TransferZero Money Transfer EP SA
TransferZero is a Spain-domiciled fintech subsidiary of Kenya's AZA Finance, operating as the European arm of a B2B cross-border payments platform that supports 30+ currencies and serves remittance providers, multinationals, and enterprises moving funds into and across Africa.
- Company typePrivate
- Founded2016
- HeadquartersLas Rozas, Spain
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What TransferZero Money Transfer EP SA does
TransferZero Money Transfer EP SA is a Spanish fintech entity incorporated in Las Rozas, Spain, founded in 2016 and operating as a private, for-profit limited company with a headcount of 1-10 employees. Since its 2023 acquisition by Kenya-based AZA Finance, the entity has functioned as AZA's European vehicle, providing B2B cross-border payments, foreign exchange, treasury, and collections infrastructure. TransferZero operates the TransferZero Developer Portal, which now serves as the production front-end for AZA Finance's Bulk Payment API, supporting payments and bulk disbursements across 30+ currencies.
Under AZA Finance ownership, the combined platform offers six integrated products: Treasury (liquidity management), Payments (international and intra-Africa transfers), Foreign Exchange, Collections, Bulk Payment API (programmable payment processing for enterprise clients), and Online Payments. The underlying stack is PCI-DSS 4.0 compliant, ISO 27001:2022 certified, and SOC II certified, and is regulated by the Bank of Spain, UK FCA (license #673100), Bank of Uganda (licence #MR 125/23), Central Bank of Nigeria, and the South Africa Reserve Bank. The API exposes JavaScript SDK and is documented at developers.transferzero.com.
The business model is a transaction-fee B2B wholesale payments infrastructure play serving remittance providers, multinational corporations, and enterprises that need to move money into and across African frontier markets. Revenue is generated through cross-border payment processing fees, FX spread on currency conversions, and treasury/liquidity services. Pricing is quote-based and tailored to enterprise customers rather than publicly disclosed. One named enterprise customer (I-Transfer) is cited in available sources, with distribution occurring through API integration for large enterprise clients, a self-serve web platform for mid-market clients, and a direct enterprise sales team.
TransferZero Money Transfer EP SA firmographics
Firmographics- Name
- TransferZero Money Transfer EP SA
- Legal name
- TransferZero Money Transfer EP SA
- Website
- https://transferzero.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- TransferZero is a Spain-domiciled fintech subsidiary of Kenya's AZA Finance, operating as the European arm of a B2B cross-border payments platform that supports 30+ currencies and serves remittance providers, multinationals, and enterprises moving funds into and across Africa.
- Ownership category
- akta.pro rank
TransferZero Money Transfer EP SA industry classification
Industry- Product category
- Cross-Border Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG)
Keywords
Where TransferZero Money Transfer EP SA is headquartered
LocationHeadquarters
- HQ city
- Las Rozas
- HQ country
- Spain
- HQ region
- Europe
Markets served
TransferZero Money Transfer EP SA business model
Business model- GTM type
- B2B
- Offering type
- Software
Revenue model
- Cross-border Payment Processing: Transaction fees from processing international payments and currency exchanges for B2B clients across Africa and globally
- Foreign Exchange Services: Revenue from currency exchange with transparent pricing across 30+ currencies for business clients
- Treasury and Liquidity Services: Access to liquidity and treasury solutions for enterprises operating across multiple African markets
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
TransferZero Money Transfer EP SA product offering
Product offeringCore offering
TransferZero Money Transfer EP SA is a Spanish fintech that operates as the developer/API gateway for AZA Finance's cross-border payment infrastructure, enabling businesses to execute international and intra-Africa payments, foreign exchange, treasury management, and bulk disbursements across 30+ currencies via a programmable API and self-serve web platform. The company was acquired by Kenya's AZA Finance in 2023 and now serves as AZA Finance's European distribution entity, providing B2B payment processing for remittance providers, multinational corporations, and enterprises operating in frontier markets.
Product overview
AZA Finance operates as a B2B fintech platform providing foreign exchange, treasury, payments, and settlement services for frontier markets. The platform offers a unified suite of six integrated products: Treasury (liquidity management), Payments (international and intra-Africa transfers), Foreign Exchange (currency exchange), Collections (payment receiving), Bulk Payment API (programmable payment processing), and Online Payments. These products work together to serve remittance providers, multinational corporations, and enterprises operating across Africa, with deep liquidity across 30+ currencies. TransferZero Money Transfer EP SA was acquired by Kenya's AZA Finance, integrating Spanish fintech capabilities into this broader African B2B financial services ecosystem.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 99.5% uptime performance
- +2 more outcomes
Companies that use TransferZero Money Transfer EP SA
Customer profileNamed customers1 record
Segments1 record
TransferZero Money Transfer EP SA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
TransferZero Money Transfer EP SA partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
TransferZero Money Transfer EP SA competitors and assessment
Company assessmentDirect peers
- Wise (formerly TransferWise): Global cross-border payments and FX platform with multi-currency account capabilities and transparent pricing. Comparable business model focused on B2B and consumer cross-border payments, though with stronger G20 corridor depth.
- Chipper Cash: Africa-focused cross-border payments and FX platform serving consumers and businesses with intra-Africa and global payment corridors. Comparable in addressing African multi-currency cross-border needs.
- Payoneer: Cross-border B2B payment and receivables platform serving marketplaces, freelancers, and enterprises with global payment needs. Comparable B2B cross-border payment infrastructure with multi-currency capabilities.
- MFS Africa (Onafriq): Pan-African cross-border mobile money and payments network connecting over 500 million mobile wallets. Directly comparable in addressing African cross-border payment corridors and FX infrastructure.
- WorldRemit: Digital cross-border remittance platform serving consumers and businesses sending money to emerging markets including Africa. Comparable in cross-border corridor coverage and multi-currency settlement, though more consumer-focused.
- dLocal: Emerging markets payments processor enabling global merchants to accept and disburse payments across Latin America, Africa, and Asia. Comparable in providing cross-border payment infrastructure with deep local payment method coverage.
- Flutterwave: Pan-African B2B payment infrastructure provider enabling cross-border payments, FX, and collections across multiple African markets. Directly competes in the same African cross-border payments and FX corridors as AZA/TransferZero.
- Remitly: Digital remittance company focused on cross-border money transfers to emerging markets including African corridors. Comparable in targeting remittance providers and multinationals needing reliable payment rails to Africa.
- AZA Finance (parent): Direct parent and operating company providing the same cross-border payments, FX, and treasury infrastructure across Africa. TransferZero is operationally integrated into AZA Finance post-acquisition, making it the most directly comparable entity.
Broad incumbents
- Western Union Business Solutions: Established global cross-border payment and FX provider serving both consumer and B2B segments with extensive corridor coverage. Comparable in providing FX and cross-border payments to enterprises, but as a much larger incumbent with broader geographic scope.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
TransferZero Money Transfer EP SA social profiles
Digital presenceTransferZero Money Transfer EP SA compliance and trust
Trust signalCompliance5 records
TransferZero Money Transfer EP SA financial estimates
Financial estimateRevenue estimate
Valuation estimate
TransferZero Money Transfer EP SA leadership team
Management profileNumber of profiles
TransferZero Money Transfer EP SA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TransferZero Money Transfer EP SA 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 TransferZero Money Transfer EP SA
What does TransferZero Money Transfer EP SA do?
TransferZero Money Transfer EP SA is a Spanish fintech that operates as the developer/API gateway for AZA Finance's cross-border payment infrastructure, enabling businesses to execute international and intra-Africa payments, foreign exchange, treasury management, and bulk disbursements across 30+ currencies via a programmable API and self-serve web platform. The company was acquired by Kenya's AZA Finance in 2023 and now serves as AZA Finance's European distribution entity, providing B2B payment processing for remittance providers, multinational corporations, and enterprises operating in frontier markets.
Is TransferZero Money Transfer EP SA a public or private company?
TransferZero Money Transfer EP SA is a private company. It is currently acquired.
When was TransferZero Money Transfer EP SA founded?
TransferZero Money Transfer EP SA was founded in 2016. It employs 1 to 10 people.
Where is TransferZero Money Transfer EP SA based?
TransferZero Money Transfer EP SA is headquartered in Las Rozas, Spain, in the Europe region.
How does TransferZero Money Transfer EP SA make money?
Three revenue lines are on record. Cross-border Payment Processing is the primary driver. The others are foreign Exchange Services and treasury and Liquidity Services.
Who are TransferZero Money Transfer EP SA's main competitors?
Direct peers on record are Wise (formerly TransferWise), Chipper Cash, Payoneer, MFS Africa (Onafriq), WorldRemit, dLocal, Flutterwave, Remitly and AZA Finance (parent). Western Union Business Solutions is listed as a broad incumbent.
Does TransferZero Money Transfer EP SA have an API?
Yes. AZA Finance offers a Bulk Payment API enabling businesses to process international and intra-Africa payments across 30+ currencies with transparent pricing via a robust API and intuitive web platform. The API supports G20 and major African currencies. Developer access is available via the TransferZero developer portal. Developer documentation is at developers.transferzero.com/users/sign_in?environment_id=test.
What industry is TransferZero Money Transfer EP SA in?
TransferZero Money Transfer EP SA's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is FSAGAKAG, FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines). Its NAICS code is 522320 and its SIC code is 6199.