FINTX
FINTX is the fintech arm of UAE government-owned Emirates Post Group, consolidating Wall Street Exchange (licensed FX house), Instant Cash (money transfer operator in 70+ countries), and VERTX (shared services) to serve 2M+ individual and corporate customers with remittance, currency exchange, and payment services.
- Company typePrivate
- Founded2022
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What FINTX does
FINTX (legal name United Fintech Solutions LLC) is the official fintech arm of Emirates Post Group (also known as 7X), a UAE government state entity. Headquartered in Dubai at the Emirates Post Group Head Office, FINTX was launched in 2022 at GITEX Global to consolidate and transform the group's financial services businesses. Its operating subsidiaries are Wall Street Exchange, one of the first exchange houses licensed by the Central Bank of the UAE (operating since 1982), which provides foreign currency exchange, individual and corporate money transfers, payroll services, and wholesale banknotes; Instant Cash, a UAE-headquartered money transfer operator serving licensed institutions across 70+ countries via 150,000+ agent locations and 2,000+ corridors (founded 2004, reporting 95% of transactions delivered in under 60 seconds); and VERTX, a shared services entity providing governance, risk and compliance, technology, finance, treasury, customer, marketing, and HR functions across the portfolio. FINTX also operates a New Ventures initiative to create, partner with, and invest in fintech startups.
FINTX generates revenue primarily through transaction fees across four streams: foreign currency exchange, individual remittances, corporate money transfers and payroll services (via Wall Street Exchange), and B2B remittance infrastructure to licensed institutions (via Instant Cash). The go-to-market is hybrid — physical retail (33 stores across the UAE), a third-party agent/reseller network (150,000+ locations globally), and direct enterprise sales for corporate payroll and bulk transfer clients. The company serves 2M+ customers annually, employs 400+ staff across the portfolio, and is privately held with no external institutional investors identified in the input; expansion appears funded through Emirates Post Group.
From a technology perspective, FINTX describes itself as a fintech ecosystem platform supporting remittance, currency exchange, and payment solutions but discloses no proprietary technical components, APIs, SDKs, or AI/ML capabilities. The Head of Technology and Innovations function exists within the leadership team, and VERTX centralizes technology delivery, indicating internal platform investment, but no detailed architecture, integration list, or product roadmap is provided. The legal entity is domiciled as an LLC in Dubai, UAE, with the board composed of Emirates Post Group and Mubadala Investment Company executives, including Chairman Badr Al-Olama.
FINTX firmographics
Firmographics- Name
- FINTX
- Legal name
- United Fintech Solutions LLC
- Website
- https://fintx.ae
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FINTX is the fintech arm of UAE government-owned Emirates Post Group, consolidating Wall Street Exchange (licensed FX house), Instant Cash (money transfer operator in 70+ countries), and VERTX (shared services) to serve 2M+ individual and corporate customers with remittance, currency exchange, and payment services.
- Ownership category
- akta.pro rank
FINTX industry classification
Industry- Product category
- Cross-Border Payments & Currency Exchange
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)
- akta.pro secondary industries
- Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where FINTX is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices2 records
Markets served
FINTX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Foreign Currency Exchange: Wall Street Exchange provides currency exchange services to individuals and corporates
- Individual Money Transfer: Remittance services for individual customers sending money internationally
- Corporate Money Transfer & Payroll Services: Business-to-business money transfer and payroll processing services for corporate clients
- Remittance Services to Licensed Institutions: Instant Cash provides remittance infrastructure to licensed institutions across 70+ countries through its agent network
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
FINTX product offering
Product offeringCore offering
FINTX is the official fintech arm of Emirates Post Group (7X), operating a fintech ecosystem that delivers licensed foreign currency exchange, individual and corporate money transfer, remittance, and payroll services through its portfolio companies Wall Street Exchange and Instant Cash. The company serves both individual consumers via 33 retail stores in the UAE and 150,000+ agent locations across 70+ countries, and corporate clients through direct account relationships.
Product overview
FINTX is the official fintech arm of Emirates Post Group (7X), operating as a fintech ecosystem for the UAE and beyond. The company manages a portfolio of licensed financial services companies including Wall Street Exchange (licensed exchange house providing currency exchange, money transfers, and payroll services since 1982), Instant Cash (money transfer operator serving 70+ countries since 2004), and VERTX (shared services company). FINTX also pursues new venture creation, partnerships, and investments to expand its ecosystem. With 3 portfolio companies, 400+ employees, and 2M+ annual customers, FINTX provides financial services for both individuals and corporates under a unified umbrella.
Differentiator
Problem solved
Functional benefit
Products and services
- Wall Street Exchange One of the first exchange houses licensed by the Central Bank of the UAE, providing foreign currency exchange, individual and corporate money transfers, payroll services, wholesale banknotes, and value-added services to both individuals and corporates. Founded in 1982.
- Instant Cash A money transfer operator headquartered in the UAE providing remittance services to licensed institutions in more than 70 countries, with 150,000+ agent locations and 2,000+ remittance corridors. Delivers 95% of transactions in under 60 seconds. Founded in 2004.
Quantifiable outcome
- 95% of transactions delivered in under 60 seconds
- +1 more outcomes
Companies that use FINTX
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
FINTX technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FINTX partnerships and signals
Strategic signalScale indicators9 records
Recent moves7 records
Expansion highlights5 records
FINTX competitors and assessment
Company assessmentEmerging players
- WorldRemit: Digital remittance platform with strong emerging-market corridor coverage. Comparable to Instant Cash on corridor breadth but differentiated by fully digital delivery model.
- Remitly: Mobile-first remittance platform targeting migrant corridors similar to those served by Instant Cash. Represents the digitally native competitive threat to FINTX's customer base.
- Wise: Digital-first cross-border payments company with mid-market rate transparency. The most credible disruptor to agent-based remittance economics and a benchmark for FINTX's digital product roadmap.
- TerraPay: B2B cross-border payments network enabling licensed institutions to send money to mobile wallets and bank accounts globally. Closest functional analog to Instant Cash's institutional remittance infrastructure.
Direct peers
- Al Ansari Exchange: Largest UAE-based exchange house providing currency exchange, remittance and payroll services. Directly comparable to Wall Street Exchange and a benchmark for FINTX's core UAE retail franchise.
- UAE Exchange (now Wizz Financial): One of the largest global money transfer operators historically headquartered in the UAE. Direct competitor to Instant Cash with overlapping remittance corridors and a shared lineage of senior talent with FINTX.
- Finablr: Former UAE-listed holding company that owned UAE Exchange, Travelex and other remittance brands. Highly comparable as a multi-brand cross-border payments holding structure — and a cautionary precedent on governance and transparency.
Broad incumbents
- MoneyGram: Major global remittance player with extensive agent footprint across emerging markets. Comparable to Instant Cash's B2B/B2C remittance model and corridor strategy.
- Western Union: Global incumbent in cross-border money transfers with the largest agent network worldwide. Competes directly with Instant Cash in many corridors and defines the legacy cost structure FINTX must improve on.
Regional players
- Tabby: Leading MENA fintech (BNPL and payments) operating in UAE and Saudi Arabia. Comparable as a regional fintech scaling ecosystem play, though in a different product vertical — useful as a benchmark for MENA fintech scaling dynamics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
FINTX social profiles
Digital presenceFINTX financial estimates
Financial estimateRevenue estimate
Valuation estimate
FINTX leadership team
Management profileNumber of profiles
Profiles9 records
FINTX subsidiaries and ownership
Company hierarchySubsidiaries3 records
FINTX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FINTX 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 FINTX
What does FINTX do?
FINTX is the official fintech arm of Emirates Post Group (7X), operating a fintech ecosystem that delivers licensed foreign currency exchange, individual and corporate money transfer, remittance, and payroll services through its portfolio companies Wall Street Exchange and Instant Cash. The company serves both individual consumers via 33 retail stores in the UAE and 150,000+ agent locations across 70+ countries, and corporate clients through direct account relationships.
Is FINTX a public or private company?
FINTX is a private company. It is classified as state government owned and is currently operating.
When was FINTX founded?
FINTX was founded in 2022. It employs 11 to 50 people.
Where is FINTX based?
FINTX is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does FINTX make money?
Four revenue lines are on record. Foreign Currency Exchange is the primary driver. The others are individual Money Transfer, corporate Money Transfer & Payroll Services and remittance Services to Licensed Institutions.
Who are FINTX's main competitors?
Emerging players on record are WorldRemit, Remitly, Wise and TerraPay. Direct peers are Al Ansari Exchange, UAE Exchange (now Wizz Financial) and Finablr. Broad incumbents are MoneyGram and Western Union. Tabby is listed as a regional player.
Does FINTX have an API?
No public API is recorded for FINTX.
What industry is FINTX in?
FINTX's product category is Cross-Border Payments & Currency Exchange. Its primary akta.pro industry code is FSAGAKAF, Multi-Currency Accounts, Wallets & FX Management (Consumer/SME), with a secondary code of FSAGABAK, Cross-Border FX, Multi-Currency & Treasury for Payments. Its SIC code is 6199.