Extech
- Company typePrivate
- Founded2017
- HeadquartersTokyo, Japan
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
Extech firmographics
Firmographics- Name
- Extech
- Legal name
- 株式会社エクステック
- Website
- https://exchange-tech.co.jp
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Extech industry classification
Industry- Product category
- Automated Currency Exchange Machines
- NAICS
- Vending Machine Operators (445132)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where Extech is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices1 record
Markets served
Extech business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Currency Exchange Transaction Spread: ExTech generates revenue from the spread between the exchange rate applied to customer transactions and the market rate. Exchange fees are included in the displayed exchange rate with no additional charges. Facility owners receive payment based on exchange volume generated at their locations.
- Machine Deployment and Operations: As an independent manufacturer, ExTech develops, sells, and operates its own currency exchange machines. Revenue comes from transaction volume across its deployed machine network of over 1,000 locations in Japan.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Exchange Service |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Extech product offering
Product offeringCore offering
ExTech designs, develops, manufactures, operates, and sells the SimpleExchange brand of automatic currency exchange machines that convert foreign currency into Japanese Yen. The unmanned machines support 14 currencies across 15 languages and are deployed at over 1,000 partner facilities throughout Japan including hotels, convenience stores, train stations, shopping malls, and tourist facilities, enabling 24/7 self-service exchange for inbound tourists and foreign currency holders.
Product overview
Extech offers a single unified product called SimpleExchange — an automatic currency exchange machine (ATM) for foreign currency to Japanese Yen exchange. The system provides unmanned 24/7 operations, supports 14 major currencies and 15 languages, and is deployed across over 1,000 locations throughout Japan. There are no separate modules, add-ons, or platform-plus-components offerings; the SimpleExchange machine is the complete product encompassing hardware, software, exchange rate management, and multilingual user interface.
Differentiator
Problem solved
Functional benefit
Brands
- SimpleExchange: Automatic currency exchange machine brand operated by ExTech, supporting 14 currencies and 15 languages, installed at over 1,000 locations across Japan.
Products and services
- SimpleExchange Currency Exchange Machine An automatic, unmanned currency exchange machine that converts 14 supported foreign currencies (USD, EUR, CNY, KRW, TWD, HKD, THB, SGD, AUD, GBP, CAD, MYR, PHP, IDR) into Japanese Yen. It features a 15-language interface, 24/7 operation, high-precision banknote recognition with counterfeit detection, 1-minute transactions, no ID verification requirement, and is deployed at over 1,000 locations across Japan including hotels, convenience stores, train stations, shopping malls, and tourist facilities.
Quantifiable outcome
- 1-minute transaction time from language selection to receiving Japanese Yen
- +3 more outcomes
Companies that use Extech
Customer profileSegments3 records
Ideal customer profiles3 records
Extech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Extech partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Extech competitors and assessment
Company assessmentBroad incumbents
- MoneyGram: Global cross-border money transfer and FX provider with tourist-facing services; overlaps with ExTech in cross-border FX demand from inbound visitors but uses an agent-based rather than self-service kiosk model.
- Seven Bank: Operates Japan's largest ATM network inside 7-Eleven convenience stores, occupying the same retail-node distribution as SimpleExchange; competes for the same impulse cash-access moments but does not currently offer multi-currency FX to JPY.
- Western Union: Incumbent cross-border money movement and FX brand with retail-agent distribution; competes for foreign-currency-to-JPY demand by inbound travelers through different channels.
Emerging players
- Wise (formerly TransferWise): Digital multi-currency account and cross-border payment platform; competes indirectly by reducing tourists' need for physical FX conversion, eating into SimpleExchange's addressable cash-exchange volume.
- Revolut: Multi-currency digital wallet with international spending capabilities; serves the same inbound-traveler FX-need with a card/app experience that bypasses physical exchange machines like SimpleExchange.
Regional players
- WireBarley: Asia-focused cross-border remittance and FX platform with a Japan presence; overlaps with ExTech on inbound cross-border FX demand for East Asian corridors but operates digitally rather than via physical kiosks.
Direct peers
- Crown Currency Exchange: Specialized currency exchange operator for travelers and small businesses, with physical counters and kiosks; similar customer (tourists/foreign currency holders) and revenue model (FX spread).
- ICE Currency Exchange: UK-based airport and travel-hub currency exchange operator; competes for the same inbound-tourist FX wallet and operates physical kiosks in tourist corridors comparable to SimpleExchange's venues.
- Euronet Worldwide: Operates one of the largest ATM and FX kiosk networks globally, including in Japan through EEEP, with an unattended-machine operating model closely analogous to SimpleExchange.
- Travelex: Global leader in physical and digital currency exchange, operating both counter-based and kiosk-based FX services in airports, hotels, and tourist areas — the same high-traffic distribution model ExTech applies in Japan.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Extech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Extech leadership team
Management profileNumber of profiles
Profiles1 record
Extech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Extech 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 Extech
What does Extech do?
ExTech designs, develops, manufactures, operates, and sells the SimpleExchange brand of automatic currency exchange machines that convert foreign currency into Japanese Yen. The unmanned machines support 14 currencies across 15 languages and are deployed at over 1,000 partner facilities throughout Japan including hotels, convenience stores, train stations, shopping malls, and tourist facilities, enabling 24/7 self-service exchange for inbound tourists and foreign currency holders.
Is Extech a public or private company?
Extech is a private company. It is classified as corporate owned and is currently operating.
When was Extech founded?
Extech was founded in 2017. It employs 11 to 50 people.
Where is Extech based?
Extech is headquartered in Tokyo, Japan, in the Asia region.
How does Extech make money?
Two revenue lines are on record. Currency Exchange Transaction Spread is the primary driver. The others are machine Deployment and Operations.
Who are Extech's main competitors?
Broad incumbents on record are MoneyGram, Seven Bank and Western Union. Emerging players are Wise (formerly TransferWise) and Revolut. WireBarley is listed as a regional player. Direct peers are Crown Currency Exchange, ICE Currency Exchange, Euronet Worldwide and Travelex.
Does Extech have an API?
No public API is recorded for Extech.
What industry is Extech in?
Extech's product category is Automated Currency Exchange Machines. Its primary akta.pro industry code is THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance), with a secondary code of FSAGAKAF, Multi-Currency Accounts, Wallets & FX Management (Consumer/SME). Its NAICS code is 445132 and its SIC code is 6200.