Remit One

What Remit One does

Remit One Ltd, trading as RemitONE, is a UK-based vertical SaaS firm founded in 2005 that builds and licenses a white-label money transfer platform to banks, money transfer operators (MTOs), fintechs, payment institutions, mobile network operators, and remittance startups. The platform centres on the Money Transfer Engine (MTE), supplemented by modular channels — Agent Remittance Manager (ARM) for branch/agent tellers, Online Remittance Manager (ORM) for web self-service, Mobile Remittance Manager (MRM) for iOS/Android, and the Regulatory Compliance Manager (RCOM) for sanctions/PEP screening against 350+ lists and 1.7M+ PEP records. The technical stack is Linux/PostgreSQL/PHP, delivered as both hosted SaaS and on-premise perpetual license, with REST API access and FTP integration options for correspondent connectivity.

The company monetises through a layered model: a one-off setup fee plus monthly subscription tied to transaction volume (SaaS rental), one-time on-premise license purchases, GBP 500 per-connection fees to access other RemitONE clients via RemitONE Connections, and bespoke consulting engagements for MSB licensing in the UK, US, Europe and welcoming jurisdictions (Lithuania, Cyprus, Malta, Gibraltar). Distribution is enterprise field sales plus a channel partner programme, supported by content marketing, webinars, and industry events (GFRID, RemTech, CrossTech). Customers include tier-1 banks (United Bank for Africa across 18 countries, JMMB Group, Bank Asia, Agrani Bank, Attijariwafa), large MTOs (Dahabshiil, Tempo, UnityLink, Kabayan Remit, Al Fardan Exchange), fintechs, and remittance startups; documented outcomes range from 120% to 1,700% transaction volume growth post-deployment.

RemitONE operates regional offices in London (HQ), Dakar (Africa), and Riyadh (Middle East partner office), claims a developer footprint of ~40 new features added monthly across its platforms, and reports combined consulting team experience exceeding 100 years. The firm is privately held with no disclosed external funding, M&A activity, or regulatory actions.

Name

Remit One

Legal name

Remit One Ltd

Website

https://remitone.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

RemitONE is a UK-based vertical SaaS firm that provides white-label money transfer software — including a Money Transfer Engine, agent/online/mobile channels, compliance, and sanctions screening — to banks, MTOs, fintechs, and remittance startups globally.

Ownership category

akta.pro rank

Product category

Cross-Border Remittance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Consumer Remittances (P2P) (FSAMAIAA)

akta.pro secondary industries

P2P Transfers & Remittances Platforms (BPAMAFAE), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• Money transfer software
• Cross-border remittance
• Compliance management platform
• Remittance-as-a-service
• Payment platform technology

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software-as-a-Service (SaaS) Rental Model: Clients pay a one-off setup fee plus a monthly rental fee that varies based on the number of transactions processed per month. Hardware (hosting, IT infrastructure) and software (support and maintenance) costs are included in the monthly rent. Clients can start on the rental model and transition to the sale model later, with the rental setup fee discounted from the sale price.
2. Software License / On-Premise Sale Model: Clients purchase a perpetual license to use the RemitONE system (DIY model). The client manages their own hosting and IT infrastructure. Setup involves off-the-shelf deployment within 10 business days; customisations and integrations take longer.
3. Transaction / Connection Fees: Fees charged for connecting to other RemitONE platforms or correspondent entities. A nominal one-off fee of GBP 500 is charged per RemitONE Connection to link with another RemitONE client or correspondent entity not already on the network.
4. RemitONE Consulting — Licensing Advisory: Provides end-to-end MSB licensing consultancy including document preparation, regulator liaison, compliance framework setup, and introduction to banking and compliance officer partners. Helps clients obtain MSB licenses in the UK (SPI, API, SEMI, AEMI), US, Europe, and welcoming jurisdictions (Lithuania, Cyprus, Malta, Gibraltar). Also includes RemitONE Proton for UK remittance bank account assistance.
5. RemitONE Business Payments: A new service helping MTOs and fintechs consolidate settlement volume, access better FX rates, and manage payment partner funding — monetised as part of the broader platform value proposition for enterprise clients.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels10 records

Core offering

RemitONE provides a fully hosted, white-label money transfer SaaS platform and licensing advisory that lets banks, money transfer operators, fintechs and payment institutions run compliant cross-border remittance operations across online, mobile, agent and branch channels. The stack includes a proprietary Money Transfer Engine, an integrated Compliance/RCOM screening layer covering 350+ sanctions lists, and a RemitONE Connections network giving instant access to 102,000+ payout locations worldwide.

Product overview

RemitONE is a comprehensive remittance software platform offering a modular, SaaS-based architecture. The core Money Transfer Engine™ (MTE) serves as the central platform, supplemented by specialized modules including Agent Remittance Manager™ (ARM) for branch/agent operations, Online Remittance Manager™ (ORM) for web-based customer self-service, and Mobile Remittance Manager™ (MRM) for mobile app functionality. The platform includes Compliance Manager™ and Regulatory Compliance Manager (RCOM™) for AML/KYC compliance, RemitONE Connections™ for accessing global banking and MTO networks, and RemitONE Business Payments for FX and settlement management. RemitONE Consulting provides licensing and regulatory advisory services, while Remittance-as-a-Service (RaaS) enables faster market entry. The ecosystem supports multiple delivery channels including online portal, money transfer app, branch, kiosk, and agent networks, accessed from anywhere via cloud-hosted infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Money Transfer Engine (MTE): Industry-leading money transfer platform used by banks and MTOs worldwide
• Agent Remittance Manager (ARM)
• Online Remittance Manager (ORM)
• Mobile Remittance Manager (MRM)
• Compliance Manager
• RemitONE Connections
• Business Payments
• Regulatory Compliance Manager (RCOM)
• Remittance-as-a-Service (RaaS)
• RemitONE Proton

Products and services

• Money Transfer Engine (MTE) The flagship multi-currency, multi-agent, multi-channel money transfer platform used by banks and MTOs worldwide for cross-border remittance processing, agent and branch management, KYC/AML enforcement and core banking integration.
• RemitONE Consulting Bespoke advisory and licensing service that helps startups and operators obtain MSB licences (UK FCA SPI, API, SEMI, AEMI; US; EU; welcoming jurisdictions) and arrange remittance bank accounts and compliance officer introductions.
• Remittance-as-a-Service (RaaS) RaaS offering that lets banks, fintechs and MSBs launch new remittance corridors quickly with pre-built compliance, connections and infrastructure rather than building from scratch.
• RemitONE Business Payments Settlement and FX service that helps MTOs, fintechs and payment institutions consolidate settlement volume, access better FX rates, fund payment partners and manage settlement inside the RemitONE platform.

Quantifiable outcome

• UBA achieved 800% transaction growth in first year across 18 countries
• +9 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability4 records

Feature13 records

Partnerships

Three partnerships are on record, tiered core.

• VolumecoreTechnology or Integration · 28 May 2026RemitONE partnered with Volume to bring open banking payments to RemitONE's global network of banks, money service businesses, and fintechs. The integration enables RemitONE clients to offer faster, lower-cost customer funding through secure account-to-account payments. London, 28th May 2026.
• Digit9coreTechnology or Integration · 18 February 2026RemitONE partnered with Digit9 to enhance cross-border payment capabilities for MSBs, MTOs, banks, and fintechs worldwide. Through this integration, RemitONE clients can access cross-border services across 170+ countries including bank/account credit, cash pickups, and wallet payouts supporting both B2B and C2C payment flows. Combined ecosystem creates a powerful infrastructure layer for global expansion.
• RemitONE Connections (Correspondent Banks and MTO Network)coreTechnology or IntegrationRemitONE Connections is an ecosystem of correspondent banks, MTOs, and payout networks that RemitONE clients can instantly access without bilateral agreements. Clients include major banks and MTOs globally. Integration cost is GBP 500 per connection. The ecosystem provides instant access to new markets and corridors.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wise Platform (formerly TransferWise for Business): Wise Platform offers a white-label cross-border payments infrastructure product that banks and fintechs embed into their own offerings — directly competing with RemitONE's MTE/RaaS proposition. Both target banks, fintechs, and MTOs seeking to add remittance capabilities without building infrastructure from scratch, and compete for the same enterprise customers in send/payout corridors.
• Thunes: Thunes is a global cross-border payments network connecting 130+ countries with bank, mobile wallet, and cash pickup payout options. It competes directly with RemitONE Connections for network reach, and increasingly for the same bank and MTO clients seeking correspondent and payout infrastructure across emerging markets.
• Currencycloud (Visa): Currencycloud provides cross-border payments-as-a-platform infrastructure (acquired by Visa in 2023) for banks, fintechs, and money transfer operators. It is a direct competitor in the white-label remittance engine space, offering API-based multi-currency accounts and payment routing similar to RemitONE's MTE and ORM products.
• Ripple (RippleNet / Ripple Payments): RippleNet provides cross-border payment infrastructure for banks and payment providers, with corridors across 70+ markets and growing wallet and MTO connectivity. It competes directly with RemitONE for bank and MTO clients seeking faster, lower-cost remittance rails, particularly in emerging market corridors where both companies are active.
• BPC (Banking Platform Company): BPC provides a complete remittance and payments processing platform used by banks, MTOs, and fintechs globally — directly comparable to RemitONE's Money Transfer Engine. Both serve enterprise clients across emerging market corridors with multi-channel (agent, online, mobile) deployment and built-in compliance tooling.
• WorldRemit (Sendwave): WorldRemit is a leading digital cross-border remittance operator with an extensive payout network across emerging markets. While primarily a B2C operator, it increasingly offers infrastructure and partner services that overlap with RemitONE's MTO enablement proposition, and competes for the same talent and corridor partnerships.
• MFS Africa / Onafriq: Onafriq (formerly MFS Africa) operates a pan-African mobile money and cross-border payment network connecting 500+ million mobile wallets. It is a direct competitor in African corridors where RemitONE has its deepest customer base (UBA, Express Union, Dahabshiil), competing for mobile wallet and B2B payment routing volume.
• Nium: Nium is a global real-time cross-border payments platform offering bank, card, and wallet payout rails across 100+ countries. It competes directly with RemitONE Connections for correspondent bank and payout network partnerships, and targets the same fintech, MTO, and enterprise buyer segment with API-first infrastructure.

Broad incumbents

• Finastra: Finastra is a large incumbent financial software provider offering core banking, payments, and remittance modules within its broader Fusion portfolio. It competes with RemitONE indirectly via its payments and financial messaging products, but does not specialise in standalone remittance infrastructure for MTOs and smaller banks.
• Temenos: Temenos provides core banking and payments software to banks worldwide, including cross-border payment functionality within its broader suite. While not a specialist remittance platform, it competes for the same bank buyer budget that RemitONE targets, particularly with tier-1 banks evaluating end-to-end versus modular approaches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/remitone-ltd
• Xx.com/RemitONE

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Remit One