Xtrm
Xtrm is a Miami-based fintech that operates an API-first global B2B payments platform supporting 140+ currencies across 100+ countries. It offers multi-currency wallets, white-label embedded payments for ISVs, and runs on Corpay's licensed MSB infrastructure to serve 25,000+ enterprise and SMB customers.
- Company typePrivate
- Founded2012
- HeadquartersMiami, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Xtrm does
Xtrm is a Miami-based, privately held fintech incorporated in Delaware that operates an intelligent global payments platform for businesses. The platform supports mass global payouts, multi-currency wallets (140+ currencies), contractor and incentive payments, and accounts-payable workflows, fronted by an API-first design and a white-label offering that lets ISVs, SaaS companies, value-added resellers, and developers embed payments into their own products. Core technical components include the aggregated multi-currency wallet architecture, branded disbursement modalities (Xtrm Choice and Xtrm Direct), built-in payee/beneficiary management with real-time KYC/AML checks, and a public REST API exposed via an API sandbox; all money movement is routed through Corpay (a Fleetcor/NYSE: FLT subsidiary) which provides regulated banking, FX, and money-transmitter licensing across 100+ countries.
The business model is a hybrid of per-seat subscription revenue (Free, Plus at $39/user/month, Pro at $59/user/month, with an annual 20% discount and an Enterprise custom tier) and transactional/interchange-style fees on Fund, Send and Transfer operations, plus volume-based data-processing fees. Distribution is partner-first: a two-tier program combining integration/embedded partners and referral/reseller partners (with named logos including Cloudera, Zendesk, Okta, Zoom, Fortinet, NetApp, Nutanix and Abnormal Security) is supplemented by self-serve SMB onboarding through the Free tier and direct enterprise sales engagement. Compliance certifications (SOC 1, SOC 2 Type 2, PCI, GDPR, CCPA, full MTL) are positioned as enterprise-readiness signals.
Xtrm's 51-100 employee organization is led by CEO Richard Grogan-Crane, Chief Revenue Officer Bill Taibl, and VP of Engineering Senthil Kumar. The company claims 25,000+ worldwide customers and serves operating geographies spanning at least the USA, UK, Australia and Singapore, with structural dependence on Corpay for licensed money transmission and FX infrastructure.
Xtrm firmographics
Firmographics- Name
- Xtrm
- Legal name
- Xtrm, Inc.
- Website
- https://xtrm.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Xtrm is a Miami-based fintech that operates an API-first global B2B payments platform supporting 140+ currencies across 100+ countries. It offers multi-currency wallets, white-label embedded payments for ISVs, and runs on Corpay's licensed MSB infrastructure to serve 25,000+ enterprise and SMB customers.
- Ownership category
- akta.pro rank
Xtrm industry classification
Industry- Product category
- Cross-Border Payments Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- SME & Business Cross-Border Payments (B2B) (FSAMAIAB)
- akta.pro secondary industries
- Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC), A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL)
Keywords
Where Xtrm is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Xtrm business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription Fees: Tiered subscription model with Free ($0/user), Plus ($39/user/month), and Pro ($59/user/month) plans. Annual billing available at 20% discount.
- Transaction/Transfer Fees: Fees apply when transferring money into an account, between accounts, or out of an account. Known as 'Fund', 'Send' or 'Transfer' Fees. Some expressed as percentage of payment amount, some as fixed transaction amount.
- Data Processing Fees: Fees based on time or data volume, automatically debited from designated customer wallet.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier with basic payment features for small teams |
| Subscription | Monthly | Mid-tier plan with advanced features for growing businesses |
| Subscription | Monthly | Enterprise plan with full feature set and customization |
| Subscription | Multi-year contract | Custom enterprise solution with tailored pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Xtrm product offering
Product offeringCore offering
Xtrm operates an intelligent global payments platform that enables businesses to send, receive, exchange, and manage payments worldwide through API-first, multi-currency wallet infrastructure supporting 140+ currencies. The platform offers white-label, embedded payment capabilities that B2B enterprises and ISV/SaaS partners can integrate into their own offerings to serve B2B, B2C, and B2B2C use cases. Core solutions cover global mass payments, accounts payable automation, channel incentive distribution (SPIFF, MDF, rebates), and contractor payouts with built-in KYC/AML compliance, tax reporting, and SOC 2 Type 2/PCI/GDPR/CCPA/Money Transmitter licensing via Corpay's regulated MSB infrastructure.
Product overview
Xtrm is an intelligent global payments platform providing end-to-end payment processing for businesses. The platform operates as a unified system combining a core payments engine with specialized modules. The core platform (Xtrm Global Payments Platform) powers Global Payments, Accounts Payables, Incentives, and Pay Contractors solutions, all accessible via the Xtrm API™. Key branded sub-products include Xtrm Choice™ (beneficiary-controlled payment selection) and Xtrm Direct™ (sender-controlled payment methods), supported by multi-currency wallet infrastructure supporting 140+ currencies. A mobile app extends platform access to iOS devices. The platform is powered by Corpay's regulated banking and currency exchange infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Xtrm Choice™: Payment disbursement option that gives the beneficiary person or company the choice of how they want to receive payment, including Bank EFT, Bank Check, Virtual Visa, or digital gift cards.
- Xtrm Direct™
- Xtrm API™
- Xtrm AnySource™
Products and services
- Xtrm Global Payments Platform An intelligent global payments platform enabling businesses to send, receive, exchange, and manage payments worldwide through multi-currency wallet infrastructure, built-in compliance, and API integration capabilities for B2B, B2C, and B2B2C use cases.
- Global Payments Core payment solution enabling businesses to fund and pay across borders using multi-currency wallets, built-in payee/beneficiary management, and support for 140 currencies worldwide for global mass payment workflows.
- Incentives Solution for managing SPIFF, MDF, rebates, and sales commissions globally with real-time payment disbursement upon approval, enabling channel partner incentive programs across multi-currency payouts.
- Pay Contractors Contractor payment solution allowing businesses to pay freelance staff and gig workers with just an email address, including partner onboarding, simplified claim submissions, and tax reporting (1099K and international equivalents).
- Xtrm API™ Public developer-facing API enabling integration of global payment functionality including Fund, Send, Exchange, Transfer, and Fraud Check operations into platforms and applications, with API documentation available at https://apidoc.xtrm.com/.
Quantifiable outcome
- Over 25,000 companies worldwide use Xtrm for global payments
- +2 more outcomes
Companies that use Xtrm
Customer profileNamed customers19 records
Segments4 records
Ideal customer profiles2 records
Xtrm technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature6 records
Xtrm partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and general.
- Corpay (Fleetcor Technologies)coreXtrm's technology sits on top of Corpay (NYSE: FLT), a fully regulated MSB providing 100% regulated banking and currency exchange services. Corpay provides MSB licensing and surety bonding for Xtrm and its partners. Corpay handles over 1 billion payment transactions across 145+ currencies in over 100 countries.
- Hyve Managed HostingcoreXtrm products run on world-class infrastructure hosted at Hyve data centers running on cloud technology. Hyve provides physical security 24/7, state-of-the-art fire suppression, redundant utilities, and biometric devices.
- 360insightsgeneralChannel incentive management partner featured in Xtrm partner news and integration ecosystem
- ChannelscalergeneralPartner operations platform integrated with Xtrm for deal registration and partner portal capabilities
- VartopiageneralPartner deal registration and channel management platform
- The ChannelgeneralChannel partner organization representing IT solution providers
- The Partner Architects GroupgeneralPartner organization for technology resellers and solution providers
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Xtrm competitors and assessment
Company assessmentDirect peers
- Veem: Direct peer offering cross-border B2B payments, multi-currency wallets, and AP automation. Competes with Xtrm's Accounts Payables and Global Payments products, particularly with SMBs and platforms embedding payments.
- Bill.com: Direct peer in AP automation, vendor management, and B2B payment workflows. While Bill.com is more US-centric, it overlaps with Xtrm's Accounts Payables solution and cross-border payables ambition.
- Wise (formerly TransferWise): Direct competitor offering cross-border B2B and B2C payments with multi-currency wallets and mass-payout capabilities. Competes head-to-head with Xtrm for SMEs and enterprises needing global disbursement, though at significantly greater scale and with its own banking licenses.
- Payoneer: Direct peer in cross-border B2B payouts, freelancer/contractor payments, and multi-currency management. Overlaps with Xtrm in Pay Contractors and mass-payout use cases; both target platforms and marketplaces paying global recipients.
- Airwallex: Direct peer providing multi-currency wallets, cross-border payments, and API-based global accounts for businesses. Competes with Xtrm on SMB and enterprise cross-border payments, FX, and embedded payment infrastructure.
- Tipalti: Direct competitor in global payables automation, contractor payouts, tax compliance, and AP workflows. Closely overlaps with Xtrm's Accounts Payables and Pay Contractors solutions and competes for the same mid-market and enterprise finance buyer.
Emerging players
- Modern Treasury: Adjacent fintech providing payment operations infrastructure with strong API-first design. Overlaps with Xtrm's developer-facing payments API and automated workflow capabilities, particularly for platforms with complex multi-party flows.
Broad incumbents
- PayPal Mass Payments / WorldRemit for Business: Broader incumbent offering global payouts, multi-currency accounts (PayPal World), and contractor/marketplace disbursements. Competes with Xtrm across the SMB and platform/embedded payments category with materially greater scale and brand.
- Hyperwallet (PayPal): Broader incumbent offering global mass-payouts, contractor payments, and cross-border disbursements under PayPal's umbrella. Competes with Xtrm in gig economy and marketplace payouts at greater scale, with extensive licensing.
Others
- Corpay (Fleetcor): Not a direct competitor but the parent infrastructure provider for Xtrm's regulated banking, FX, and MSB licensing. Listed for completeness since Corpay supplies the rails Xtrm is built on, and Fleetcor occasionally competes in adjacent cross-border B2B payments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Xtrm social profiles
Digital presenceXtrm compliance and trust
Trust signalCompliance7 records
Xtrm financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xtrm leadership team
Management profileNumber of profiles
Profiles3 records
Xtrm funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xtrm 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 Xtrm
What does Xtrm do?
Xtrm operates an intelligent global payments platform that enables businesses to send, receive, exchange, and manage payments worldwide through API-first, multi-currency wallet infrastructure supporting 140+ currencies. The platform offers white-label, embedded payment capabilities that B2B enterprises and ISV/SaaS partners can integrate into their own offerings to serve B2B, B2C, and B2B2C use cases. Core solutions cover global mass payments, accounts payable automation, channel incentive distribution (SPIFF, MDF, rebates), and contractor payouts with built-in KYC/AML compliance, tax reporting, and SOC 2 Type 2/PCI/GDPR/CCPA/Money Transmitter licensing via Corpay's regulated MSB infrastructure.
Is Xtrm a public or private company?
Xtrm is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Xtrm founded?
Xtrm was founded in 2012. It employs 51 to 100 people.
Where is Xtrm based?
Xtrm is headquartered in Miami, United States, in the North America region.
How does Xtrm make money?
Three revenue lines are on record. Subscription Fees are the primary driver. The others are transaction/Transfer Fees and data Processing Fees.
Who are Xtrm's main competitors?
Direct peers on record are Veem, Bill.com, Wise (formerly TransferWise), Payoneer, Airwallex and Tipalti. Modern Treasury is listed as an emerging player. Broad incumbents are PayPal Mass Payments / WorldRemit for Business and Hyperwallet (PayPal). Corpay (Fleetcor) is listed as an others.
Does Xtrm have an API?
Yes. Xtrm offers a public API that enables developers to embed global payment functionality into their platforms. The API provides access to core payment services including Fund, Send, Exchange, Transfer, and Fraud Check operations. All services available on the web platform are accessible via the API. Features include: wallet management with multi-currency support, beneficiary/payee management, payment processing (bank EFT, bank debit, card processing in 30 currencies), wallet-to-wallet transfers, currency exchange with preferred rates, and disbursement options via Xtrm Choice™ and Xtrm Direct™. The API supports account aggregation for multi-tiered funding and payment flows. An API sandbox is available for testing. The platform handles compliance (KYC, AML, tax reporting) and security as part of the service. Developer documentation is at apidoc.xtrm.com.
What industry is Xtrm in?
Xtrm's product category is Cross-Border Payments Platform. Its primary akta.pro industry code is FSAMAIAB, SME & Business Cross-Border Payments (B2B), with a secondary code of FSAMAIAL, Trade & Invoice Payments (Cross-Border B2B). Its NAICS code is 522320 and its SIC code is 6199.