TKash
TKash is a privately held Malaysian fintech that operates a cross-border remittance and currency exchange platform, enabling MYR-based users to send money to 10 Asian corridors within 15 minutes via a mobile app and web portal. It primarily serves expatriates, migrant workers, travelers, and small businesses based in Malaysia.
- Company typePrivate
- Founded2023
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2C
- OfferingServices
What TKash does
TKash is a privately held Malaysian fintech operating a cross-border remittance and currency exchange platform targeted at expatriates, migrant workers, frequent travelers, and small business operators based in Malaysia. Founded around mid-2023 by a group of Malaysian tech enthusiasts (the company's About Us narrative and a 1-year anniversary promotion running July–September 2024 corroborate this), TKash enables users to convert Malaysian Ringgit (MYR) and send money to bank accounts in 10 destination corridors — Bangladesh, Indonesia, India, the Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, and Nepal — with a published SLA of within 15 minutes per transfer. The platform runs on iOS, Android (via Apple App Store, Google Play, and a direct APK build hosted on AWS S3 in ap-southeast-1), and a web portal at tkash.co, with a registration flow supporting 9 languages.
The core technology stack comprises a daily-refreshed live FX rate engine (updated at 1:30PM Malaysia time, UTC+8) covering all 10 corridors, a multi-currency custodial wallet supporting MYR, THB, and USDT balances, a multi-rail top-up aggregator integrating 10 Malaysian banks (Public Bank, Maybank, CIMB, RHB, AmBank, Hong Leong, BSN, Alliance, Affin), four telcos (Digi, Celcom, Maxis, U Mobile), and e-wallets (Touch'n Go, DuitNow), and a KYC-compliant onboarding flow. Reported scale metrics include 'over a hundred thousand customers,' 51–100 employees, and brand features in 30+ international and regional media outlets (Yahoo Finance, Morningstar, Vulcan Post, Asia Insurance Review, The Saigon Times).
Revenue is generated through per-transaction money transfer fees, FX spreads on MYR-to-corridor-currency conversions, and a gamified VIP membership programme offering EXP-point progression, referral rewards, and earning potential of up to RM150,000 per month at the top tier. Distribution is direct-to-consumer via mobile app stores and an in-person cash-deposit/customer-service channel (10am–12am daily) for underbanked and cash-preferring users. No public developer API, no disclosed institutional funding beyond a single $2M round flagged in the source (date inconsistent with company-stated founding), and no management team, cap-table, or revenue figures are publicly disclosed.
TKash firmographics
Firmographics- Name
- TKash
- Legal name
- TKASH
- Website
- https://tkash.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TKash is a privately held Malaysian fintech that operates a cross-border remittance and currency exchange platform, enabling MYR-based users to send money to 10 Asian corridors within 15 minutes via a mobile app and web portal. It primarily serves expatriates, migrant workers, travelers, and small businesses based in Malaysia.
- Ownership category
- akta.pro rank
TKash industry classification
Industry- Product category
- Cross-Border Remittance Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), International / Multi-Currency Wallets (FSAMAEAL), Cross-Border & FX Payments Platforms (BPAMAFAK), Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO)
Keywords
Where TKash is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
TKash 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 Transaction Fees: Per-transaction fee charged on cross-border remittances (e.g., Malaysia-to-Bangladesh, Indonesia, India, Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, Nepal). Fees are displayed upfront at quote time.
- Currency Exchange Spread: Revenue earned on the spread between live mid-market FX rates and the customer-facing exchange rate offered for converting MYR into BDT, IDR, INR, PHP, PKR, SGD, VND, THB, MMK, and NPR.
- VIP Membership Program Rewards / Tiered Earning: VIP tier system where members earn EXP points from missions (sending money, referring friends) and can earn up to RM150,000 per month; rewards and benefits (priority support, discounts, VIP-only events) tied to maintaining/upgrading tier status.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Per-transaction fees on cross-border money transfers with FX spread |
| Other | Pay-as-you-go | VIP tier (e.g., VIP1) with EXP-point progression and bonus rewards |
| Freemium | Pay-as-you-go | Promotional zero-fee remittance campaigns |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
TKash product offering
Product offeringCore offering
TKash provides a mobile-first cross-border money transfer and currency exchange service that lets Malaysia-based users send MYR to bank accounts across 10 Asian destination countries (Bangladesh, Indonesia, India, Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, Nepal) with stated 15-minute delivery, upfront fee and FX transparency, and live daily buy/sell rates. The platform is accessible via iOS, Android, and web, and is supported by an in-app multi-currency wallet (MYR/THB/USDT) and a multi-rail top-up aggregator spanning 10 Malaysian banks, 4 telcos (Digi, Celcom, Maxis, U Mobile), and e-wallets (Touch'n Go, DuitNow).
Product overview
TKash operates a single unified remittance-and-FX platform — branded as tKash — that bundles four tightly integrated products around an iOS/Android mobile app and a web portal. The core offering is Instant Money Transfers, which moves MYR from Malaysian senders into bank accounts across 10 Asian corridors (Bangladesh, Indonesia, India, Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, Nepal) within roughly 15 minutes. Layered on top are the Currency Exchange product (spot FX across the same 10 currencies with rates refreshed daily at 1:30PM Malaysia time) and Secure Wallets, which hold user balances in MYR, THB, and USDT between transactions. The Live Foreign Currency Rates module surfaces daily buy/sell rates across all 10 corridors inside the same interface, and the VIP Membership programme overlays the whole stack with tiered EXP-point rewards, priority support, and VIP-only events. Funds-in to the platform is supported through Cash Deposit, Online Banking (Public Bank, Maybank, Maybank QR Pay, CIMB, RHB, AmBank, Hong Leong, BSN, Alliance Bank, Affin), Telco PIN (Digi, Celcom, Maxis, U Mobile), and E-Wallet (Touch 'n Go, DuitNow) channels.
Differentiator
Problem solved
Functional benefit
Brands
- TK8 Game: An in-app game referenced within tKash promotions (e.g., users need to complete Send Money or Play TK8 Game to qualify for rewards).
Products and services
- Instant Money Transfers Cross-border remittance service letting Malaysia-based users send money from MYR to bank accounts across 10 destination countries (Bangladesh, Indonesia, India, Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, Nepal), with published exchange rates, upfront fees, and an expected delivery time of within 15 minutes.
- Currency Exchange Spot FX service covering 10 corridor currencies (BDT, IDR, INR, PHP, PKR, SGD, VND, THB, MMK, NPR) with live buy/sell rates refreshed daily at 1:30 PM Malaysia time.
- tKash VIP Membership Programme Tiered loyalty programme where members earn EXP points from missions (sending money, referring friends) and unlock priority support, special discounts, VIP-only events, and earnings potential up to RM150,000 per month.
- tKash Mobile App (iOS and Android) Native mobile client (iOS and Android) plus direct APK distribution that delivers the core money-transfer, currency-exchange, wallet, registration, KYC, top-up, rate-viewing, and transfer-status-tracking experience.
- Cash Deposit and In-Person Customer Service Walk-in cash deposit and in-person customer service channel in Malaysia (10am-12am daily) plus in-person currency exchange and withdrawal (10am-10pm daily), supporting users who prefer or require cash top-ups and physical service.
Quantifiable outcome
- Transfers delivered within 15 minutes
- +3 more outcomes
Companies that use TKash
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
TKash technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
Feature5 records
TKash partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and flagship.
- Public BankcorePublic Bank is integrated as a top-up rail so tKash users can fund their wallets via online banking from Public Bank accounts. Listed under tKash's accepted payment methods on the homepage.
- MaybankflagshipMaybank is integrated as a top-up rail for online banking funding and Maybank QR Pay is also supported as a payment method. Listed on tKash homepage among accepted payment methods.
- CIMB BankcoreCIMB Bank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- RHB BankcoreRHB Bank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- AmBankcoreAmBank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- Hong Leong BankcoreHong Leong Bank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- Bank Simpanan Nasional (BSN)coreBSN integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- Alliance BankcoreAlliance Bank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- Affin BankcoreAffin Bank integrated as an online-banking top-up rail for tKash wallet funding. Listed under accepted payment methods.
- Touch'n Go eWalletflagshipTouch'n Go eWallet integrated as a top-up payment method for tKash wallet funding. Listed under accepted payment methods and shown as a default payment selector in the app's top-up flow.
- DuitNow
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
TKash competitors and assessment
Company assessmentBroad incumbents
- MoneyGram: Global money transfer operator with large cash-payout agent network across all 10 of tKash's destination corridors. Represents the incumbent offline MTO model that tKash's digital proposition is targeting for disintermediation.
- Wise: Global cross-border money transfer and multi-currency account provider serving 40+ currencies with transparent mid-market-rate pricing. Sets the benchmark for transparent pricing that tKash explicitly emulates and represents the most threatening global incumbent expanding into Malaysian corridors.
- Remitly: US-headquartered digital remittance platform focused on migrant corridors into Philippines, India, Bangladesh, Pakistan and other tKash destinations. Comparable target customer (migrant workers) and corridor overlap, with significantly more capital.
- WorldRemit: Global digital remittance platform serving 130+ countries with mobile-wallet and bank-deposit payouts across most of tKash's 10 destination corridors. Comparable on corridor coverage and migrant-worker focus.
Regional players
- Touch 'n Go: Malaysia's dominant homegrown e-wallet, integrated into tKash's top-up rail. While not a direct remittance competitor at scale, it represents the most likely domestic partner-or-competitor dynamic given its MYR e-money user base and ongoing expansion into cross-border QR payments.
Direct peers
- Tranglo: Southeast Asia-based cross-border payment and remittance network connecting mobile wallets, banks, and cash-payout agents across 100+ countries. Comparable on corridor breadth into Bangladesh, Indonesia, Philippines, Pakistan and Vietnam and on B2B/B2C remittance rails.
- Nium (formerly InstaReM): Singapore-headquartered cross-border payments platform offering multi-currency accounts, remittance, and FX APIs into 100+ corridors. Closest comparable in product architecture (multi-currency wallets, FX, remittance) and Singapore/SEA base.
- Xe (Currency Exchange): Currency exchange and live FX rate reference brand with cross-border money transfer services. Directly comparable to tKash's currency exchange and live-rate display products, particularly for travelers and small business FX users.
- Merchantrade: Malaysia-headquartered money services operator offering multi-currency e-wallets, remittance, and currency exchange to migrant workers and expatriates. Closest direct peer given overlapping Malaysia-centric migrant remittance, multi-currency wallet, and physical cash-deposit footprint.
- MaxMoney: Cross-border remittance and currency exchange brand operating across Malaysia, Singapore and other ASEAN markets with multi-currency wallets and migrant-worker focus. Directly comparable in customer segment (expatriates/migrant workers) and corridor set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
TKash social profiles
Digital presenceTKash compliance and trust
Trust signalCompliance1 record
TKash financial estimates
Financial estimateRevenue estimate
Valuation estimate
TKash leadership team
Management profileNumber of profiles
Profiles1 record
TKash funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TKash 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 TKash
What does TKash do?
TKash provides a mobile-first cross-border money transfer and currency exchange service that lets Malaysia-based users send MYR to bank accounts across 10 Asian destination countries (Bangladesh, Indonesia, India, Philippines, Pakistan, Singapore, Vietnam, Thailand, Myanmar, Nepal) with stated 15-minute delivery, upfront fee and FX transparency, and live daily buy/sell rates. The platform is accessible via iOS, Android, and web, and is supported by an in-app multi-currency wallet (MYR/THB/USDT) and a multi-rail top-up aggregator spanning 10 Malaysian banks, 4 telcos (Digi, Celcom, Maxis, U Mobile), and e-wallets (Touch'n Go, DuitNow).
Is TKash a public or private company?
TKash is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TKash founded?
TKash was founded in 2023. It employs 51 to 100 people.
Where is TKash based?
TKash is headquartered in Singapore, Singapore, in the Asia region.
How does TKash make money?
Three revenue lines are on record. Money Transfer Transaction Fees are the primary driver. The others are currency Exchange Spread and VIP Membership Program Rewards / Tiered Earning.
Who are TKash's main competitors?
Broad incumbents on record are MoneyGram, Wise, Remitly and WorldRemit. Touch 'n Go is listed as a regional player. Direct peers are Tranglo, Nium (formerly InstaReM), Xe (Currency Exchange), Merchantrade and MaxMoney.
Does TKash have an API?
No public API is recorded for TKash.
What industry is TKash in?
TKash's product category is Cross-Border Remittance Services. Its primary akta.pro industry code is FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers, with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 522320 and its SIC code is 6200.