XE.com Inc.

What XE.com Inc. does

XE.com Inc. operates as the international money transfer and currency data subsidiary of Euronet Worldwide (NASDAQ: EEFT), a Fortune 500 payments company with a $3B+ market capitalization. The company's primary operating entity is Xe Corporation Inc., and it has been providing currency exchange information and cross-border money transfer services since 1995. Xe operates a three-pronged product platform: a consumer-facing international money transfer service sending funds to 190+ countries in 130+ currencies; a business platform (Xe Business) used by 17,000+ companies for multi-currency accounts, batch payments, FX risk management (forward contracts, limit orders), and global payroll; and a developer-facing Currency Data API (XECD) used by 3,000+ companies including Shopify, Xero, Microsoft Dynamics 365, Sage Intacct, SAP, and Oracle.

The underlying technology is a proprietary rate blending engine ingesting quotes from 100+ financial data providers and central banks, refreshing rates as often as every 60 seconds, with SDKs for Java, NodeJS, PHP, and Python and embedded ERP integrations. Distribution is multi-channel: a self-serve website and mobile app (113M+ downloads, 4.8/5 across 498k+ app reviews), direct enterprise sales for business accounts, an API for developer/enterprise customers, and a payout network of 500,000+ cash pickup locations plus mobile wallet delivery in 35+ countries.

The business model combines three revenue streams: transaction fees and FX spreads on consumer transfers ($0 ACH, $5 debit card, $30 credit card); subscriptions on the Currency Data API ($799–$4,499/year across Lite, Intermediate, and Prime tiers, plus custom Enterprise); and FX-spread and transaction revenue on multi-currency business accounts. Customer segments span individual consumers (280M+ people), corporate customers (17,000+ businesses moving $17B+ annually), and developers (3,000+ API customers), with Xe having processed over $115 billion in cumulative global transfers.

Name

XE.com Inc.

Legal name

Xe Corporation Inc.

Website

https://xe.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

XE.com Inc. is a Euronet Worldwide subsidiary providing international money transfers and currency data services to 280+ million consumers, 17,000+ businesses, and 3,000+ API customers across 190+ countries and 220+ currencies.

Ownership category

akta.pro rank

Product category

International Money Transfer & Currency Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-border Payments & FX for E-commerce (CRAFALAF), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

Keywords

• International money transfers
• Currency exchange services
• Foreign exchange data API
• Multi-currency business accounts
• FX risk management

Headquarters

HQ city

Newmarket

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Consumer Money Transfers: Xe charges transaction fees on international money transfers. Direct debit (ACH) transfers have no fee, while debit card transfers cost $5 and credit card transfers cost $30. The primary revenue comes from the spread between the mid-market rate and the rate offered to customers.
2. XE Currency Data API Subscriptions: Subscription-based pricing tiers for business customers accessing commercial-grade exchange rate data. Plans range from Lite ($799/year for 10,000 requests) to Prime ($4,499/year for 150,000 requests) to Enterprise (custom unlimited).
3. Business Account Services: Multi-currency business accounts with no setup or monthly fees, generating revenue through favorable exchange rate spreads and transaction fees on international business payments.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Xe operates an international money transfer and currency services platform that lets consumers send money to 190+ countries in 130+ currencies with bank-beating rates, while businesses use Xe Business for multi-currency accounts and FX risk management, and developers integrate the XE Currency Data API and Xe Payments API for commercial-grade exchange rate data and embedded payment capabilities. The platform is delivered through a self-serve website, mobile apps, enterprise sales, and API distribution, with revenue generated from transaction fees, FX spreads, and tiered API subscriptions.

Product overview

XE.com Inc. offers a multi-product platform for international money transfers and currency services. The core offering consists of Xe International Money Transfers (consumer-facing money transfer service) and Xe Business (enterprise payment platform with multi-currency accounts, batch payments, and FX risk management). Supporting these are the Xe Currency Data API and Xe Payments API (developer/enterprise APIs), plus consumer tools including Xe Rate Alerts, Xe IBAN Calculator, Xe Currency Charts, Xe Historical Currency Rates, and Xe Currency Converter. The Xe Mobile App (iOS/Android) delivers all services on mobile. Xe Business products include Spot Transfers, Same Currency Transfer, Forward Contracts, Limit Orders, and payroll services. The company is part of Euronet Worldwide (NASDAQ: EEFT) and processes over $115 billion in global transfers.

Differentiator

Problem solved

Functional benefit

Brands

• XECD (Xe Currency Data API): Commercial-grade currency exchange rate API providing real-time, accurate, and reliable data for 220+ world currencies to businesses worldwide
• Xe Business
• Xe Platform

Products and services

• Xe International Money Transfers Consumer-facing international money transfer service enabling individuals to send money to 190+ countries worldwide in 130+ currencies with competitive exchange rates, low fees, and multiple payment methods including direct debit (ACH), wire transfer, and debit or credit card. Pricing is transaction-based with $0 direct debit, $5 debit card, and $30 credit card fees, with revenue generated from FX spreads.
• Xe Business Business platform offering multi-currency accounts with no setup or monthly fees, batch payments, FX risk management tools (forward contracts, limit orders, spot transfers, and same-currency transfers), and global payments to 190+ countries in 145+ currencies. Targets 17,000+ businesses moving $17B+ annually, with dedicated account managers and 24/7 FX specialist access.
• XE Currency Data API (XECD) Developer-facing API providing real-time exchange rate data for 220+ world currencies, precious metals, and selected cryptocurrencies, sourced from over 100 global financial data providers and central banks. Features historical rates, monthly averages, currency volatility, time-frame queries, customizable margin and pricing features, and central bank rates, with SDKs for Java, Node.js, PHP, and Python. Subscription tiers range from Lite ($799/year, 10,000 requests/month) to Enterprise (custom unlimited, multi-year contract).
• Xe Payments API API enabling businesses to embed global payments directly into their platforms, supporting supplier and staff payments across borders with built-in validation and compliance checks. Distribution channel for businesses such as NVIDIA, Hyatt, Navan, and GPay that integrate Xe platform services into their operations.
• Xe Embedded ERP Solutions Integrated ERP payment solutions that connect Xe's global payment services and currency data to enterprise resource planning platforms, bringing payments, workflows, and reporting into one unified system for accounts payable automation. Customers include enterprises on Microsoft Dynamics 365 and Sage Intacct.

Quantifiable outcome

• 90%+ of transfers arrive in minutes
• +7 more outcomes

Named customers10 records

Segments9 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• ShopifycoreTechnology or IntegrationShopify uses XE Currency Data API for currency conversion functionality on their e-commerce platform, enabling merchants to display prices and process transactions in multiple currencies.
• XerocoreTechnology or IntegrationXero integrates XE Currency Data API for currency conversion features within their accounting software, helping businesses manage multi-currency transactions.
• Microsoft Dynamics 365coreTechnology or IntegrationXe provides embedded payment solutions integrated with Microsoft Dynamics 365 ERP, enabling users to access global payments directly within their existing financial systems with no file exports or external portals.
• Sage IntacctcoreTechnology or IntegrationXe integrates seamlessly with Sage Intacct, providing embedded global payments access within the accounting platform for streamlined accounts payable and financial workflows.
• SAPcoreTechnology or IntegrationSAP integrates with XE Currency Data API for enterprise currency data needs, supporting accurate exchange rate information across SAP systems.
• OraclecoreTechnology or IntegrationOracle integrates XE Currency Data API for enterprise currency data needs, providing accurate exchange rate information within Oracle systems.
• NVIDIAminorOthersNVIDIA uses Xe platform services for global payments.
• HyattminorOthersHyatt uses Xe platform for global payments operations.
• NavanminorOthersNavan uses Xe platform for travel expense payments and management.
• GPayminorOthersGPay uses Xe platform for payment services.
• Cash Pickup Network PartnerscoreChannel Partner/ Reseller/ DistributorPartnership with 500,000+ cash pickup locations worldwide including Bpost (Belgium), Poste du Benin, CartaSur SA, Magui Express, and other regional providers for cash collection services.
• Mobile Wallet ProviderscoreChannel Partner/ Reseller/ DistributorPartnership with mobile wallet providers including bKash and Rocket (Bangladesh), MTN MoMo (Benin), and other regional providers enabling instant mobile wallet transfers in 35+ countries.

Scale indicators17 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• MoneyGram International: MoneyGram is an established global money transfer incumbent with both digital and agent-based services competing across Xe's consumer and business segments. It is a broad incumbent pivoting toward digital channels.
• Western Union Company: Western Union is a legacy global money transfer incumbent with an extensive 500,000+ agent network competing across all of Xe's segments including consumer remittance, business payments, and digital services. It is a broad incumbent rather than a digital-native specialist.
• PayPal (Xoom): PayPal operates the Xoom cross-border payments service within its broader digital wallet ecosystem, competing with Xe across consumer remittance corridors. It is a broad incumbent leveraging PayPal's global brand and user base.
• Stripe, Inc. Stripe is a broad payments incumbent offering embedded financial services including Stripe Treasury and currency conversion APIs that increasingly compete with Xe's B2B API and embedded ERP integration offerings for enterprise and platform customers.

Direct peers

• Remitly Global, Inc. Remitly is a digital remittance competitor targeting similar immigrant corridors and consumer segments as Xe, with mobile-first international money transfers to 170+ countries. Both companies operate at comparable scale with similar product positioning.
• Wise plc: Wise (formerly TransferWise) is the most direct competitor to Xe, offering cross-border money transfers, multi-currency accounts, and a Currency Data API to consumers, businesses, and platforms. Both companies compete head-to-head on FX rates, fees, and business payment solutions globally.
• CurrencyFair: CurrencyFair is a peer-to-peer currency exchange and international money transfer service targeting businesses and individuals, competing directly with Xe on FX rates and cross-border payment corridors.
• WorldRemit: WorldRemit is a digital remittance platform serving similar emerging market corridors with mobile wallet and cash pickup delivery options that mirror Xe's distribution strategy. Both target diaspora populations sending money home.
• OFX Group: OFX is a direct competitor in cross-border payments and currency services focused on businesses and high-net-worth individuals, offering similar spot transfers, forward contracts, and multi-currency account services that compete with Xe Business.

Emerging players

• Revolut Ltd: Revolut is a multi-currency consumer and SMB neobank with growing money transfer features and competitive FX rates. While it offers broader financial services, its cross-border payments increasingly compete with Xe's consumer and SMB offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/xe
• LinkedInlinkedin.com/company/xecurrencyauthority
• Facebookfacebook.com/xecom

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

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 XE.com Inc.