More Money Transfers

What More Money Transfers does

More Money Transfers, operating under the legal name More Payment Evolution, is a Montevideo-headquartered cross-border payments provider regulated and supervised by the Central Bank of Uruguay. The company serves businesses with global payment needs — international employers running multi-country payroll, vendors paying overseas suppliers, and digital platforms/creator-economy businesses distributing earnings — alongside consumer remittance users through its +More mobile app. The company was founded in 2003, employs 11-50 people, and operates across at least five LATAM jurisdictions with localized privacy policies in Uruguay, Brazil, Argentina, Chile, and Paraguay.

The platform is built around a single unified API that connects to 90+ direct bank relationships across 120+ countries, supporting three core products: Payouts for global disbursement (direct bank deposits, e-wallets, and cash pickups), Payins for international payment acceptance (local cards, bank transfers, direct debits, and e-wallets with funds collected in under 24 hours), and Remittances for consumer and business cross-border transfers. The underlying architecture emphasizes direct bank connections to reduce intermediary dependence, multi-currency processing, and multi-channel distribution including a mobile application accessed via QR-code download from the Apple Store.

The company operates a transaction-fee revenue model across all three product lines, with pricing not publicly disclosed. Its go-to-market is API-first for B2B and enterprise customers, supplemented by a self-serve consumer/SMB channel through the +More app, plus direct sales contact for custom enterprise deployments. Customer segmentation is horizontal across employer payroll, vendor payments, and platform payouts rather than concentrated in a single vertical. No funding rounds, revenue figures, executive team beyond the founder/CEO, or third-party validation signals (awards, patents) are disclosed in available data.

Name

More Money Transfers

Legal name

More Payment Evolution

Website

https://moremt.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

More Money Transfers (More Payment Evolution) is a Montevideo-based cross-border payments platform offering payouts, payins, and remittances through a single API connecting 90+ direct bank relationships across 120+ countries, serving global employers, vendors, and digital platforms.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & Remittance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD), Consumer Remittances (P2P) (FSAMAIAA)

Keywords

• Cross-border payments
• Remittance services
• Global payout API
• Payment processing platform
• International money transfer

Headquarters

HQ city

Montevideo

HQ country

Uruguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Cross-Border Payout Services: Fee-based services for businesses paying employees, vendors, and customers globally through direct bank transfers, e-wallets, and cash pickups
2. Payins/Collection Services: API-based payment collection services allowing businesses to accept global payments with funds collected in less than 24 hours
3. Remittance Services: Consumer and business remittance services via the +More app, including competitive exchange rates for cross-border money transfers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

More Money Transfers (legally More Payment Evolution) is a regulated cross-border payment platform that enables businesses and consumers to move money globally through three core products: Payouts (global disbursements to bank accounts, e-wallets, and cash pickups), Payins (payment acceptance via a single API), and Remittances (consumer money transfers through the +More mobile app). The company exposes a single unified API that connects to 90+ direct bank connections across 120+ countries, supporting local cards, bank transfers, direct debits, and e-wallets. It is licensed and supervised by the Central Bank of Uruguay and headquartered in Montevideo.

Product overview

More Money Transfers (More Payment Evolution) is a cross-border payment platform offering three core products: Payouts for global disbursements, Payins for international payment acceptance, and Remittances for consumer money transfers. The platform operates through a single API connection providing access to 120+ countries and 90+ direct bank connections. The +More mobile app augments remittance services with additional capabilities. The company is regulated by the Central Bank of Uruguay and is headquartered in Montevideo, Uruguay.

Differentiator

Problem solved

Functional benefit

Brands

• +More app: Mobile application for remittance services with unique and revolutionary capabilities for the industry, enabling users to send and receive remittances globally.

Products and services

• Payouts
• Payins
• Remittances
• +More App

Quantifiable outcome

• Funds available in less than 24 hours for payins collection
• +1 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• WorldRemit: WorldRemit offers digital cross-border money transfers to bank accounts, mobile wallets, and cash pickup locations across 130+ countries. Comparable as a direct peer in multi-channel remittance and payout services.
• Wise: Wise is a global cross-border payments platform offering multi-currency accounts, payouts, and consumer remittances across 160+ countries via direct bank and local rail integrations. It is the closest direct peer to More Money Transfers in API-based cross-border payouts and remittances.
• Thunes: Thunes is a cross-border payments network enabling B2B payouts and collections across 130+ countries via direct connections to local banks, mobile wallets, and operators. Directly comparable as a B2B cross-border payouts infrastructure player.
• Remitly: Remitly is a digital remittance company serving immigrants sending money from developed markets to 170+ corridors, with a mobile-first app and growing B2B/API offerings. It overlaps directly with More Money Transfers' consumer remittance product via the +More app.
• Payoneer: Payoneer provides cross-border payment services to marketplaces, freelancers, and SMBs, including mass payouts, currency receiving accounts, and working capital. Comparable to More Money Transfers' B2B payouts and platform/creator customer segment.
• dLocal: dLocal is a payments platform focused on emerging markets, providing cross-border payins and payouts across LatAm, Africa, and Asia via local payment methods. It is highly comparable to More Money Transfers' payins/payouts API offering, especially across LatAm corridors.

Broad incumbents

• Western Union: Western Union is the largest global money transfer operator, offering cash-pickup, bank-account, and digital remittances across 200+ countries. Broad incumbent overlapping on remittances and cross-border payouts, though with much larger scale and brand.
• MoneyGram: MoneyGram is a global money transfer and cross-border payments company operating in 200+ countries with both retail and digital channels. Broad incumbent peer in cross-border payouts and consumer remittances.
• Xoom (PayPal): Xoom is PayPal's international money transfer service, offering digital remittances and cross-border payments across 160+ countries. Broad incumbent peer with comparable consumer remittance and digital cross-border product.

Regional players

• Bitso: Bitso is a LatAm-focused crypto and fiat payments platform providing cross-border transfers and remittances primarily across Mexico, Argentina, Brazil, and other LatAm countries. Comparable as a regional cross-border/remittance peer with deeper local rails in More Money Transfers' core geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MoreTransfers

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 More Money Transfers