Tranglo

What Tranglo does

Tranglo Sdn. Bhd. is a Malaysia-headquartered cross-border payment and digital credit hub founded in 2008, operating a licensed remittance and payments platform across Malaysia, Singapore, Indonesia, the United Kingdom, and the United Arab Emirates. The company operates three product lines: Tranglo Connect, an international payouts solution for licensed Money Service Businesses (MSBs); Tranglo Business, a corporate cross-border payments platform for non-MSB merchants and enterprises supporting payouts to 60+ countries; and Tranglo Recharge, an international airtime top-up and bill payment service for telecom operators, MNOs, MVNOs, and retailers. As of November 30, 2024, Tranglo reported cumulative processed volume of US$24.10 billion, distributed across 5,000+ payout partners, 140,000+ cash pickup points, 2,500+ mobile operators, and over 5,000 bank connections in 100+ countries.

The platform is built on an API-first, single-integration architecture with 24/7 auto-payout, real-time gross settlement, and FX conversion. Core technical differentiators include integration with Ripple's On-Demand Liquidity (ODL) service using XRP as a bridge asset, which enables 3-5 second settlement and claimed 60-70% cost savings versus SWIFT corridors by eliminating pre-funding of correspondent bank accounts. The company also supports SWIFT telegraphic transfers and standard bank / real-time transfer rails. Tranglo maintains ISO27001 certification (TUV Austria) and is licensed by Bank Negara Malaysia (Class B Remittance, #00520), the Monetary Authority of Singapore (Major Payment Institution, #PS20200410), Bank Indonesia, and the UK Financial Conduct Authority.

Tranglo's revenue model is transaction-based: standard pricing on Tranglo Business is 1% per successful transaction with no setup fees, supplemented by FX-spread economics on currency conversion. Custom volume-tier contracts apply to larger MSB and enterprise partners via Tranglo Connect. Named enterprise customers include SingTel, Etisalat, REDtone, Boss Revolution, HyperWallet, Wise, and WeChat Pay, alongside MSB partners such as GEA (Global E-Money Alliance), CROSS ENF, and Global Money Express (GME). The company's go-to-market is partnership-driven across MSBs, fintechs, telecom operators, and financial institutions. Following Currenc Group Inc.'s January 2026 divestiture of its 60% controlling interest to New Margin Holding Limited for US$400 million in cash, Tranglo operates as a privately held subsidiary of a Chinese investment holding company.

Name

Tranglo

Legal name

Tranglo Sdn Bhd

Website

https://tranglo.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Tranglo is a Malaysia-headquartered licensed cross-border payment hub founded in 2008, serving Money Service Businesses, corporates, and telecom operators across 100+ countries via an API-first platform integrating Ripple ODL, SWIFT, and single-API settlement rails.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Services

akta.pro primary industry

Cross-Border Payment Orchestration & Routing (FSAGAKAJ)

akta.pro secondary industries

Cross-Border & Multi-Currency Gateway Services (FSAMACAI), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Cross-border payments
• Remittance services
• International money transfer
• Payment network
• Digital payment platform

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Fees: Tranglo charges transaction fees per successful cross-border payment. Tranglo Business standard pricing is 1% per successful transaction with no setup fee and free virtual account.
2. Foreign Exchange Spread: Revenue generated from currency exchange spreads on cross-border transactions with transparent FX rates and low fixed fees.
3. XRP Bridge Asset Settlement: Through Ripple's ODL system, XRP is used as a bridge currency enabling near-instant transfers without pre-funding correspondent bank accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Tranglo operates a global cross-border payment hub that enables instant international money transfers and payouts to 100+ countries through an API-based platform. The company delivers three core products: Tranglo Connect for licensed Money Service Businesses, Tranglo Business for corporates and merchants, and Tranglo Recharge for international airtime top-ups and bill payments, leveraging integrations with Ripple's On-Demand Liquidity, SWIFT, and a network of 5,000+ payout partners.

Product overview

Tranglo offers a comprehensive suite of cross-border payment solutions organized into three core products: Tranglo Connect for licensed Money Service Businesses, Tranglo Business for non-licensed corporates, and Tranglo Recharge for airtime and bill payments. The platform processes over US$24 billion in transactions across 100+ countries with 5,000+ payout partners and 140,000+ cash pickup points, integrating with RippleNet for On-Demand Liquidity services and supporting SWIFT telegraphic transfers.

Differentiator

Problem solved

Functional benefit

Brands

• Tranglo Connect: International payouts solution for Money Service Businesses (MSB) licensees.
• Tranglo Business
• Tranglo Recharge

Products and services

• Tranglo Connect International payouts solution for licensed Money Service Businesses (MSBs). Enables MSBs to connect once via single API to Tranglo's global payout network with access to 5,000+ payout partners across 100+ countries, 130,000+ cash pickup points, 1,300 banks/wallets, and real-time payment capabilities.
• Tranglo Business Cross-border payments platform for corporates of all sizes that are not licensed payment providers. Supports single and mass international payouts to 60+ countries through 2,500+ partner banks, with real-time settlements, transparent FX rates, batch transfer capabilities, and standard pricing of 1% per successful transaction.
• Tranglo Recharge International airtime top-ups and bill payments solution for telecom operators, MNOs, MVNOs, retail outlets, and e-commerce providers. Connects to over 2,500 mobile operators globally, enabling monetization and diversification through mobile credit transfer, data packages, and prepaid utility/entertainment/gift voucher services.

Quantifiable outcome

• 70% growth in transactions within 3 months for GEA using ODL
• +4 more outcomes

Named customers9 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

Integration5 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• RipplecoreTechnology or Integration · 1 January 2019Tranglo is a close partner of Ripple, leveraging RippleNet global financial network and On-Demand Liquidity (ODL) service that uses XRP as bridge currency. ODL eliminates pre-funding requirements enabling 3-5 second settlement and 60-70% cost savings vs SWIFT corridors. This partnership enables Tranglo to offer enterprise blockchain-based cross-border payment solutions.
• CROSS ENFcoreChannel Partner/ Reseller/ Distributor · 1 January 2019CROSS ENF (South Korea) accessed Tranglo Connect for single-connection to 24 countries and corridors. Partnership enabled 5000% growth in Philippine corridor transactions within 2 months, supporting CROSS ENF's app 'Cross' processing USD200 million in remittances.
• GEA (Global E-Money Alliance)coreChannel Partner/ Reseller/ Distributor · 1 January 2019GEA leveraged Ripple ODL through Tranglo to eliminate pre-funding, achieving 70% transaction growth in 3 months. GEA connects 300+ million consumers and USD1 billion in transactions across 160+ countries.
• Global Money Express (GME)coreChannel Partner/ Reseller/ Distributor · 1 January 2017GME (South Korea) gained single-connection access to 18 countries through Tranglo. With 235,000 transactions worth USD60+ million processed (YTD October 2019), GME expanded to 4 more branches.
• REDtonecoreStrategic or Co-development Partner · 1 January 2014Partnership enabling e-remittance and digital gifting solutions. Tranglo connects REDtone subscribers to Alfamart's 10,000+ store outlets in Indonesia for e-pin redemption and PLN prepaid electricity top-ups via SMS.
• EtisalatflagshipStrategic or Co-development Partner · 1 January 2013Launched UAE's first International Credit Transfer in 2013, expanding Etisalat's network to over 170 mobile network operators in 70+ countries. The service allowed prepaid subscribers to transfer airtime globally, serving Etisalat's 7+ million active mobile users.
• SingTelflagshipStrategic or Co-development Partner · 1 September 2012Launched Singapore's first self-serve remittance service (mRemit) in September 2012, enabling transfers to Philippines, Indonesia and India through SingTel's mWallet app or SMS. The partnership garnered over 25,000 users within first two years, providing services for ~180,000 Indonesians in Singapore.
• SBI RemitminorChannel Partner/ Reseller/ DistributorJapan's first XRP-based remittance provider routing cross-border transfers through Ripple's network; $15 billion cumulative transfer volume milestone; Japan anchors over half of Ripple's global ODL volume.
• NiumminorChannel Partner/ Reseller/ DistributorPayment provider using XRP through Ripple's ODL system for cross-border remittances, one of four companies actively routing live transfers using XRP as bridge asset.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Wise: Wise (formerly TransferWise) operates a global cross-border money movement platform serving both consumers and businesses in 70+ countries — appears as a customer logo on Tranglo's site but is also a direct competitor increasingly offering partner APIs to corporates and fintechs.
• Nium: Nium is a Singapore-headquartered cross-border payments network providing real-time payouts to 190+ countries via a single API for fintechs, banks, and corporates — directly comparable to Tranglo Connect and Tranglo Business in both product scope and target customer base.
• Airwallex: Airwallex provides cross-border payments and FX for businesses via API, with multi-currency accounts and global payouts — directly comparable to Tranglo Business for non-MSB corporate customers and increasingly competitive in Asia-Pacific corridors.
• Remitly: Remitly is a NASDAQ-listed digital remittance platform serving senders in 50+ countries to 170+ corridors — competes with Tranglo's MSB and corporate customers for remittance volume, particularly in US-to-Philippines and US-to-India lanes.
• TerraPay: TerraPay is a cross-border payments network connecting MSBs, banks, and mobile wallets across 150+ countries — closely comparable to Tranglo in terms of MSB focus, payout-corridor breadth, and emerging-market coverage.
• Payoneer: Payoneer provides cross-border B2B payment solutions including mass payouts, working capital, and multi-currency accounts for freelancers and SMBs — directly comparable to Tranglo Business for cross-border corporate payments and supplier disbursements.

Broad incumbents

• MoneyGram: MoneyGram is a global remittance incumbent with cash pickup networks in 200+ countries and a rapidly expanding digital business — overlaps with Tranglo's payout network and cash-pickup partner footprint, but operates as a much larger brand-led consumer service.
• Western Union: Western Union is the largest traditional cross-border remittance incumbent with a 200-country network — comparable to Tranglo's broad payout infrastructure but operating at vastly larger scale and with established consumer brand recognition.

Others

• Ripple: Ripple is Tranglo's core technology partner providing RippleNet messaging and On-Demand Liquidity (ODL) infrastructure using XRP — included as a peer because Tranglo's core differentiator is built on Ripple's rails, making Ripple both a dependency and a competitive threat if it moves down-stack into direct payout services.

Regional players

• SBI Remit: SBI Remit is Japan's first XRP-based remittance provider routing transfers through Ripple's network — directly comparable as a Ripple ODL partner for cross-border remittances, but primarily serving Japan as a source market rather than competing head-on in Tranglo's Southeast Asian corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Tranglo
• Facebookfacebook.com/tranglo
• LinkedInlinkedin.com/company/tranglo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors1 record

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 Tranglo