multi-channel digital platform (web, mobile).
- Kantox: FX and currency management platform for businesses, offering currency exchange and hedging solutions. Comparable in serving corporate treasuries with dynamic currency exchange and integrated treasury workflows.
- Cambia FX: Online currency exchange and international payments provider for individuals and businesses. Comparable as a digital FX platform offering competitive exchange rates and multi-bank transfer capabilities.
- Ebury: Cross-border payments and FX specialist serving SMBs and mid-market companies. Comparable as a corporate FX and international payments platform with similar advisory-led B2B motion and competitive spread pricing.
- Airwallex: Global cross-border payments and FX platform for businesses. Comparable as a digital-first FX/cross-border platform targeting SMBs with multi-currency accounts and competitive FX rates — directly analogous to Rextie Business.
- OFX (formerly OzForex): Global online foreign exchange and international payments provider. Comparable in offering competitive FX rates and international money transfers for both individuals and businesses via a digital platform.
- Wise (formerly TransferWise): Global digital cross-border payments and currency exchange platform serving individuals and businesses. Comparable in offering multi-currency exchange at transparent spreads via a 100% digital model, with similar product-led growth motion targeting both consumers and SMEs.
Broad incumbents
- Western Union: Global cross-border money transfer incumbent. Comparable in serving international money transfer and currency exchange needs, though operating a much broader physical/digital network and not specializing in the LatAm FX niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Rextie social profiles
Digital presenceRextie compliance and trust
Trust signalCompliance3 records
Rextie financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rextie leadership team
Management profileNumber of profiles
Profiles1 record
Rextie funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rextie 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 Rextie
What does Rextie do?
Rextie is an online currency exchange platform based in Peru that enables individuals and businesses to convert between Peruvian soles and foreign currencies such as US dollars through a digital, ISO 27001-certified platform. It serves retail clients via its Personas offering and corporate clients via its Empresas offering, monetizing through the spread applied to foreign exchange transactions.
Is Rextie a public or private company?
Rextie is a private company. It is classified as venture growth investor backed and is currently operating.
When was Rextie founded?
Rextie was founded in 2016. It employs 1 to 10 people.
Where is Rextie based?
Rextie is headquartered in San Isidro, Peru, in the Latin America region.
How does Rextie make money?
Three revenue lines are on record. Currency Exchange Spread is the primary driver. The others are rextie Factoring and international Transfers.
Who are Rextie's main competitors?
Regional players on record are dLocal and Bitso. Direct peers are Conotoxia, Kantox, Cambia FX, Ebury, Airwallex, OFX (formerly OzForex) and Wise (formerly TransferWise). Western Union is listed as a broad incumbent.
Does Rextie have an API?
No public API is recorded for Rextie.
What industry is Rextie in?
Rextie's product category is Online Currency Exchange Services. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its SIC code is 6200.