KMB
KMB is a UK-regulated money transfer service enabling diaspora customers in the United Kingdom to send remittances to Bangladesh and India via web, iOS/Android apps, and a physical agent network. The company generates revenue from per-transaction fees and foreign exchange spreads.
- Company typePrivate
- Founded2006
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2C
- OfferingServices
What KMB does
KMB (legally K.M.B. International Money Transfer Limited) is a UK-based cross-border money transfer service founded in 2006 that enables individual customers in the United Kingdom to send remittances to Bangladesh and India. The company is registered and operates as an Authorised Payment Institution under the Financial Conduct Authority (FRN 560812) and is registered with HMRC under MLR number XPML00000107107 for anti-money laundering compliance. It explicitly does not accept business customers, positioning itself as a pure retail remittance provider for the UK Bangladeshi and Indian diaspora.
The platform is delivered through three distribution surfaces: a web-based portal at online.kmbmoney.co.uk, native iOS and Android applications (com.kmbmoney and id 1486151356), and a network of 16+ physical agent locations across UK cities. Core technical features include 2-step login, biometric authentication on mobile, real-time currency alerts, push-notification transfer tracking, and KYC verification integrating Google and Facebook SSO alongside credit reference agency checks. Funds are held in segregated client accounts at leading UK banks, and delivery is supported through Visa/Mastercard card rails plus direct bank and cash pick-up partnerships in Bangladesh. Card payments are capped at £5,000 per transaction with average transfer times of around three days for bank-funded transfers and minutes for card-funded transfers.
KMB monetizes through two streams: explicit per-transaction transfer fees (which depend on corridor, delivery method, and payment method) and the foreign exchange spread embedded between the rate at which it buys currency and the customer-quoted rate. The company markets a 70% cost saving versus traditional banks and conventional remittance operators. It competes within a tightly regulated UK payments market alongside digital-first remittance players, traditional bank wire services, and informal channels; its differentiator is the hybrid digital-plus-physical channel mix and 18-year operating history within its two named corridors. No funding rounds, M&A activity, or institutional investment are disclosed in the available source materials, indicating a bootstrapped, founder/management-owned operating structure.
KMB firmographics
Firmographics- Name
- KMB
- Legal name
- K.M.B. International Money Transfer Limited
- Website
- https://kmbmoney.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- KMB is a UK-regulated money transfer service enabling diaspora customers in the United Kingdom to send remittances to Bangladesh and India via web, iOS/Android apps, and a physical agent network. The company generates revenue from per-transaction fees and foreign exchange spreads.
- Ownership category
- akta.pro rank
KMB industry classification
Industry- Product category
- International Money Transfer / Remittance Services
- akta.pro primary industry
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
- akta.pro secondary industry
- Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where KMB is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
KMB business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Money Transfer Fees: Transaction fees charged per transfer based on destination country, delivery method, and payment type. Fees are quoted upfront before confirmation. Maximum card payment limit of £5,000 per transaction.
- FX Spread: Foreign exchange spread applied when converting currencies - the difference between the exchange rate KMB buys currency at and the rate provided to customers, covering costs plus a small margin.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transfer fee varies by destination and method |
| Transaction based/ take rate | Pay-as-you-go | Card payment maximum limit |
| Transaction based/ take rate | Pay-as-you-go | Refund fee |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
KMB product offering
Product offeringCore offering
KMB provides international money transfer services from the United Kingdom to Bangladesh and India through a web-based online platform (online.kmbmoney.co.uk), a mobile application available on iOS and Android, and a UK-wide agent network of approximately 16 physical locations. Customers can fund transfers via debit/credit card (up to £5,000 per transaction) or bank transfer, and recipients can receive funds either as direct bank deposits in local currency or as cash pick-up at thousands of bank agent locations in Bangladesh.
Product overview
KMB offers a unified money transfer platform consisting of a web-based online portal and a mobile app for iOS and Android. The core service enables users to send money to Bangladesh and India via two delivery methods: Direct to Bank transfers and Cash Pick-up from agent locations across the UK. The platform provides real-time currency exchange rates, fee transparency upfront, and 24/7 account management capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- KMB Money Online Transfer Platform Web-based self-service platform (online.kmbmoney.co.uk) that lets individual customers in the UK register, get real-time exchange rate quotes, view fees upfront, fund transfers via debit/credit card (up to £5,000) or bank transfer, and track transfer status 24/7.
- KMB Money App Native mobile application available on iOS (App Store id1486151356) and Android (Google Play com.kmbmoney) that allows users to send money, receive instant push notifications on transfer status, monitor exchange rates with real-time currency alerts, and authenticate via biometric security.
- Direct to Bank Transfer A delivery method that delivers funds directly into the recipient's bank account in local currency (BDT or INR), selected during the transfer setup.
- Cash Pick-up Service Delivery method that allows the recipient to collect cash from banks across thousands of locations in Bangladesh, used when the recipient does not hold a bank account.
Quantifiable outcome
- 70% savings compared to banks and traditional money transfer providers
- +2 more outcomes
Companies that use KMB
Customer profileSegments2 records
Ideal customer profiles1 record
KMB technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
KMB partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- UK Banks (Segregated Client Accounts)coreAll client funds are kept under segregated client account held with leading banks in United Kingdom, ensuring customer funds protection.
- MastercardcoreMastercard accepted as payment method for money transfers. Cards are accepted for both online and mobile app transactions.
- VisacoreVisa cards accepted as payment method for money transfers through online platform and mobile application.
- Banking Partners in BangladeshcoreCash pick-up service available through banks over thousands of locations in Bangladesh. Direct bank transfers delivered to recipients' bank accounts in local currency.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
KMB competitors and assessment
Company assessmentDirect peers
- Paysend: UK-headquartered digital remittance fintech serving cards-to-cards transfers globally including Bangladesh and India. Competes with KMB on transparent fees, digital onboarding, and diaspora remittance customers.
- Small World Financial Services: UK-based remittance specialist historically focused on South Asian corridors from the UK. Closely comparable niche remittance operator with similar diaspora segment, FCA-regulated status, and physical branch support.
- Remitly: US-headquartered digital remittance company operating actively in the UK→Bangladesh and UK→India corridors. Competes head-to-head with KMB for the same diaspora customer base with a mobile-first, transparent-fee proposition.
- WorldRemit: UK-founded digital remittance platform serving 130+ countries including Bangladesh and India. A direct competitor on UK outbound corridors, with similar mobile-app-led customer experience and bank-deposit / cash-pickup delivery options.
- Wise: UK-headquartered cross-border payments fintech offering multi-currency transfers from the UK to South Asia and globally. Directly competes with KMB on UK diaspora remittance corridors with a digital-only product and similar FCA authorisation.
- Lebara Money (Lyca Money): Diaspora-focused UK money transfer brand serving South Asian communities from the UK. Closely comparable on niche diaspora positioning, FCA-regulated status, and emphasis on low-cost transfers to Bangladesh and India.
Broad incumbents
- Revolut: UK-based neobank with growing cross-border transfer and remittance features covering South Asia. Adjacent competitor as Revolut adds remittance functionality to its multi-currency account base, putting pressure on KMB's digital diaspora segment.
- Western Union: Global incumbent in cross-border money transfer with extensive UK agent network and Bangladesh/India payout coverage. Overlaps with KMB on core corridors and cash pick-up but operates at vastly broader scale with a wider product portfolio.
- MoneyGram: Global money transfer operator with established UK presence and direct-to-bank and cash-pickup services into Bangladesh and India. Comparable on corridor coverage and delivery methods, but at materially larger scale.
- Ria Money Transfer: Global remittance provider (part of Euronet Worldwide) with extensive UK outbound services to Bangladesh and India via agent and digital channels. Overlaps with KMB on corridor and delivery-method mix but at much larger global scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
KMB social profiles
Digital presenceKMB compliance and trust
Trust signalCompliance5 records
KMB financial estimates
Financial estimateRevenue estimate
Valuation estimate
KMB leadership team
Management profileNumber of profiles
KMB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KMB 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 KMB
What does KMB do?
KMB provides international money transfer services from the United Kingdom to Bangladesh and India through a web-based online platform (online.kmbmoney.co.uk), a mobile application available on iOS and Android, and a UK-wide agent network of approximately 16 physical locations. Customers can fund transfers via debit/credit card (up to £5,000 per transaction) or bank transfer, and recipients can receive funds either as direct bank deposits in local currency or as cash pick-up at thousands of bank agent locations in Bangladesh.
Is KMB a public or private company?
KMB is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was KMB founded?
KMB was founded in 2006. It employs 1 to 10 people.
Where is KMB based?
KMB is headquartered in London, United Kingdom, in the Europe region.
How does KMB make money?
Two revenue lines are on record. Money Transfer Fees are the primary driver. The others are FX Spread.
Who are KMB's main competitors?
Direct peers on record are Paysend, Small World Financial Services, Remitly, WorldRemit, Wise and Lebara Money (Lyca Money). Broad incumbents are Revolut, Western Union, MoneyGram and Ria Money Transfer.
Does KMB have an API?
No public API is recorded for KMB.
What industry is KMB in?
KMB's product category is International Money Transfer / Remittance Services. Its primary akta.pro industry code is THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance), with a secondary code of FSAMAFAC, Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant).