Transfree
- Company typePrivate
- Founded2019
- HeadquartersJakarta, Indonesia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Transfree firmographics
Firmographics- Name
- Transfree
- Legal name
- PT Pelita Transfer Nusantara
- Website
- https://transfree.id
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Transfree industry classification
Industry- Product category
- Cross-border Remittance Services
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industries
- Consumer Remittances (P2P) (FSAMAIAA), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where Transfree is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices2 records
Markets served
Transfree business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Transaction Fees: Transfree charges zero transfer fees for transactions above IDR 10,000,000. For smaller transactions, fees may apply. Revenue is generated through foreign exchange margins built into the exchange rate rather than explicit fees.
- Foreign Exchange Margin: Revenue is generated through the spread between the interbank exchange rate and the rate offered to customers. Competitive exchange rates are advertised as a key value proposition.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Transfer - Zero Fee Tier |
| Unit Pricing | Pay-as-you-go | Transfer Amount Limit |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Transfree product offering
Product offeringCore offering
Transfree is a licensed Indonesian remittance company (PT Pelita Transfer Nusantara) that provides cross-border money transfer services from Indonesia to 50+ active destination countries via a mobile-first platform (iOS/Android) and web portal. It serves individual remitters with self-serve sign-up, identity verification, and transfers settled in local currency within 24 hours, and serves businesses through a sales-led cross-border payments offering with transaction tracking and same-day/next-day delivery.
Product overview
Transfree is a licensed Indonesian remittance company (PT Pelita Transfer Nusantara) operating as a unified international money transfer platform. The product portfolio consists of Transfree (Personal) for individual users and Transfree Business for enterprise clients, both accessible via iOS and Android mobile applications. The service enables cross-border money transfers from Indonesia to 50+ countries across Asia Pacific, Africa, America, and Europe, with a reported customer base exceeding 100,000 users and coverage of 124 destination countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Transfree (Personal) International money transfer service enabling individual users in Indonesia to send money abroad to over 50 destination countries. Features zero transfer fees for transactions above IDR 10,000,000, competitive FX rates with no hidden costs, and 24-hour recipient delivery.
- Transfree Business Business cross-border money transfer solution for small, medium, and large Indonesian businesses, offering same-day or next-working-day transfers, transaction tracking, competitive exchange rates, and no integration requirements.
- Transfree Mobile App Mobile applications for iOS (App Store) and Android (Google Play) platforms that allow users to sign up, verify their account, enter transfer amounts, select recipients, and initiate international money transfers on the go.
Companies that use Transfree
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
Transfree technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Transfree partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Transfree competitors and assessment
Company assessmentRegional players
- Xendit: Xendit is a leading Indonesian payments infrastructure platform serving businesses across Southeast Asia. It is comparable as a domestic Indonesian fintech with cross-border ambition, though focused on payments rails rather than consumer remittance.
- Flip: Flip is an Indonesian fintech offering cross-border and domestic money transfer services for individuals and businesses. It is a regional peer directly competing for the same Indonesian SMB and consumer remittance users.
Direct peers
- Wise: Wise (formerly TransferWise) is a global consumer-focused P2P international money transfer platform. It is the most directly comparable peer — explicitly cited by a Transfree customer as the benchmark ('better rate than Transferwise') — and competes head-to-head in the Indonesia outbound corridor.
- WorldRemit: WorldRemit provides international money transfers to diaspora customers primarily via mobile channels. It competes in many of the same Indonesia-to-Africa, Europe, and Asia Pacific corridors that Transfree serves.
- Remitly: Remitly is a digital remittance company focused on consumer cross-border transfers to emerging-market corridors. It directly competes with Transfree for Indonesian diaspora users sending money abroad, with similar mobile-first self-serve GTM.
- TransferGo: TransferGo is a UK-based digital cross-border money transfer platform targeting migrant workers and diaspora. Comparable mobile-first P2P model, though with primary origin markets in Europe rather than Southeast Asia.
Broad incumbents
- Western Union: Western Union is the largest incumbent in global consumer money transfer, with cash-pickup and account-deposit rails in nearly every country. It is the legacy incumbent whose pricing and trust Transfree's value proposition implicitly attacks.
- Xoom (PayPal): Xoom is PayPal's cross-border money transfer service for consumers and small businesses, supporting send-money-to-bank/wallet/cash pickup across many of the same countries Transfree covers. It competes directly with Transfree's Indonesian user base.
- OFX: OFX is a global foreign exchange and international payments provider for consumers and businesses. Comparable in cross-border FX-led revenue model and multi-currency transfer capabilities, though typically serving larger ticket sizes than Transfree.
- MoneyGram: MoneyGram is a long-standing global money transfer incumbent with broad retail and digital channels. It competes with Transfree in the same Indonesia outbound corridors, particularly for cash-pickup-to-bank delivery flows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Transfree social profiles
Digital presenceTransfree compliance and trust
Trust signalCompliance3 records
Transfree financial estimates
Financial estimateRevenue estimate
Valuation estimate
Transfree leadership team
Management profileNumber of profiles
Transfree funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Transfree 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 Transfree
What does Transfree do?
Transfree is a licensed Indonesian remittance company (PT Pelita Transfer Nusantara) that provides cross-border money transfer services from Indonesia to 50+ active destination countries via a mobile-first platform (iOS/Android) and web portal. It serves individual remitters with self-serve sign-up, identity verification, and transfers settled in local currency within 24 hours, and serves businesses through a sales-led cross-border payments offering with transaction tracking and same-day/next-day delivery.
Is Transfree a public or private company?
Transfree is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Transfree founded?
Transfree was founded in 2019. It employs 11 to 50 people.
Where is Transfree based?
Transfree is headquartered in Jakarta, Indonesia, in the Asia region.
How does Transfree make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are foreign Exchange Margin.
Who are Transfree's main competitors?
Regional players on record are Xendit and Flip. Direct peers are Wise, WorldRemit, Remitly and TransferGo. Broad incumbents are Western Union, Xoom (PayPal), OFX and MoneyGram.
Does Transfree have an API?
No public API is recorded for Transfree.
What industry is Transfree in?
Transfree's product category is Cross-border Remittance Services. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAMAIAA, Consumer Remittances (P2P).