Money Movers

What Money Movers does

Money Movers is a Georgian payment service provider founded in 2009 (შპს მანი მუვერსი / Money Movers LLC), headquartered in Tbilisi. The company operates a hybrid payments platform that combines a consumer-facing mobile wallet (MyProfile, on iOS and Android), a B2B centralized clearing system exposed via API, and a physical network of 8 service centers across Tbilisi, Rustavi, Batumi, and Kutaisi. Its regulatory and interoperability stack includes a Payment Service Provider license from the National Bank of Georgia, SWIFT membership (BIC MMLCGE22), Open Banking Third Party Provider authorization, ISO 27001:2022 certification (EuroCert), and Visa Payment Facilitator status, enabling it to connect Georgian consumers and merchants to banks, telecoms, utilities, gambling platforms, government services, virtual asset services, and international counterparties.

The company's core technology is a centralized clearing platform with API integration, SWIFT connectivity, and Open Banking infrastructure supporting account information and payment initiation services. The MyProfile application layers a digital wallet, 0% commission mobile balance top-up, money transfers, plastic card management, and an Auto Assistant module for vehicle-related administrative tasks (fines, technical inspections, consumable wear). In December 2025 Money Movers completed the acquisition of 100% of Neollet, adding an estimated 25% to its customer portfolio and integrating three additional regional service centers.

Name

Money Movers

Legal name

შპს მანი მუვერსი (Money Movers LLC)

Website

https://mm.ge

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Money Movers is a Georgian payment service provider offering a centralized clearing platform, B2B APIs, an e-wallet mobile app (MyProfile), and 8 physical service centers. It serves banks, telecoms, utilities, and consumers with transaction processing, money transfers, and Open Banking services.

Ownership category

akta.pro rank

Product category

Payment Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

akta.pro secondary industries

Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB), Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH)

Keywords

• Electronic payments
• Payment processing
• Mobile wallet
• Money transfer services
• Open banking APIs

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing and Transaction Fees: Money Movers processes payments across multiple channels including digital wallets, physical service centers, and merchant terminals, earning transaction fees on each processed payment.
2. Mobile Balance Top-up: Mobile phone balance replenishment services with 0% commission (as advertised), generating revenue through volume-based arrangements with telecom operators.
3. Clearing System Services: B2B services providing financial organizations with payment channel expansion capabilities and service providers with centralized payment collection through digital and physical channels. Revenue generated through API integration and transaction processing fees.
4. Card Services: Plastic card issuance and management services, contributing to transaction volume through card payments and withdrawals.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Money Movers is a Georgian payment service provider operating a centralized clearing platform that enables financial organizations to expand payment channels and service providers to accept payments through digital and physical channels. It offers consumers a mobile financial application (MyProfile) for utility payments, mobile balance top-up, money transfers, plastic card services, and vehicle monitoring. The company combines a B2B clearing/API infrastructure with B2C wallet, card, and branch-based services through 8 service centers across Georgia.

Product overview

Money Movers operates a unified payment ecosystem combining a mobile financial application (MyProfile), a B2B/B2B2C centralized clearing system with a payment API platform, physical service centers, and acquired brand Neollet. The core platform connects financial organizations and service providers to accept payments across digital (mobile app, web, API) and physical (self-service terminals, service centers) channels. MyProfile serves end consumers with wallet, card, transfer, and vehicle monitoring services, while the clearing system and API platform serve institutional clients. Neollet, acquired in December 2025, adds ~25% to the customer portfolio and its physical centers are being integrated into the Money Movers service center network.

Differentiator

Problem solved

Functional benefit

Brands

• My Profile: Mobile financial application offering mobile balance top-up, online onboarding, auto assistant for vehicle monitoring, and various financial services

Products and services

• MyProfile Mobile Application Mobile financial application for individual consumers in Georgia enabling mobile balance top-up at 0% commission, utility and service payments, money transfers, plastic card management, vehicle monitoring, and online onboarding. Available on Android and iOS.
• Centralized Clearing System B2B technological platform enabling financial organizations to expand payment channels and service providers to accept multi-channel payments through digital and physical channels, with automated settlement, reporting, financial analytics, and personalized technical support.
• Money Transfer Services Domestic and international money transfer services available through service centers and the MyProfile mobile app, enabling users to send and receive funds, supported by SWIFT network connectivity.
• Plastic Cards Branded plastic payment cards issued by Money Movers, available for ordering and pickup at service centers, providing users with a physical payment instrument for card transactions and withdrawals.
• Service Centers (including Neollet sub-brand) Physical branch network of 8 service centers across Georgia (Tbilisi, Rustavi, Batumi, Kutaisi) offering in-person financial services including utility payments, money transfers, card services, gambling account transactions, and customer support, including 24/7 locations.

Quantifiable outcome

• 16 years of continuous operation in electronic payments market
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• NeolletmajorStrategic or Co-development PartnerMoney Movers acquired 100% stake in Neollet in December 2025, fully taking over Neollet's customer base and service portfolio. The acquisition increased Money Movers' customer portfolio by approximately 25%. Neollet's service center locations in Rustavi, Batumi, and Kutaisi continue operating under the Money Movers ecosystem.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Remitly: Digital remittance platform with strong presence in CIS and Caucasus corridors. Comparable to Money Movers' international money transfer and SWIFT-enabled cross-border capabilities from a customer-use-case standpoint.
• Rapyd: Fintech-as-a-service platform providing global payment, wallet, and remittance infrastructure. Comparable to Money Movers' embedded payment, e-wallet, and clearing services targeting emerging and underbanked markets.

Direct peers

• TBC Bank: Major Georgian bank with its own digital payments platform, cards, and merchant acquiring. Comparable target customer (Georgian consumers and merchants) and overlapping product set with Money Movers' clearing and wallet services.
• Bank of Georgia: Largest Georgian commercial bank offering integrated retail payments, cards, and digital wallet services. Directly competes with Money Movers for consumer payment and merchant acquiring volume inside the same domestic market.
• Liberty Bank (Georgia): Georgian retail and commercial bank offering payment services, cards, and utility bill payment. Competes with Money Movers in B2C bill pay, card issuance, and B2B clearing within the same regulatory jurisdiction.
• eMoney Georgia: Georgian e-wallet and payment service provider licensed by the National Bank of Georgia. Closest direct competitor to Money Movers' MyProfile wallet and consumer payment offering within the domestic market.

Broad incumbents

• Worldline: European-listed payment processor and merchant acquirer. Comparable back-end processing and merchant acquiring model to Money Movers' clearing system, though at global incumbent scale.
• Checkout.com: Global payment processor with API-first architecture. Comparable to Money Movers' developer-facing clearing API platform that connects financial institutions and service providers, though at significantly larger scale.
• Wise: Global cross-border payments specialist. Comparable to Money Movers' SWIFT-based money transfer service and Open Banking/PSD2-aligned infrastructure, though operating at much greater scale and breadth.

Regional players

• Network International: MEA-focused payment processor and acquirer. Comparable to Money Movers' centralized clearing/API platform for service providers, though serving a different geography and at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/LLC_MoneyMovers
• Facebookfacebook.com/MoneyMovers

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 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 Money Movers