TransferTo

What TransferTo does

TransferTo is a Singapore-headquartered B2B fintech infrastructure company operating in 160 countries with payment rails covering 130+ markets. Through its proprietary technology platform, it enables fintechs, banks, marketplaces, digital wallets, super apps, PSPs, and mobile operators to accept, settle, and make payments, including AML and compliance services. The company positions itself around economic inclusion in emerging markets, where it offers four core product lines: Global Payments Infrastructure, Banking as a Service, Digital Value Services (telecom transfers, mobile data, prepaid top-ups, bill payments, vouchers), and MVNO Infrastructure (telco backend outsourcing). Sub-brands Thunes, Ezra, and DT One extend the platform across cross-border payments and digital value services.

The business operates a platform-plus-services architecture monetized primarily through transaction fees on payment processing and digital value services, supplemented by subscription or recurring revenue from the Banking as a Service product line. Go-to-market is API-first for integration partners combined with enterprise field sales targeting mobile operators, banks, and marketplaces; pricing is quote-based for enterprise engagements and not publicly disclosed. The company distributes through OEM/embedded API integrations, strategic partnerships, and direct enterprise sales globally, with named relationships including Ecobank Group for cross-border payments across 32 Sub-Saharan African countries.

Founded by Eric Barbier and operating under the legal entity TransferTo Investments Pte Ltd, the company employs 570 people across 50+ nationalities. Strategic emphasis is on emerging market corridors and complex cross-border use cases, leveraging on-ground networks and partnerships to differentiate from purely technical competitors. The customer base spans five primary segments (mobile operators, digital wallets and super apps, PSPs and fintechs, marketplaces and merchants, and banks), with no publicly disclosed revenue or funding history.

Name

TransferTo

Legal name

TransferTo Investments Pte Ltd

Website

https://transfer-to.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

TransferTo is a Singapore-based B2B fintech infrastructure provider operating in 160 countries, enabling fintechs, banks, marketplaces, digital wallets, and mobile operators to process payments, banking services, and digital value transfers across 130+ markets, primarily in emerging economies.

Ownership category

akta.pro rank

Product category

Cross-Border Payments Infrastructure

NAICS

Commercial Banking (52211)

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Consumer Remittances (P2P) (FSAMAIAA), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Cross-border payments infrastructure
• Mobile payment network
• Digital value services
• Banking-as-a-service platform
• Fintech payment APIs

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. B2B Payment Infrastructure Services: Provides payment acceptance, settlement, and processing infrastructure to fintechs, banks, and marketplaces globally. Revenue generated through transaction processing fees and service licensing.
2. Banking as a Service: Platform infrastructure allowing partners to access banking services on a plug-and-play basis
3. Digital Value Services: Mobile top-up, data, utility payments, gaming payouts and voucher services infrastructure for telecom players

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

TransferTo is a worldwide B2B fintech infrastructure company that enables Fintechs, Banks, and Marketplaces to accept, settle, and make payments in 130+ countries through its proprietary technological platform. Its portfolio spans cross-border payments, Banking-as-a-Service, Digital Value Services (mobile top-up, data, bill payments, vouchers), and MVNO backend infrastructure, targeting complex problems in emerging markets.

Product overview

TransferTo is a worldwide B2B fintech infrastructure company offering a platform-plus-services architecture. The portfolio comprises four core product lines: Global Payments Infrastructure (enabling cross-border payments and settlements across 130+ countries with AML/compliance), Banking as a Service (allowing partners to plug-and-play into banking services), Digital Value Services (supporting mobile data, prepaid top-ups, bill payments, vouchers, and telecom transfers), and MVNO Infrastructure (enabling telco players to outsource their backend operations). Together these products enable seamless payments, value transfers, mobile top-ups, utility and gaming payouts, and buy now pay later experiences for businesses operating in emerging markets.

Differentiator

Problem solved

Functional benefit

Brands

• Thunes: Global payment network platform integrated with TransferTo's infrastructure for cross-border payments.
• DT One

Products and services

• Global Payments Infrastructure

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Ecobank GroupcoreStrategic or Co-development Partner · 1 January 2024Strategic partnership to expand financial access and cross-border payments across Sub-Saharan Africa. The collaboration involves Thunes, Ezra, DT One and Ecobank working together to provide instant cross-border payment solutions, credit access, and digital products. Deployment expanding across Ecobank's 32-country network, starting with Togo.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Payoneer: Cross-border B2B payments platform serving marketplaces, SMBs, and freelancers globally — comparable in cross-border B2B payment infrastructure and marketplace customer segment focus.
• PayPal / Xoom: Global digital payments and remittances platform (PayPal) with Xoom handling cross-border money transfers — a broad incumbent operating in the same cross-border payments space as TransferTo, with stronger consumer brand and broader corridor coverage.
• Wise: Global cross-border money transfer platform with strong consumer brand recognition and broad corridor coverage — comparable in cross-border payment infrastructure, though Wise focuses more on consumer/SMB while TransferTo emphasizes enterprise B2B.
• Visa Direct: Card-network-based real-time push payments platform enabling cross-border P2P, B2B, and B2C disbursements globally — a major incumbent in cross-border payment rails against which TransferTo's Global Payments Infrastructure competes.

Direct peers

• Verto: B2B cross-border payments platform built for emerging markets, enabling businesses to send and receive payments globally — directly comparable in customer base (enterprise, fintechs) and emerging markets corridor focus.
• Nium: B2B cross-border payments infrastructure platform enabling fintechs, banks, and enterprises to send and receive payments globally — directly comparable to TransferTo's Global Payments Infrastructure serving similar enterprise customer segments and corridors.
• dLocal: Payment processing platform focused on emerging markets, enabling global merchants to accept and pay out across 40+ emerging countries — directly comparable in emerging markets payment infrastructure focus and enterprise B2B distribution.
• TerraPay: Cross-border payment network connecting mobile wallets, banks, and financial institutions across emerging markets — directly comparable to TransferTo's mobile-operator-focused cross-border infrastructure and emerging markets strategy.
• Onafriq (formerly MFS Africa): Pan-African mobile money network enabling interoperable payments across mobile wallets and banks on the continent — comparable in mobile-wallet cross-border infrastructure focus and emerging markets positioning, especially relevant given TransferTo's Ecobank partnership.

Emerging players

• Flutterwave: African payment infrastructure platform enabling businesses to make and receive payments across the continent — comparable in emerging markets focus and B2B infrastructure serving enterprise customers, with overlapping African customer set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/dtonesolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 TransferTo