ACE Money Transfer
ACE Money Transfer is a UK-headquartered digital remittance platform (founded 2002) serving migrant workers and expatriates across 29 sending and 100+ receiving countries. Its regulated mobile and web platform processes cross-border transfers through 350,000+ payout locations including bank deposits, cash pickup, and mobile wallets.
- Company typePrivate
- Founded2002
- HeadquartersManchester, United Kingdom
- Headcount251–500
- GTM typeB2C
- OfferingServices
What ACE Money Transfer does
ACE Money Transfer Limited is a UK-incorporated, FCA-regulated digital remittance company founded in 2002 and headquartered in Manchester. It operates an online cross-border money-transfer platform accessible via web portal and native iOS/Android apps, connecting senders in 29 sending countries (United Kingdom, Europe, Australia, Canada) with recipients in 100+ receiving countries across Asia, Africa, Europe, and Latin America. The platform routes transfers through an extensive payout network of 350,000+ locations spanning bank deposits, cash pickup, mobile wallets (notably bKash in Bangladesh, with 82 million users), bill payment, and mobile top-up, and supports corridor-localized payment methods such as Trustly, iDEAL, BLIK, Bancontact, Ecospend, Google Pay, and Apple Pay. ACE is regulated across multiple jurisdictions — FCA (UK), CBI (Ireland), AUSTRAC (Australia), FINTRAC (Canada) — and is verified by MasterCard and Visa and authorized by HMRC.
The company serves primarily migrant workers and expatriates in the UK and other sending markets who remit money to families in their home countries, with the typical use cases being family support, education expenses, small-business capital, and daily living expenses for receiving households. Its product surface includes real-time transaction tracking, multi-language support (English, German, Spanish, French, Italian, Urdu), and an Associate referral/affiliate program that rewards customers for inviting new senders. Recent strategic activity — a European expansion launched from Ireland in December 2025, plus corridor partnerships with Philippine National Bank, Askari Bank, and bKash in 2026 — indicates a deliberate push to deepen the receiving-side ecosystem across priority diaspora corridors while broadening its European sender footprint.
ACE generates revenue per transaction, charging customers transfer fees on each cross-border send with no subscription required for basic usage; pricing varies by corridor, amount, and payment method, with debit/credit card transfers settling in minutes and bank transfers in 1–2 business days. The business is a B2C, high-volume, low-average-ticket remittance model with operating offices in Manchester, Melbourne, Warsaw, Dublin, and Toronto, a cumulative customer base of 1.3+ million, and an employee count in the 251–500 range. The company is privately held, has no disclosed parent company or institutional investor, and does not publicly report revenue.
ACE Money Transfer firmographics
Firmographics- Name
- ACE Money Transfer
- Legal name
- ACE Money Transfer Limited
- Website
- https://acemoneytransfer.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- ACE Money Transfer is a UK-headquartered digital remittance platform (founded 2002) serving migrant workers and expatriates across 29 sending and 100+ receiving countries. Its regulated mobile and web platform processes cross-border transfers through 350,000+ payout locations including bank deposits, cash pickup, and mobile wallets.
- Ownership category
- akta.pro rank
ACE Money Transfer industry classification
Industry- Product category
- Cross-Border Remittance
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Consumer Remittances (P2P) (FSAMAIAA)
- akta.pro secondary industries
- Consumer P2P International Remittances (FSAGAKAA), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where ACE Money Transfer is headquartered
LocationHeadquarters
- HQ city
- Manchester
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
ACE Money Transfer business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Money Transfer Transaction Fees: ACE Money Transfer charges fees on each cross-border money transfer transaction. Customers pay for transfers using debit cards, credit cards, or online bank transfers. The revenue is generated per transaction with no subscription required for basic usage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard money transfer service with no subscription required |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
ACE Money Transfer product offering
Product offeringCore offering
ACE Money Transfer is a digital remittance service that allows individuals to send money internationally from 29+ sending countries to 100+ receiving countries through its website and mobile applications. Customers initiate transfers online, with funds delivered to recipients via bank deposit, cash pickup at 350,000+ agent locations, mobile wallet, or home delivery. The service is offered 24/7, supports 25+ languages, and is regulated by financial authorities including the UK's FCA, Ireland's CBI, Australia's AUSTRAC, and Canada's FINTRAC.
Product overview
ACE Money Transfer operates as a single unified remittance platform offering online money transfer services globally. The core product consists of a web-based platform and mobile applications (iOS/Android) that enable users to send money internationally from 29+ sending countries (UK, Europe, Australia, Canada) to 100+ receiving countries across Asia, Africa, Europe, and Latin America. The platform connects to a network of 350,000+ payout locations offering multiple delivery methods including bank deposits, cash pickup, mobile wallets (e.g., bKash), bill payment, and mobile top-up. Additional services include the Associate Referral Program for earning rewards through invitations, and the Transfer Calculator for fee/exchange rate estimation. The platform integrates with various payment methods (Trustly, MasterCard, Visa, Google Pay, Apple Pay, Bancontact, iDEAL, BLIK) and supports social login options.
Differentiator
Problem solved
Functional benefit
Products and services
- ACE Money Transfer Online Platform Online/web-based money transfer service that allows individual customers to send money internationally from 29+ sending countries to 100+ receiving countries via the ACE Money Transfer website, with delivery through bank deposit, cash pickup, mobile wallet, or home delivery at 350,000+ payout locations.
- ACE Money Transfer Mobile App Native iOS and Android applications of the ACE Money Transfer remittance platform, enabling individual senders to initiate international money transfers, view real-time transfer status, and access account services from mobile devices.
Quantifiable outcome
- 1.3+ million customers trust the platform globally
- +2 more outcomes
Companies that use ACE Money Transfer
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
ACE Money Transfer technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
Feature3 records
ACE Money Transfer partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, major and strategic.
- Philippine National Bank (PNB)coreStrategic partnership enabling ACE customers to send funds to the Philippines with recipients able to access money through PNB branches, bank accounts, partner outlets, or authorized payout agents. Leverages PNB's extensive domestic network across the Philippines for convenient fund access. The collaboration covers operations across the UK, Europe, Australia, and Canada.
- Askari BankcoreStrategic partnership to expand and strengthen legal and digital remittance channels into Pakistan. The collaboration broadens ACE's payout network across Askari Bank's nationwide banking infrastructure, benefiting overseas Pakistanis in the UK, Europe, Australia, Canada, and other key corridors. Reflects shared commitment to strengthening regulated remittance flows.
- bKashmajorPartnership with Bangladesh's largest mobile financial services provider (82 million users) for instant, secure fund delivery to bKash wallets. Includes Ramadan incentive campaign with weekly draws for UK-based Bangladeshis transferring money to Bangladesh. bKash operates under Bangladesh Bank regulation.
- Irish Financial InstitutionsstrategicACE Money Transfer is expanding from Ireland into other European markets, planning to partner with local financial institutions. The company aims to strengthen regulatory compliance and build strategic partnerships across Europe using its digital-first model.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
ACE Money Transfer competitors and assessment
Company assessmentBroad incumbents
- Western Union: Western Union is the global incumbent in cross-border money transfers with the largest agent network worldwide. It competes with ACE in similar corridors but operates a broader portfolio spanning cash pickup, bank deposit, and digital services.
- Xoom (PayPal): Xoom is PayPal's international money transfer service, offering consumer remittances to bank accounts, mobile wallets, and cash pickup points globally. Comparable to ACE in digital remittance, with the backing of a much larger parent.
- RIA Money Transfer: RIA Money Transfer (owned by Euronet Worldwide) is a large global remittance network with extensive agent coverage across Latin America, Asia, and Africa. Competes with ACE in similar corridors via agent-based and digital channels.
- MoneyGram: MoneyGram is a global money transfer and payments company with a large agent network and growing digital channel. It competes head-on with ACE in consumer remittances across similar corridors.
Direct peers
- Taptap Send: Taptap Send is a mobile-first remittance app targeting African and South Asian corridors with a low-fee, product-led growth model. Closely comparable to ACE's digital-led approach and corridor focus.
- Wise (formerly TransferWise): Wise is a global cross-border money transfer platform serving consumers and businesses with multi-currency accounts and low-fee international transfers. It is the most direct peer to ACE given overlapping P2P remittance use cases and corridor-based business model.
- Sendwave: Sendwave (part of Zepz) is a mobile remittance app focused on African corridors, serving diaspora senders in the US, UK, and Canada. Comparable to ACE on digital-first P2P remittances and migrant customer base.
- Remitly: Remitly is a NASDAQ-listed digital remittance company focused on immigrant senders transferring money to emerging market corridors, particularly South Asia, the Philippines, and Latin America — directly overlapping with ACE's corridor strategy.
- Small World Money Transfer: Small World is a specialist remittance provider focused on niche ethnic and migrant corridors, particularly South Asian and African, with strong European distribution. Highly comparable mid-market peer to ACE.
- WorldRemit: WorldRemit (part of Zepz) is a digital cross-border money transfer platform serving migrant senders globally with mobile wallet, bank deposit, and cash pickup options — closely comparable to ACE in both product and target customer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ACE Money Transfer social profiles
Digital presenceACE Money Transfer compliance and trust
Trust signalCompliance5 records
ACE Money Transfer financial estimates
Financial estimateRevenue estimate
Valuation estimate
ACE Money Transfer leadership team
Management profileNumber of profiles
Profiles2 records
ACE Money Transfer funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ACE Money Transfer 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 ACE Money Transfer
What does ACE Money Transfer do?
ACE Money Transfer is a digital remittance service that allows individuals to send money internationally from 29+ sending countries to 100+ receiving countries through its website and mobile applications. Customers initiate transfers online, with funds delivered to recipients via bank deposit, cash pickup at 350,000+ agent locations, mobile wallet, or home delivery. The service is offered 24/7, supports 25+ languages, and is regulated by financial authorities including the UK's FCA, Ireland's CBI, Australia's AUSTRAC, and Canada's FINTRAC.
Is ACE Money Transfer a public or private company?
ACE Money Transfer is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ACE Money Transfer founded?
ACE Money Transfer was founded in 2002. It employs 251 to 500 people.
Where is ACE Money Transfer based?
ACE Money Transfer is headquartered in Manchester, United Kingdom, in the Europe region.
How does ACE Money Transfer make money?
One revenue line is on record: money Transfer Transaction Fees.
Who are ACE Money Transfer's main competitors?
Broad incumbents on record are Western Union, Xoom (PayPal), RIA Money Transfer and MoneyGram. Direct peers are Taptap Send, Wise (formerly TransferWise), Sendwave, Remitly, Small World Money Transfer and WorldRemit.
Does ACE Money Transfer have an API?
No public API is recorded for ACE Money Transfer.
What industry is ACE Money Transfer in?
ACE Money Transfer's product category is Cross-Border Remittance. Its primary akta.pro industry code is FSAMAIAA, Consumer Remittances (P2P), with a secondary code of FSAGAKAA, Consumer P2P International Remittances. Its NAICS code is 52232 and its SIC code is 6199.