Tango AML
Tango AML is a Swedish software company providing white-label SaaS remittance platforms, KYC/AML compliance tools, and money transmitter licensing coverage for MSBs, MTOs, and fintech startups globally.
- Company typePrivate
- Founded2013
- HeadquartersÖrebro, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Tango AML does
Tango AML AB is a Swedish-registered private software company (subsidiary of Wiccon Invest) founded in 2013 and headquartered in Örebro, Sweden, with a sales office in Miami, FL. The company builds white-label SaaS remittance and compliance software for Money Service Businesses (MSBs), Money Transfer Operators (MTOs), fintech startups, and financial institutions seeking to launch or modernize cross-border money transfer services. Core products include the Tango Core System (central orchestration layer with CRM, compliance rules, and API middleware), Rocket Remit (a Remittance-as-a-Service platform offering US and Canadian money transmitter license coverage), XRAY (KYC/KYB/AML identity verification covering 100+ countries with PEP, sanctions, adverse media screening, and liveness checks), Verifiero (identity verification component), and white-label web and mobile applications for iOS and Android.
The platform is built on cloud-based microservices architecture deployable on Microsoft Azure, with isolated infrastructure per customer, and an API orchestration layer that integrates pay-in providers (Currencycloud, Moov, Rytepay) and payout networks (Thunes, Bakaal) to enable real-time cross-border payments across 130+ countries and 70+ currencies. Tango AML generates revenue through one-time lifetime software licenses (with optional per-transaction fees), tiered RaaS subscriptions (Basic, Plus, Pro), XRAY usage-based and monthly subscriptions, and professional services. The company pursues direct enterprise field sales augmented by channel partnerships and event-driven demand generation at industry conferences such as Web Summit and Seamless Europe. Notable strategic customers are limited in public disclosure, with Plusius identified as a financial institution using XRAY for KYC/AML compliance.
Tango AML firmographics
Firmographics- Name
- Tango AML
- Legal name
- Tango AML AB
- Website
- https://tangoaml.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tango AML is a Swedish software company providing white-label SaaS remittance platforms, KYC/AML compliance tools, and money transmitter licensing coverage for MSBs, MTOs, and fintech startups globally.
- Ownership category
- akta.pro rank
Tango AML industry classification
Industry- Product category
- Cross-Border Remittance Compliance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Cross-Border Payment Orchestration & Routing (FSAGAKAJ)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), AML/CTF Transaction Monitoring & Case Management (FSAGAFAC), Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)
Keywords
Where Tango AML is headquartered
LocationHeadquarters
- HQ city
- Örebro
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Tango AML business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Software License (One-Time Fee): Lifetime license one-time fee without transaction costs. Client pays upfront for software license and owns a lifetime license with no fees on transactions or FX costs (revenue remains fully with client). Both options are SaaS model.
- Software License with Transaction Fee: Lifetime license fee combined with transaction-based fee per processing. Client pays a one-time base fee plus per-transaction charges. Includes discounted pricing for additional PSP and payout integrations.
- XRAY Identity Verification Subscriptions: Pay-as-you-go (Basic), monthly subscription up to 200 checks (Light), and Corporate plans for daily large-volume checks. Additional monitoring and screening services included in higher tiers.
- Professional Services & Support: Free support included for initial period; thereafter charged per incident or as part of pre-agreed monthly support package. Feature updates included in license one-time price.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Tango Basic - Ideal for startups and small businesses entering MSB space |
| Hybrid | Multi-year contract | Tango Plus - Ideal for growing businesses looking to scale operations |
| Hybrid | Multi-year contract | Tango Pro - Ideal for companies with high transaction volumes |
| Usage-based | Pay-as-you-go | XRAY Basic - Pay as you go for small/occasional checks |
| Subscription | Monthly | XRAY Light - Up to 200 checks/month, monitoring included |
| Subscription | Monthly | XRAY Corporate - Daily use with large volume of checks |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Tango AML product offering
Product offeringCore offering
Tango AML provides white-label SaaS software for cross-border remittance operators and financial compliance, including a central core platform (Tango Core System), a Remittance-as-a-Service (Rocket Remit) offering with US/Canadian money transmitter license coverage, and an automated identity verification and AML screening module (XRAY). The platform serves Money Service Businesses (MSBs), Money Transfer Operators (MTOs), fintechs, and financial institutions with built-in KYC/AML compliance, sanction screening, transaction monitoring, and integration to pay-in and payout partners across 130+ countries and 70+ currencies.
Differentiator
Problem solved
Functional benefit
Brands
- Rocket Remit: A Remittance-as-a-Service (RaaS) platform for the North American market, providing licensing coverage in USA and Canada, money transmitter services, and cross-border payment solutions.
- XRAY
Products and services
- Tango Core System Central infrastructure platform for MSBs, MTOs, fintechs, and financial institutions. Stores users, security, monitoring, and corridor rules, and orchestrates API communication between inbound and outbound payment service providers along with integrated compliance, reporting, and customer support.
- Rocket Remit Remittance-as-a-Service (RaaS) platform providing money transmitter license coverage in USA and Canada, pre-built infrastructure, compliance features, and partner network. Available in Basic (up to 1k transactions/month), Plus (up to 10k transactions/month), and Pro (unlimited transactions/month) tiers for MSBs and fintechs launching cross-border money transfer services.
- XRAY Identity verification and AML screening solution for financial institutions and remittance operators. Provides automated KYC, KYB, PEP, watchlist, sanctions, and adverse media screening, document verification, liveness check, 2-factor authentication, and real-time AML monitoring with global coverage across 100+ countries.
- White-Label Web and Mobile Apps White-label web and mobile applications for iOS and Android connected securely to Tango Core. Customizable for branding and includes UI/UX design, push notifications, encrypted data handling, and multi-factor authentication for MSB and remittance clients.
- Verifiero Identity verification component integrated with XRAY, helping remittance and financial clients verify customer identity and meet KYC compliance requirements.
Quantifiable outcome
- Time to market reduced from months to weeks for new MSB entrants
- +2 more outcomes
Companies that use Tango AML
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Tango AML technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability3 records
Feature7 records
Tango AML partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ThunescoreTango AML's Rocket Remit platform integrates Thunes' global payments network spanning 200+ countries and 140+ currencies with competitive FX rates. This partnership enables seamless and real-time cross-border payments for MSBs and fintechs, addressing regulatory compliance, AML requirements, and operational efficiency. Thunes supports 280+ payment methods and enables payouts to 130+ countries.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Tango AML competitors and assessment
Company assessmentEmerging players
- Jumio: Jumio provides AI-driven identity verification, KYC, and AML compliance solutions with global document coverage and biometric liveness checks. Directly comparable to Tango's XRAY product for KYC/AML, and represents a larger, well-funded competitor in the identity verification space Tango is expanding into.
- ComplyAdvantage: ComplyAdvantage offers AI-driven AML transaction monitoring, sanctions screening, and KYC solutions for fintechs and financial institutions. Comparable to Tango's XRAY AML pattern recognition and compliance module, representing a focused, well-funded RegTech competitor.
Regional players
- TransferGo: TransferGo is a UK-based remittance platform serving European corridors and migrant send markets. While Tango focuses on infrastructure for MSBs, TransferGo illustrates the type of consumer remittance operator that Tango's white-label platform could enable, and is a regional player in similar corridors.
Broad incumbents
- Thunes: Thunes operates a global B2B cross-border payments network spanning 130+ countries and 280+ payment methods, serving gig economy and fintech leaders. While Tango is a partner/dependency for global reach, Thunes is also a competitive incumbent offering direct cross-border payment infrastructure to MSBs and fintechs, including its own RaaS-style offerings.
- dLocal: dLocal is a public cross-border payment processor enabling merchants and platforms to accept and pay out in emerging markets across 40+ countries. Comparable in providing emerging-market payment infrastructure, with overlapping MSB-adjacent customer base, though dLocal is significantly larger and publicly traded.
- Remitly: Remitly is a leading consumer remittance platform serving millions of users across 170+ countries. As a verticalized consumer remittance brand, it represents the type of end-customer Tango's MSB clients compete with, and illustrates the scale potential of the cross-border remittance market Tango serves as infrastructure.
Direct peers
- TerraPay: TerraPay operates a global payments network for cross-border money transfers, serving banks, money transfer operators, mobile wallets, and fintechs. Comparable in serving the MSB/MTO segment with infrastructure enabling remittances across 100+ countries, similar to Tango's positioning.
- Currencycloud: Currencycloud provides a cross-border payment platform and APIs for fintechs and businesses to move money globally in multiple currencies. Tango integrates Currencycloud as a pay-in provider, but Currencycloud also competes directly by offering embedded finance and remittance infrastructure to similar MSB and fintech customers.
- Verto: Verto is a B2B cross-border payments and FX platform enabling businesses and fintechs to send payments globally with multi-currency wallets and integration APIs. Comparable to Tango in serving fintechs and businesses seeking cross-border payment infrastructure, with overlapping target customers and API-driven delivery model.
- Moov: Moov provides an embedded payments platform for developers to add payment functionality to their software, abstracting banking protocols and compliance. Tango integrates Moov as a pay-in provider, but Moov also competes in the embedded payments / dev-friendly infrastructure space targeting fintechs and software platforms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Tango AML social profiles
Digital presenceTango AML financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tango AML leadership team
Management profileNumber of profiles
Profiles2 records
Tango AML funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tango AML 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 Tango AML
What does Tango AML do?
Tango AML provides white-label SaaS software for cross-border remittance operators and financial compliance, including a central core platform (Tango Core System), a Remittance-as-a-Service (Rocket Remit) offering with US/Canadian money transmitter license coverage, and an automated identity verification and AML screening module (XRAY). The platform serves Money Service Businesses (MSBs), Money Transfer Operators (MTOs), fintechs, and financial institutions with built-in KYC/AML compliance, sanction screening, transaction monitoring, and integration to pay-in and payout partners across 130+ countries and 70+ currencies.
Is Tango AML a public or private company?
Tango AML is a private company. It is classified as corporate owned and is currently operating.
When was Tango AML founded?
Tango AML was founded in 2013. It employs 11 to 50 people.
Where is Tango AML based?
Tango AML is headquartered in Örebro, Sweden, in the Europe region.
How does Tango AML make money?
Four revenue lines are on record. Software License (One-Time Fee) is the primary driver. The others are software License with Transaction Fee, XRAY Identity Verification Subscriptions and professional Services & Support.
Who are Tango AML's main competitors?
Emerging players on record are Jumio and ComplyAdvantage. TransferGo is listed as a regional player. Broad incumbents are Thunes, dLocal and Remitly. Direct peers are TerraPay, Currencycloud, Verto and Moov.
Does Tango AML have an API?
Yes. Tango Core System provides API middleware solution that enables API communication between payment service providers on both ends, inbound and outbound. The platform is built on a range of APIs to provide effective transaction solutions. Tango includes robust APIs for pay-in and payout methods, as well as KYC system integration. The API orchestration layers allow establishing and expanding networks of partner banks and payment companies in real-time.
What industry is Tango AML in?
Tango AML's product category is Cross-Border Remittance Compliance Software. Its primary akta.pro industry code is FSAGAKAJ, Cross-Border Payment Orchestration & Routing, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 522320 and its SIC code is 7370.