ExTravelMoney.Com

What ExTravelMoney.Com does

ExTravelMoney.Com (legal entity: Extravelmoney Technosol Pvt Ltd) is an Indian e-fintech platform founded in 2015 and headquartered in Kochi, Kerala. It operates as an online forex aggregator marketplace, comparing live exchange rates from a network of 6,500+ RBI-authorized money changers (AD Category-I/II and FFMC licensed) and banks across 75+ Indian cities. The platform enables individual customers to compare rates and book foreign currency exchange, multi-currency forex cards, and international wire transfers online without service fees, with orders fulfilled via doorstep delivery within 48 hours or pickup from partner stores.

The core technology is a live rate comparison engine with an end-to-end digital workflow covering rate display, KYC document upload, order management, and partner integration. Distinctive features include a price lock mechanism (up to 3 days via refundable deposit) and integrations with Flywire and Convera for university fee payments. The product surface has expanded beyond pure forex aggregation to include study-abroad-specific services (GIC account opening for Canada, Sperrkonto/blocked accounts for Germany), travel visa applications (100+ countries), travel insurance (via ICICI Lombard partnership), and recently educational loans — addressing both leisure travelers and the structurally growing Indian outbound education market.

The business model is a free-to-customer marketplace monetized through referral commissions and transaction fees paid by partner money changers and banks when customers complete forex transactions through the platform. Additional referral revenue is generated from ICICI Lombard travel insurance and visa services. The company is privately held with no disclosed VC/PE funding rounds, and is institutionally backed by Kerala State Industrial Development Corporation (KSIDC) and Kerala Startup Mission (KSUM) as part of Kerala's startup ecosystem. Leadership comprises CEO George Zachariah, CTO Ashwin Narasimha, and CMO Nisanth Issac, supported by a lean team of 11–50 employees.

Name

ExTravelMoney.Com

Legal name

Extravelmoney Technosol Pvt Ltd

Website

https://extravelmoney.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

ExTravelMoney.Com is an Indian online forex aggregator marketplace headquartered in Kochi that compares live exchange rates from 6,500+ RBI-authorized money changers across 75+ cities, serving individual travelers, study-abroad students, and remittance customers with zero service fees.

Ownership category

akta.pro rank

Product category

Online Forex & Money Transfer Marketplace

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Activities Related to Credit Intermediation (5223)

SIC

Loan Brokers (6163), Finance Services (6199)

akta.pro primary industry

Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• Online forex aggregator
• Foreign currency exchange
• Outward remittance services
• Multi-currency forex cards
• Money transfer marketplace

Headquarters

HQ city

Cochin

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Transaction/Referral Commission from Partners: ExTravelMoney is a free platform for customers with zero service fees. Revenue is generated through referral commissions or transaction fees received from partner RBI-authorized money changers and banks when customers complete forex transactions through the platform. The company acts as a lead generation and customer acquisition channel for its forex partners.
2. Visa and Travel Insurance Services: ExTravelMoney offers visa application services (with 99.3% approval rate) and travel insurance through ICICI Lombard partnerships, generating referral fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ExTravelMoney is an online forex aggregator marketplace that lets Indian customers compare live exchange rates from 6,500+ RBI-authorized money changers and banks and book currency exchange, multi-currency forex cards, and international wire transfers through a single digital platform. The company charges zero service fees to customers and earns partner referral commissions, with add-on services for students (GIC account opening, blocked account opening, university fee payment) and travelers (visa applications, travel insurance).

Product overview

ExTravelMoney.Com is an online marketplace/aggregator for forex and remittance services in India, launched in 2015. The platform operates by comparing exchange rates from 6500+ partnered RBI-authorized money changers (AD II and FFMC) and banks across 75+ cities. The core product is the rate comparison and booking platform for currency exchange, multi-currency forex cards, and international wire transfers. Additional services include travel visas (100+ countries), travel insurance (via ICICI Lombard), educational loans, university fee payments (via Flywire/Convera), and specialized student services including GIC account opening (Canada) and blocked account opening (Germany). The platform is free for customers with zero service fees, earning revenue from partner commissions.

Differentiator

Problem solved

Functional benefit

Products and services

• Currency Exchange Buy and sell foreign currency from RBI-authorized money changers and banks; currency is delivered to doorstep or can be collected from partner stores. Designed for Indian residents needing foreign cash for travel or remittance.
• Multi-Currency Forex Card Prepaid travel cards loaded with multiple foreign currencies for shopping and ATM withdrawals abroad. Offers better exchange rates than cash and can be reloaded anytime. Targeted at Indian travelers.
• Wire Transfer (Send Money Abroad) International money transfer service enabling outward remittances from India to the USA, UK, Canada, Australia, UAE, Germany, France, Singapore, New Zealand and other countries via partner banks and RBI-authorized dealers.
• Travel Visa Service Online visa application service for tourist visas to 100+ countries, reportedly with a 99.3% approval rate. Aimed at Indian travelers booking international trips via the same platform.
• Travel Insurance Travel insurance offered through ICICI Lombard for international travelers purchasing it via ExTravelMoney, with the company earning referral fees from the insurer.
• Educational Loan Education loans for funding study-abroad programs, offered in partnership with financial institutions. Targeted at Indian students and their families planning overseas education.
• University Fee Payment Service for paying international university fees using the Flywire and Convera payment platforms, with savings of up to 5% on exchange rates versus bank rates. Targeted at Indian students and their sponsors.
• GIC Account Opening Opens Guaranteed Investment Certificate (GIC) accounts in Canada's CIBC for international students requiring proof of funds for Canadian student visas. Includes a promotional offer of ₹4,000 OFF on the 1st transfer plus a 25 CAD bonus.
• Blocked Account Opening (Sperrkonto) Opens Sperrkonto (blocked account) in Germany through top blocked account providers for Indian students needing to satisfy German student visa fund requirements.
• Send Money to GIC Account Wire transfer service routing funds from Indian bank accounts into GIC accounts in Canada for study-abroad students.
• Send Money to Blocked Account Wire transfer service routing funds from Indian bank accounts into blocked accounts in Germany for student visa compliance.

Quantifiable outcome

• Customers save up to 5% compared to market rates
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

15 partnerships are on record, tiered minor, flagship and core.

• ICICI Lombard General InsuranceminorGTM or Marketing Partner · 1 January 2025Partnership for offering travel insurance services to customers. ExTravelMoney refers customers to ICICI Lombard for travel insurance coverage, earning referral fees.
• EbixCash World MoneyflagshipChannel Partner/ Reseller/ Distributor · 1 January 2015EbixCash World Money, established in 1998, is India's largest RBI-authorized ADII category forex company with over 650,000 physical outlets. They offer international remittance, prepaid forex cards, and foreign exchange services. Their RBI license is Category-II-No.MUM-ADII-0883-2023.
• Thomas Cook IndiacoreChannel Partner/ Reseller/ Distributor · 1 January 2015Thomas Cook (India) Limited, established in 1881, is the leading omnichannel travel company offering broad spectrum of forex services including cards, currency exchange, and remittances. One of India's most trusted travel and financial services brands.
• Muthoot FincorpcoreChannel Partner/ Reseller/ Distributor · 1 January 2015Muthoot Fincorp, part of Muthoot Pappachan Group, is a leading NBFC in India with over 30 years of forex service experience. Holds Authorised Dealer Category II License. Operates from headquarters in Noida with pan-Indian presence.
• Al Ansari Forex and Financial Services Private Limited (formerly BFC Forex)coreChannel Partner/ Reseller/ Distributor · 1 January 2015With legacy spanning over a century (established 1917), Al Ansari Forex is an RBI-authorised AD-II providing comprehensive foreign exchange and money transfer solutions. Backed by robust international network including Al Ansari Exchange and Bahrain Financing Company.
• Transcorp International LimitedcoreChannel Partner/ Reseller/ Distributor · 1 January 2015Transcorp International Limited is a BSE-listed diversified financial services company with focus on payment and forex sectors. Has 40+ exclusive branches across India providing foreign currency exchange and outward remittances.
• Capital India Finance Limited (RemitX)coreChannel Partner/ Reseller/ Distributor · 1 January 2015Capital India Finance Limited is a technology-driven NBFC with AD Category II license operating through its brand RemitX. Offers cross-border remittance services, multicurrency prepaid forex cards, and foreign currency notes. Headquartered in Mumbai.
• Relipay by RNFI MoneyminorChannel Partner/ Reseller/ Distributor · 1 January 2015RNFI Money, established in 2019, is a burgeoning financial services provider holding FFMC license from RBI. Provides ReliMoney Forex Travel Card, currency exchange, and international money transfer services. Headquartered in New Delhi.
• Xotik ForexminorChannel Partner/ Reseller/ Distributor · 1 January 2015Xotik Forex, a division of Xotik Travel And Forex Pvt Ltd, provides competitive foreign exchange solutions for over a decade. Holds RBI AD II license and IATA certification. Offers foreign currency, outward remittance, and forex cards from Jaipur.
• Zenith Forex OnlineminorChannel Partner/ Reseller/ Distributor · 1 January 2015Established in 1997, Zenith Forex Online is the third-largest RBI-authorized AD-II category forex company in India. Part of Zenith Leisure Holidays Ltd, provides currency exchange, remittance, and travel-related financial solutions.
• RRSB ForexminorChannel Partner/ Reseller/ Distributor · 1 January 2015RRSB Forex is one of India's oldest RBI-licensed AD II forex dealerships since 1912 with pan-India network and deeply trusted legacy of personal service.
• Multimoney ForexminorChannel Partner/ Reseller/ Distributor · 1 January 2015Multimoney Forex is an RBI-authorized Category II dealer with over 20 years of experience in foreign exchange services. Operates 30 branches across India offering currency exchange, outward remittance, forex cards, and travel insurance.
• IME IndiaminorChannel Partner/ Reseller/ Distributor · 1 January 2015IME India is a Full Fledged Money Changer (FFMC) licensed by RBI offering secure foreign currency exchange, domestic and Indo-Nepal remittance, and utility payment services across India.
• InstaremminorChannel Partner/ Reseller/ Distributor · 1 January 2015Instarem is a global payments platform enabling quick, cost-effective international transfers with competitive exchange rates for users in India. Holds RBI Category-II license.
• Fly FinanceminorChannel Partner/ Reseller/ Distributor · 1 January 2015Fly Finance is a modern fintech for students and global citizens combining education-loan financing, low-fee international money transfers, forex cards, and real-time rates. Holds FFMC license.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Remitly: US-headquartered digital remittance company serving Indian customers sending money abroad from competitive FX and fee perspectives. Competes in ExTravelMoney's outward remittance segment with significantly larger scale and brand recognition.
• Thomas Cook India: India's largest omnichannel forex and travel company, established in 1881. While also an ExTravelMoney partner, Thomas Cook operates its own retail forex, remittance, and forex card business serving the same Indian outbound travel customer base with greater brand recognition.
• EbixCash World Money: India's largest RBI-authorized AD-II category forex company with 650,000+ physical outlets. Both an ExTravelMoney partner and a competitor—offers international remittance, prepaid forex cards, and currency exchange through its own direct channels.
• Muthoot Fincorp: Leading Indian NBFC with over 30 years of forex service experience and AD-II license. Both an ExTravelMoney partner and a competitor—Muthoot operates its own pan-India forex and outward remittance branches targeting similar retail customers.
• Wise (formerly TransferWise): Global cross-border money transfer platform offering mid-market FX rates and low fees for international remittances. Competes with ExTravelMoney's wire transfer service for Indian customers sending money abroad, with deeper brand awareness globally.

Direct peers

• Convera: Global business-to-business cross-border payments and FX risk management provider. Overlaps with ExTravelMoney's university fee payment and remittance products, and listed as an integration partner.
• Flywire: Global payments platform specializing in international education fee payments and cross-border transactions. Direct overlap with ExTravelMoney's university fee payment offering—also listed as an integration partner via which ExTravelMoney routes education payments.
• BookMyForex: India's most direct competitor—BookMyForex operates an online forex marketplace comparing rates from RBI-authorized dealers and offers currency exchange, forex cards, and outward remittances. Same core product, same target customers (Indian travelers and students), same zero-fee aggregator model.
• Instarem: Global cross-border payments platform with RBI Category-II license serving Indian customers for international money transfers at competitive FX rates. Direct overlap with ExTravelMoney's wire transfer and remittance products, and also listed as an ExTravelMoney partner.

Regional players

• Weizmann Forex: Indian RBI-authorized forex dealer offering currency exchange, forex cards, outward remittances, and travel services. Competes in the same Indian retail forex segment with a focus on its own retail network rather than an aggregator model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/extravelmoney
• Facebookfacebook.com/extravelmoney

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 ExTravelMoney.Com