Moneytun

What Moneytun does

Moneytun LLC is a privately-held, founder-owned money transmission company founded in 2006 (per company materials) and headquartered in Las Vegas, Nevada. The company is registered with the U.S. Department of the Treasury as a Money Service Business and holds Money Transmitter licenses in Nevada, California, Florida, Texas, Washington, and New Jersey. Moneytun generates revenue primarily through per-transaction fees on international remittances, with pricing varying by destination corridor, partner organization, and transfer amount, and offers a promotional free first transfer to Armenia.

The company's core product is the Moneytun remittance service, which enables individuals and small organizations to send money internationally with a stated specialization in corridors to Armenia, Ukraine, Russia, and other CIS countries. Distribution is multi-channel: the FirmPay.com online platform, native iOS and Android mobile applications launched in April 2021, three California and Nevada physical branches, and an extensive Armenian bank-partner payout network spanning ArdshinBank, ArmEconomBank, Ararat Bank, ID Bank (formerly Anelik Bank), Unibank, Fast Bank, and Evoca Bank. The platform claims access to 5,000-60,000 payout locations across 25+ countries and 85 destination countries overall, with most transfers settling within minutes. Moneytun's Armenian-language remittance software, deployed in June 2017, is described as the only Armenian-language solution offered by a foreign remittance operator in Armenia.

Operationally, Moneytun runs a niche diaspora-focused remittance business targeting the Armenian diaspora worldwide as the primary segment, with secondary segments in Russian-speaking communities in Florida and Texas, individual consumers generally, and small businesses. The company emphasizes regulatory compliance (FinCEN, OFAC, AML/CTF, CIP, transaction monitoring, encryption) and maintains marketing presence through Facebook, Instagram, a company blog, and App Store / Google Play listings. The business is bootstrapped with no disclosed funding rounds, no parent company, and no institutional investors identified in the source materials.

Name

Moneytun

Legal name

Moneytun LLC

Website

https://moneytun.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Moneytun LLC is a privately-held, founder-owned US money transmitter founded in 2006, licensed in six states, that provides international remittance services primarily for the Armenian diaspora and CIS communities via online, mobile, and Armenian bank-partner payout networks.

Ownership category

akta.pro rank

Product category

International Money Remittance

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Consumer Remittances (P2P) (FSAMAIAA), Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ)

Keywords

• International money remittance
• Money transfer services
• Cross-border payments
• Money transmitter licensing
• Armenia remittance services

Headquarters

HQ city

North Hollywood

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Money Transfer Transaction Fees: Fees charged per transaction based on destination country, partner organization, and transfer amount. The company offers competitive exchange rates and low fees for international remittances.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Moneytun provides international money transfer and remittance services for individuals and small organizations, specializing in transfers to Armenia, Ukraine, Russia, and other CIS countries. Services are delivered through the online FirmPay.com platform, iOS/Android mobile apps, US branch offices, and an extensive Armenian bank partner payout network. The company is licensed as a Money Transmitter in Nevada, California, Florida, Texas, Washington, and New Jersey, and is registered with the U.S. Department of the Treasury as a Money Service Business (MSB).

Product overview

Moneytun offers a multi-channel money transfer and remittance platform centered around its core Moneytun service, accessible through physical payout locations (5,000+ points in 25+ countries) and its online FirmPay.com platform. The company also provides a mobile app for iOS and Android. The ecosystem includes specialized services for international transfers to Armenia (the company's primary market), transfers to Mexico, SEPA payments for Eurozone transactions, and transfers to Nepal. Moneytun has built an extensive network of banking partners in Armenia (ArdshinBank, ArmEconomBank, Ararat Bank, ID Bank, Unibank) for physical cash pickups and bank deposits. The core service competes on security certifications, exchange rates, low fees, and personalized customer service for small communities and individuals.

Differentiator

Problem solved

Functional benefit

Brands

• FirmPay.com: Moneytun's online remittance platform used for sending money to Mexico, Texas, and SEPA payments.

Products and services

• Moneytun International Money Transfer Core remittance and money transfer service enabling individuals and small organizations to send money worldwide, with specialized services for Armenia, Ukraine, Russia, and CIS countries. Available via FirmPay.com, mobile apps, and 5,000+ payout points in 25+ countries.
• FirmPay.com Online Remittance Platform Moneytun's online remittance platform enabling users to send money transfers digitally to Armenia, Mexico, and SEPA-region destinations. Accessible at firmpay.com and firmpay.us.
• Moneytun Mobile App (iOS and Android) Mobile application available on iOS (App Store) and Android (Google Play) enabling users to send money transfers to Armenia and other destinations from their mobile devices.
• Transfers to Mexico International money transfer service enabling Moneytun clients to send funds to Mexico via FirmPay.com, with funds deliverable to any Mexican bank account or available as cash pickup at Mexican bank partners.
• SEPA Payments Single Euro Payments Area (SEPA) payment service available at Moneytun's branches and online via FirmPay.com, enabling transfers within the Eurozone.
• Money Transfers to Nepal International money transfer service to Nepal supporting cash pickups and bank deposits.

Quantifiable outcome

• Most transfers complete in a few minutes
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• UnibankcoreChannel Partner/ Reseller/ Distributor · 12 September 2019Moneytun added over 45 retail bank locations to its network through partnership with Unibank. Unibank is an iconic financial institution in Armenia, established in October 2001, with over 45 branches throughout Armenia and a representative office in Moscow.
• ArdshinBankcoreChannel Partner/ Reseller/ Distributor · 5 October 2016Moneytun partnered with ArdshinBank adding over 50 retail branches to its network for secure, fast remittances to/from the United States. ArdshinBank is the second largest bank in Armenia by assets (~$900 million) and winner of Euromoney's 'Best Bank in Armenia 2015' award.
• Anelik BankcoreChannel Partner/ Reseller/ Distributor · 10 May 2015Moneytun partnered with Anelik Bank to expand services in Armenia through strategic partnership offering wide range of remittance services at minimal costs. Individuals can pickup transfers in any Anelik Bank location throughout Armenia.
• ArmEconomBankcoreChannel Partner/ Reseller/ DistributorMoneytun has extensive partnership with ArmEconomBank providing remittance services through their branch network across Armenia with 30+ branch locations.
• Ararat BankcoreChannel Partner/ Reseller/ DistributorMoneytun partnered with Ararat Bank for remittance services through their branch network across Armenia.
• ID Bank (formerly Anelik Bank)coreChannel Partner/ Reseller/ DistributorID Bank (formerly Anelik Bank) locations in Armenia provide Moneytun remittance services to customers.
• Fast BankminorChannel Partner/ Reseller/ DistributorFast Bank locations listed as Moneytun service points in Armenia.
• Evoca BankminorChannel Partner/ Reseller/ DistributorEvoca Bank locations listed as Moneytun service points in Armenia.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Remitly: Digital-first consumer remittance company serving diaspora corridors from the US to Latin America, Africa, Asia, and parts of Europe. Directly comparable to Moneytun in serving cross-border consumer P2P transfers, though broader in corridor coverage and digital scale.
• Ria Money Transfer: Consumer-focused cross-border remittance brand owned by Euronet Worldwide with strong agent network across Latin America, Africa, and Europe. Compares to Moneytun as a network-driven remittance specialist, though larger and more diversified by corridor.
• Small World Money Transfer: Europe-anchored remittance specialist with strong Armenian, Georgian, and CIS diaspora corridors. Closely comparable to Moneytun in corridor specialization, especially for Armenian and CIS remittances, though anchored in Europe rather than the US.
• Wise (TransferWise): Global consumer and SMB cross-border payments platform built around mid-market FX and multi-currency accounts. Comparable to Moneytun in cross-border money movement from the US, but operates at much larger scale with a digital-only model.
• WorldRemit (Sendwave): Digital remittance platform serving diaspora corridors from the US, UK, and EU to emerging markets including parts of Eastern Europe. Comparable to Moneytun in serving diaspora-to-CIS and digital-led transfers.

Broad incumbents

• MoneyGram: Global remittance and bill payment incumbent with deep agent network across the US and CIS regions. Overlaps with Moneytun in US-to-Armenia and US-to-CIS consumer transfers, but serves a far broader set of corridors.
• Western Union: Largest incumbent global money transfer operator with the broadest agent network, US-licensed in all states, and presence in nearly every receiving country. Directly competes with Moneytun in consumer remittances to Armenia and CIS, but as a broad incumbent rather than a niche specialist.
• Xoom (PayPal): PayPal-owned consumer remittance service for sending money to Latin America, Asia, Africa, and parts of Eastern Europe. Overlaps with Moneytun in cross-border consumer transfers, but as a digital incumbent under a much larger parent.

Emerging players

• WireBarley: Asia-Pacific-focused digital remittance platform with growing presence in CIS and select European corridors. Comparable to Moneytun as an emerging app-based remittance player targeting diaspora segments.

Regional players

• Sigue: US-licensed money transmitter with strong presence in Hispanic and Latin American corridors and cash-pickup agent network. Comparable to Moneytun as a US-licensed, agent-network-based remittance operator, though focused on Latin America rather than CIS.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/moneytun
• Instagraminstagram.com/moneytun_armenia
• LinkedInlinkedin.com/company/moneytun-llc

Compliance4 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 Moneytun