MoneyTO

What MoneyTO does

MoneyTO (legally Moneyto Ltd, UK Companies House registration 05108236) is a London-headquartered cross-border money transfer service, founded in 2004 and regulated by the UK Financial Conduct Authority as an authorised payment institution (firm reference 537811) with HMRC supervision under Money Laundering Regulations (XTML00000103733). The company enables UK-resident individuals to send international remittances to recipients in 80+ countries, with disbursement via 100,000+ cash pickup locations, direct bank deposits, or VISA/Mastercard card transfers. The platform is delivered through a responsive website (moneyto.co.uk) and native iOS and Android applications (rated 4.7 and 4.6 respectively), with most transfers completing within approximately 5 minutes.

Under the hood, the cloud-based platform integrates with TrueLayer for Open Banking payments, runs KYC/AML workflows requiring selfie, ID, and proof-of-address, and connects to a global payout partner network including UPT (Turkey), I-Transfer (Spain, 336 locations), Jet Peru, Fecambios (Paraguay), Bank AL Habib (Pakistan, 1,200+ locations), UBA and FCMB (Nigeria, 800+ locations), Asia United Bank (Philippines, 9,000+ locations), and multiple Uzbek and Turkish banks. The business model is per-transaction fee based (£0.99-£4 after first two free transfers on most corridors; zero fees on corridors such as Pakistan, Turkey, and Uzbekistan), supplemented by exchange rate margins. Distribution is fully digital self-serve, supported by multilingual country-specific landing pages, app store presence, third-party review platforms (Trustpilot 'Excellent', Reviews.io 5.0, Facebook 5/5), and a £10 referral bonus programme. The company has 11-50 employees, no external funding, and no disclosed institutional shareholders.

The target customer base is diaspora communities and occasional international senders in the UK, with primary corridors spanning Eastern Europe, Central Asia, the Middle East, South Asia, and Latin America. Per-transaction caps (£5 minimum, £4,000 maximum) and a fee-light promotional structure position MoneyTO as a low-friction alternative to traditional bank wires for personal remittances, rather than as a B2B or institutional cross-border payment provider.

Name

MoneyTO

Legal name

Moneyto Ltd

Website

https://moneyto.co.uk

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

MoneyTO is a UK-regulated cross-border money transfer service enabling individual diaspora customers to send remittances from the UK to recipients in 80+ countries via a web platform and mobile apps, using a network of 100,000+ cash pickup and bank deposit partners under a per-transaction fee model.

Ownership category

akta.pro rank

Product category

Cross-Border Money Transfer

akta.pro primary industry

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

akta.pro secondary industries

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• International money transfers
• Remittance services
• Cross-border payments
• Foreign exchange transfers
• Digital remittance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Transfer Transaction Fees: MoneyTO charges per-transaction fees on money transfers. New customers typically receive their first two transfers free; subsequent transfers incur flat fees ranging from £0.99 to £4 depending on destination country. Fees are transparent and shown upfront before confirmation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

MoneyTO operates a digital cross-border money transfer platform that enables UK residents to send funds to recipients in 80+ countries via a responsive website and native iOS/Android mobile applications. Customers can pay via bank transfer, debit/credit card, or Open Banking, with recipients able to receive funds as cash pickup at 100,000+ partner locations, direct bank account deposits, or VISA/Mastercard transfers in local currency.

Product overview

MoneyTO is a UK-authorized money transfer service offering international remittance from the United Kingdom to over 80 countries. The core offering consists of a web-based online platform (moneyto.co.uk) and native mobile applications for iOS and Android, providing users with multiple payment methods including bank transfers, credit/debit card payments, and Open Banking. Recipients can receive funds via cash pickup at partner locations, direct bank account deposits, or VISA/Mastercard card transfers. The service features country-specific corridors (Uzbekistan, Turkey, Tajikistan, Spain, Slovenia, Philippines, Peru, Paraguay, Pakistan, Nigeria, Malta, Luxembourg, Lithuania, Latvia, and many others) with varying fee structures, delivery speeds, and payout networks. The MoneyTO platform includes real-time transfer tracking, 24/7 multilingual customer support, and competitive exchange rates.

Differentiator

Problem solved

Functional benefit

Products and services

• MoneyTO Mobile App Native iOS and Android application (MoneyTO Money Transfer) that enables UK users to register, send international money transfers, track transactions in real time, and manage recipients. Rated 4.7 on App Store and 4.6 on Google Play.
• MoneyTO Online Platform Responsive web-based money transfer service available at moneyto.co.uk allowing UK customers to register, send money internationally, track transfers, and access multilingual customer support from any browser.
• International Money Transfer Service Core remittance offering providing UK-to-international money transfers with country-specific corridors covering 80+ destinations including Philippines, Pakistan, Nigeria, Peru, Paraguay, Spain, Turkey, Uzbekistan, Tajikistan, Slovenia, Malta, Luxembourg, Lithuania, Latvia, and others. Each corridor supports cash pickup at local partner banks/agents, direct bank deposits, and VISA/Mastercard transfers with destination-specific currencies.

Quantifiable outcome

• Transfer delivery typically within 5 minutes of transaction finalisation
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• UPT (Universal Payment Transfer)coreTechnology or Integration · 9 September 2025UPT is a leading Turkish payment company that enables MoneyTO's expanded Turkey service with £0 transfer fees on all amounts. The partnership enables local currency (TRY) payouts to Turkish bank accounts and bank cards, with transfers processed through UPT's local infrastructure for speed and reliability.
• I-Transfer Global PaymentscoreChannel Partner/ Reseller/ DistributorI-Transfer Global Payments is MoneyTO's official partner in Spain, operating 336 cash pickup locations across 145 Spanish cities and towns. Recipients can collect transfers in EUR at I-Transfer locations including major cities like Madrid, Barcelona, Valencia, and Malaga.
• Jet PerucoreChannel Partner/ Reseller/ DistributorJet Peru is MoneyTO's official partner in Peru, providing 114 cash pickup locations across 75 cities including Lima, Arequipa, Cusco, and Piura. Recipients can collect USD transfers at Jet Peru locations.
• FecambioscoreChannel Partner/ Reseller/ DistributorFecambios is MoneyTO's official partner in Paraguay, operating 305 cash pickup locations across 61 cities and towns. Recipients can collect transfers in PYG (Paraguayan Guarani) at Fecambios agent locations.
• Bank AL HabibcoreChannel Partner/ Reseller/ DistributorBank AL Habib is MoneyTO's official partner in Pakistan, providing over 1,200 cash pickup locations across the country including major cities (Lahore, Islamabad, Karachi, Peshawar) and rural areas. Transfers are paid out in PKR.
• TrueLayercoreTechnology or IntegrationTrueLayer provides Open Banking infrastructure enabling MoneyTO customers to authorise payments directly from their UK bank accounts without entering card details. This integration provides secure, fast payment processing and is increasingly popular among UK users.
• United Bank for Africa (UBA)coreChannel Partner/ Reseller/ DistributorUBA is a key payout partner in Nigeria, with cash pickups available at 800+ locations across the country including Lagos, Abuja, Kano, Port Harcourt, and other major cities. Recipients can collect USD transfers at UBA branches.
• First City Monument Bank (FCMB)minorChannel Partner/ Reseller/ DistributorFCMB is an additional payout partner in Nigeria, offering cash pickup locations alongside UBA for recipient convenience across Nigeria.
• Asia United Bank CorporationcoreChannel Partner/ Reseller/ DistributorAsia United Bank Corporation is the primary cash pickup partner in the Philippines, with over 9,000 locations across 56 cities and towns including Quezon City, Manila, Davao City, and Cebu City. Recipients collect PHP transfers.
• Ziraat Bank (Turkey)minorChannel Partner/ Reseller/ DistributorZiraat Bank is one of several Turkish bank partners enabling direct card transfers to Turkish bank cards. MoneyTO works with multiple Turkish banks including Ziraat, İşbank, Garanti BBVA, AKBank, Yapı Kredi, Halkbank, VakıfBank, and others for card and account transfers.
• NBU Bank, Hamkorbank, Asaka Bank (Uzbekistan)coreChannel Partner/ Reseller/ DistributorMultiple Uzbek banks enable cash and card payouts including National Bank of Uzbekistan (NBU), Hamkorbank, and Asaka Bank. Recipients can collect transfers in USD, UZS, or EUR at over 1,200 locations across Uzbekistan.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Remitly: US-headquartered digital remittance company targeting diaspora communities with mobile-first cross-border transfers. Competes head-to-head with MoneyTO on key corridors including Philippines, Nigeria, Pakistan, and India, with similar PLG and app-driven acquisition.
• Wise (formerly TransferWise): London-headquartered digital remittance and multi-currency platform serving UK senders across many of the same diaspora corridors as MoneyTO, with bank-to-bank transfer rails. Directly comparable on product, target customer, and regulatory standing, though significantly larger and more capitalised.
• PaySend: UK-headquartered digital remittance company offering card-to-card and account-to-account transfers to 70+ countries. Directly comparable in business model, target market (diaspora senders from UK), and corridor coverage, particularly in CIS and Eastern Europe.
• WorldRemit: UK-based digital remittance platform offering mobile money transfers, bank deposits, and cash pickup across 130+ countries. Closely comparable to MoneyTO on product mix, UK regulation, and diaspora customer targeting, though at substantially greater scale.
• CurrencyFair: Ireland-based peer-to-peer currency exchange and international money transfer service. Comparable on cross-border transfers from the UK/Ireland to multiple diaspora destinations, with similar mid-market FX positioning.
• Small World Financial Services: European remittance specialist serving diaspora communities with cash pickup and bank deposit services. Similar size and corridor focus to MoneyTO, with overlapping presence in Spain and Eastern European destinations.
• XE Money Transfer: UK-based foreign exchange and international money transfer service from the parent of Xe.com. Comparable on UK-originated FX-linked transfers and diaspora customer base, with broader B2B FX exposure.

Broad incumbents

• Revolut: UK-headquartered super-app offering remittance as a feature within a broader banking, FX, and crypto product suite. Increasingly overlaps MoneyTO's UK-sender diaspora use cases and could commoditise standalone remittance players.
• MoneyGram: Global money transfer company with extensive agent network and growing digital channel. Competes with MoneyTO on corridor coverage (Philippines, Nigeria, Pakistan, etc.) but at much larger scale and broader product scope.
• Western Union: Global remittance incumbent with the largest agent network worldwide and digital channel. Overlaps with MoneyTO on nearly every corridor MoneyTO serves, but operates as a broad diversified financial services platform rather than a niche UK diaspora specialist.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/moneytotheworld
• LinkedInlinkedin.com/company/moneyto

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 MoneyTO