Multigate

Treasury Management & Cross-Border Payment Softwaremultigate.io

Company typePrivate
Founded2017
HeadquartersDubai, United Arab Emirates
Headcount11–50
GTM typeB2B
OfferingSoftware

Multigate firmographics

Firmographics

Name: Multigate
Legal name: Multigate Network Pay Inc.
Website: https://multigate.io
Company type: Private
Founded year: 2017
Operating status: Operating
Headcount range: 11–50 employees
Ownership category
akta.pro rank

Multigate industry classification

Industry

Product category: Treasury Management & Cross-Border Payment Software
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Finance Services (6199)
akta.pro primary industry: Embedded FX & Cross-Border Treasury (FSAGALAG)
akta.pro secondary industries: Cross-Border & Multi-Currency Gateway Services (FSAMACAI), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

Treasury management software
Cross-border payments
FX risk management
Payment infrastructure
Multi-bank connectivity

Where Multigate is headquartered

Location

Headquarters

HQ city: Dubai
HQ country: United Arab Emirates
HQ region: Middle East

Offices4 records

Markets served

Multigate business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

Subscription Fees: Tiered subscription packages (Base, Premium, Advantage, Ultimate) billed monthly, quarterly, bi-annually, or annually. Premium subscribers on direct debit mandates with recurring monthly billing.
Transaction Fees: Fees charged on payment transactions, including domestic and international payments processed through SWIFT or real-time payment rails.
FX Conversion Revenue: Revenue generated from currency conversion spreads when clients execute FX trades and currency conversions through the platform.
API Integration Fees: Revenue from API access and integration services enabling fintechs and enterprises to embed treasury and cross-border capabilities into their existing systems.
Premium Package Direct Debit: Automatic recurring monthly billing from designated bank accounts for Premium Package subscribers including service fees, transaction charges, penalties, and applicable fees.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Base Package - Entry-level treasury and cross-border solution
Subscription	Monthly	Premium Package - Enhanced features with direct debit billing
Subscription	Annual	Advantage Package - Mid-tier comprehensive solution
Subscription	Multi-year contract	Ultimate Package - Enterprise-grade full solution with invoice billing option

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Multigate product offering

Product offering

Core offering

Multigate provides an automated treasury management platform and cross-border financial infrastructure for African and global institutions. Its offering combines multi-bank connectivity (including SWIFT L2BA), multi-currency dedicated accounts, real-time FX APIs, remittance APIs, virtual account APIs, and transfer APIs. The platform is targeted at corporates, banks, fintechs, and remittance companies that need bank-agnostic liquidity management, FX risk control, and cross-border payment execution across African corridors.

Product overview

Multigate offers a dual-core platform architecture consisting of Automated Treasury Management and Cross-border Financial Infrastructure solutions. The Automated Treasury Management platform includes modules for SWIFT connectivity (Swift for Corporates), multi-bank account aggregation (Multi-Bank Connector), cash and liquidity management, and centralized payments. The Cross-border Financial Infrastructure solution provides real-time FX APIs, multi-currency dedicated accounts, cross-border payment and collection capabilities, and access to global payment rails (SWIFT, SEPA, RTP, NIP, ACH). Both solutions are accessible via REST API and serve segments including corporates, banks, fintechs, remittance companies, and SMEs.

Differentiator

Problem solved

Functional benefit

Products and services

Automated Treasury Management Cloud-based treasury management platform that consolidates multi-bank accounts, automates cash and liquidity management, manages FX exposure, and provides AI-driven risk analytics. Designed for African and multinational corporates, banks, and financial institutions that need bank-agnostic treasury operations.
Cross-Border Financial Infrastructure End-to-end cross-border payment infrastructure combining multi-bank connectivity (including SWIFT L2BA), multi-currency dedicated accounts, and global and African payment rails (SEPA, ACH, RTP, RTGS, NIP). Built for corporates, banks, fintechs, and remittance operators executing cross-border flows into and out of African markets.
Multi-Bank Connector Standalone bank-aggregation product that connects to multiple banks via APIs and Open Banking, allowing institutions to view balances, initiate transactions, and reconcile activity across fragmented banking relationships from a single interface.
Real-Time FX API Developer API offering real-time foreign exchange rates, mid-market price access, and FX execution for fintechs, banks, and corporates building FX and cross-border payment products.
Remittance API API for remittance operators and fintechs to initiate and settle cross-border transfers using Multigate's licensed infrastructure, multi-currency accounts, and African and global payment rails.
Virtual Account API API for creating and managing multi-currency virtual accounts, enabling fintechs, corporates, and platforms to segregate funds, hold balances in multiple currencies, and reconcile inbound payments.
Transfer API API for initiating and tracking cross-border and domestic transfers across connected banks and payment rails, providing unified payment execution for fintech, bank, and corporate integrations.

Quantifiable outcome

Processed over $5 billion in first 6 years of operation (2017-2023)
+2 more outcomes

Companies that use Multigate

Customer profile

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Multigate technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability5 records

Feature10 records

Multigate partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core.

Technical and Financial PartnerscoreTechnology or IntegrationMultigate collaborates with banks, financial institutions, international money transfer operators, money transmitters, payment solution service providers, currency traders, and technology service providers worldwide to deliver cross-border payment and treasury management services. These partners enable the operational infrastructure for payment processing, settlement, and FX execution.
Multigate Payment LimitedcoreStrategic or Co-development PartnerAppointed as collections partner of Multigate in Nigeria. A payment services provider (PSSP) that facilitates Naira disbursement to beneficiaries of remittance services, leveraging interbank transfer capability.
First Bank of NigeriacoreTechnology or IntegrationVirtual account partner bank in Nigeria. Clients can open virtual accounts denominated in Nigerian Naira through First Bank using partner code 011.
United Bank for Africa (UBA)coreTechnology or IntegrationVirtual account partner bank in Nigeria and Ghana. Enables multi-currency virtual account opening in Nigeria (code 033) and Ghana (code 300325).
Zenith BankcoreTechnology or IntegrationVirtual account partner bank in Nigeria (code 057) enabling Naira-denominated virtual account services for clients.
First Bank of Nigeria (Ghana)coreTechnology or IntegrationVirtual account partner bank in Ghana (code 300319) enabling Ghanaian Cedi-denominated virtual account services.
First Continental Bank (FCMB)coreTechnology or IntegrationVirtual account partner bank in Nigeria (code 214) providing Naira virtual account services through the platform.
SWIFTcoreTechnology or IntegrationSWIFT Partner Programme participant with compatible application for SWIFT L2BA operationalization. Enables Multigate to provide corporates with centralized cash and liquidity management via SWIFT connectivity.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Multigate competitors and assessment

Company assessment

Direct peers

Verto: Verto is a cross-border B2B payments platform offering multi-currency business accounts, FX, and international payments. It is a direct comparable: API-first, focused on emerging markets, and serving corporates, fintechs, and banks similarly to Multigate.
Thunes: Thunes operates a global cross-border payments network connecting financial institutions and mobile wallets. Comparable to Multigate in cross-border infrastructure, multi-currency settlement, and emerging-market focus.
Onafriq (formerly MFS Africa): Onafriq is a pan-African mobile money and cross-border payment network. Overlaps with Multigate on African cross-border payments, mobile wallet interoperability, and partner-bank integrations.
Flutterwave: Flutterwave is a leading African payments technology company offering payment processing, cross-border payouts, and FX. Comparable to Multigate in African payment rails, API-first delivery, and cross-border B2B focus.
Conduit: Conduit is an Africa-focused cross-border payments platform offering USD/local-currency payouts and FX. Direct comparable given shared focus on African B2B cross-border payment corridors and API integration.
Chipper Cash: Chipper Cash operates a cross-border payments app across African and global corridors with multi-currency support. Comparable to Multigate on cross-border money movement, African market focus, and consumer/SME-adjacent segments.

Emerging players

Klasha: Klasha enables African businesses to accept and make payments globally, with cross-border commerce tooling. Emerging peer with overlap on cross-border African B2B flows and API-first delivery.

Broad incumbents

Wise (Business): Wise Business offers multi-currency accounts and cross-border transfers for SMEs and enterprises. A broad incumbent overlapping with Multigate on FX, multi-currency accounts, and API access, though global rather than Africa-anchored.
Interswitch: Interswitch is a major Nigerian/African payments infrastructure provider offering switching, processing, and digital payments. Broad incumbent with overlap on African payment rails, bank-grade infrastructure, and multi-country licensing.
Ripple: Ripple provides enterprise cross-border payment infrastructure (RippleNet, RLUSD, Ripple Payments). Overlaps with Multigate on SWIFT-alternative cross-border infrastructure for banks and corporates, with substantially larger scale and capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Multigate compliance and trust

Trust signal

Compliance8 records

Multigate financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Multigate leadership team

Management profile

Number of profiles

Profiles5 records

Multigate subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Multigate funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Multigate M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multigate

What does Multigate do?

Is Multigate a public or private company?

Multigate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Multigate founded?

Multigate was founded in 2017. It employs 11 to 50 people.

Where is Multigate based?

Multigate is headquartered in Dubai, United Arab Emirates, in the Middle East region.

How does Multigate make money?

Five revenue lines are on record. Subscription Fees are the primary driver. The others are transaction Fees, FX Conversion Revenue, API Integration Fees and premium Package Direct Debit.

Who are Multigate's main competitors?

Direct peers on record are Verto, Thunes, Onafriq (formerly MFS Africa), Flutterwave, Conduit and Chipper Cash. Klasha is listed as an emerging player. Broad incumbents are Wise (Business), Interswitch and Ripple.

Does Multigate have an API?

Yes. Multigate offers a REST API enabling integration of Treasury, Cross-Border and Cash Management solutions. The API supports Authentication (JWT tokens via clientKey/clientSecret), Onboarding (subclient creation, shareholder management, document uploads), Accounts (virtual account creation, account retrieval, account statements), Conversions (FX quotes, rate locking, trade execution), Payments (single transfers, bulk transfers, beneficiary management, bank details lookup), Remittance (initiation and status tracking), Receivables (creation and retrieval), and Webhooks/Push Notifications. Sandbox/UAT environment available. API documentation hosted at developer.multigate.io with endpoints for accounts, payments, FX conversions, and remittance services. Developer documentation is at developer.multigate.io.

What industry is Multigate in?

Multigate's product category is Treasury Management & Cross-Border Payment Software. Its primary akta.pro industry code is FSAGALAG, Embedded FX & Cross-Border Treasury, with a secondary code of FSAMACAI, Cross-Border & Multi-Currency Gateway Services. Its NAICS code is 522320 and its SIC code is 6199.