Remitano
Remitano is a peer-to-peer cryptocurrency exchange platform serving individual retail users across 50+ countries, enabling buying, selling, and trading of 30+ cryptocurrencies against 7+ fiat currencies with emphasis on emerging markets in Africa and Southeast Asia.
- Company typePrivate
- Founded2014
- HeadquartersVictoria, Seychelles
- Headcount1–10
- GTM typeB2C
- OfferingDigital Commerce or Content
What Remitano does
Remitano is a peer-to-peer cryptocurrency exchange platform that enables individual retail users in 50+ countries to buy, sell, and trade 30+ cryptocurrencies (BTC, ETH, USDT, BCH, LTC, XRP, BNB, among others) against 7-9 fiat currency rails including AUD, USD, ZAR, NGN, KES, TZS, VND, GHS, and MYR. Founded in 2014 and operated by Singapore-domiciled Babylon Solutions Limited, the platform is concentrated in emerging markets — particularly Africa (Nigeria, South Africa, Kenya, Ghana, Tanzania) and Southeast Asia (Vietnam, Malaysia), with 9M+ reported African active users and 15M+ global active users. The platform's user base skews to retail individuals and small merchants seeking alternatives to traditional banking for crypto access, cross-border remittances, and gift card conversion.
The platform architecture combines a P2P order matching engine, a multi-currency digital wallet supporting both cryptocurrencies and fiat balances, and an escrow system for dispute-protected peer-to-peer transactions. Additional product modules include an instant Swap feature for crypto-to-crypto and crypto-to-fiat conversion, Margin Lending for users to borrow/lend digital assets, a Quick Buy/Sell flow, a real-time Convert/Calculator tool, and Remitano Lite — a Telegram bot for lightweight crypto discovery. Distribution is multi-surface: web platform with localized country domains, native iOS and Android apps (16,276 App Store reviews, 42,700 Google Play reviews), Huawei AppGallery, and the Telegram bot. Security posture includes CCSS Level 1 Full System Security Certification (Cert ID: 9.0-CCSS.00003) audited by Hacken, a public Bug Bounty program launched in 2023, and AUSTRAC/ASIC compliance references for the Australian market.
Remitano's business model is a transaction-fee exchange with the strategic twist that core P2P trades are advertised as zero-fee to drive liquidity and user acquisition. Monetized flows include swap conversion fees, margin lending spreads, and select fiat deposit/withdrawal fees (with AUD, NGN, and ZAR rails advertised as free). The go-to-market is product-led growth combined with community-led engagement: VIP Maker and Verified Maker reputation tiers, Point Power-Up loyalty (2024), Loyalty Cup competitions, referral programs, and the Remitano Captain community-advocate program. Customer concentration is a long-tail of retail users rather than enterprise accounts, and the company has operated without disclosed venture or growth-equity funding, suggesting a bootstrapped or internally financed model.
Remitano firmographics
Firmographics- Name
- Remitano
- Legal name
- Babylon Solutions Limited
- Website
- https://remitano.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Remitano is a peer-to-peer cryptocurrency exchange platform serving individual retail users across 50+ countries, enabling buying, selling, and trading of 30+ cryptocurrencies against 7+ fiat currencies with emphasis on emerging markets in Africa and Southeast Asia.
- Ownership category
- akta.pro rank
Remitano industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
Keywords
Where Remitano is headquartered
LocationHeadquarters
- HQ city
- Victoria
- HQ country
- Seychelles
Offices1 record
Markets served
Remitano business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
Revenue model
- P2P Trading Fees: Platform charges fees for P2P trading services. Fees may vary by transaction type and payment method. Zero fees advertised for some P2P trades.
- Swap Trading Fees: Fees charged for instant cryptocurrency conversion/swap transactions between supported crypto and fiat pairs.
- Margin Lending: Revenue generated from margin lending services allowing users to borrow/lend Digital Assets to earn rewards.
- Fiat Deposit and Withdrawal: Remitano states no AUD deposit/withdrawal fees, but may incur small bank fees in some cases. Free NGN and ZAR deposits and withdrawals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | P2P Trading - Zero Fee |
| Transaction based/ take rate | Pay-as-you-go | Swap Trading |
| Transaction based/ take rate | Pay-as-you-go | Fiat Deposit/Withdrawal - Free |
| Usage-based | Pay-as-you-go | Margin Lending |
| Other | Pay-as-you-go | Daily Withdrawal Limit |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Remitano product offering
Product offeringCore offering
Remitano operates a peer-to-peer cryptocurrency exchange platform where individual users can buy, sell, swap, and store 30+ digital assets using 7 fiat currencies (AUD, USD, ZAR, NGN, VND, KES, GHS, MYR, TZS). The service combines an automated order-matching engine, a multi-currency digital wallet, and an escrow-secured P2P marketplace that enables direct trading between users across 50+ countries.
Product overview
Remitano is a cryptocurrency exchange platform offering a unified ecosystem of trading products. The core offering centers on P2P Trading for peer-to-peer cryptocurrency transactions with zero fees, supplemented by the Swap feature for instant crypto-to-crypto conversions and a Digital Wallet for storing both crypto and fiat assets. Additional services include Margin Lending for earning returns, Quick Buy/Sell for streamlined transactions, and Convert/Calculator for real-time price conversions across 9+ fiat currencies. The platform supports 30+ cryptocurrencies and operates across 50+ countries with 24/7 customer support, accessible via web, mobile apps (iOS/Android), and Telegram (Remitano Lite).
Differentiator
Problem solved
Functional benefit
Products and services
- P2P Trading Peer-to-peer marketplace that connects individual buyers and sellers to exchange cryptocurrencies directly using multiple payment methods (bank transfer, gift cards, USD) with escrow protection and zero trading fees.
- Swap (Instant Conversion) Instant cryptocurrency conversion feature enabling users to swap between different digital assets (e.g., BTC to USDT) at market or user-specified prices.
- Digital Wallet Multi-currency wallet supporting both cryptocurrency and fiat assets, allowing users to store, send, and receive digital assets with secure private key storage using online and offline combinations.
- Quick Buy/Sell Streamlined feature for purchasing or selling cryptocurrencies quickly using various payment methods and supported fiat currencies.
- Margin Lending Lending service allowing users to borrow or lend digital assets to other users on the platform and earn rewards on their holdings.
- Convert/Calculator Real-time cryptocurrency price conversion tool supporting multiple fiat currencies (AUD, USD, ZAR, NGN, VND, KES, GHS, MYR, TZS) with live market rates.
- Remitano Lite (Telegram Bot) Lightweight crypto discovery and trading bot accessible through Telegram messenger, enabling users to find crypto trading opportunities and earn tokens.
- Remitano Mobile App iOS and Android mobile applications providing access to P2P trading, swap, wallet, and margin lending features with 24/7 support.
Quantifiable outcome
- $3 Billion trading volume achieved in first 3 years of operation
- +4 more outcomes
Companies that use Remitano
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Remitano technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature8 records
Remitano partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CryptoConsortiumcoreConducts CCSS (Cryptocurrency Security Standard) audits and certifications. Remitano holds CCSS Level 1 Full System Security Certification (Cert ID: 9.0-CCSS.00003).
- HackencoreCybersecurity auditor for cryptocurrency exchanges. Provides CCSS Level 1 Full System Security Certification audit services.
Scale indicators14 records
Recent moves7 records
Expansion highlights5 records
Remitano competitors and assessment
Company assessmentDirect peers
- Binance P2P: Binance's P2P marketplace offers direct peer-to-peer crypto trading with fiat rails across 100+ payment methods and dozens of countries, including Nigeria, Vietnam, and South Africa — directly overlapping with Remitano's core offering and emerging-market footprint.
- Paxful: Paxful was one of the most comparable P2P crypto exchanges to Remitano, with similar gift-card payment acceptance and emerging-market focus. It is included as a historical reference peer given its prior direct overlap.
- OKX P2P: OKX operates a P2P trading platform with extensive fiat support and is a top-tier direct competitor to Remitano in cross-border crypto trading, particularly across Asia and Africa.
- HTX (Huobi) P2P: HTX (formerly Huobi) runs a P2P OTC marketplace serving Asian and emerging-market users with fiat rails and escrow protection, overlapping directly with Remitano's P2P trading product.
- Bybit P2P: Bybit's P2P trading marketplace competes directly with Remitano, offering peer-to-peer fiat-to-crypto trades across emerging markets with similar merchant verification and escrow mechanics.
Emerging players
- Yellow Card: Yellow Card is an African crypto on/off-ramp and exchange serving Nigeria, South Africa, Kenya, and Ghana, overlapping with Remitano's fiat-to-crypto and cross-border remittance flows in Africa.
- Bitnob: Bitnob provides Bitcoin-based remittance and savings products across Africa, targeting the same cross-border and emerging-market crypto user base as Remitano with overlapping fiat on/off-ramp functionality.
- Luno: Luno is an emerging-market-focused crypto exchange and wallet with strong presence in Nigeria, South Africa, and Malaysia, directly competing for the same retail user base as Remitano.
Broad incumbents
- KuCoin: KuCoin is a global crypto exchange with P2P, spot, and derivatives products. It overlaps with Remitano on crypto trading, wallet, and emerging-market fiat rails, but at broader scale.
- Coinbase: Coinbase is a regulated global crypto exchange and brokerage with broad retail and institutional offerings, including fiat on/off-ramps that compete with Remitano's wallet and P2P flows at higher scale and trust.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Remitano social profiles
Digital presenceRemitano compliance and trust
Trust signalCompliance1 record
Remitano financial estimates
Financial estimateRevenue estimate
Valuation estimate
Remitano leadership team
Management profileNumber of profiles
Remitano funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Remitano M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Remitano
What does Remitano do?
Remitano operates a peer-to-peer cryptocurrency exchange platform where individual users can buy, sell, swap, and store 30+ digital assets using 7 fiat currencies (AUD, USD, ZAR, NGN, VND, KES, GHS, MYR, TZS). The service combines an automated order-matching engine, a multi-currency digital wallet, and an escrow-secured P2P marketplace that enables direct trading between users across 50+ countries.
Is Remitano a public or private company?
Remitano is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Remitano founded?
Remitano was founded in 2014. It employs 1 to 10 people.
Where is Remitano based?
Remitano is headquartered in Victoria, Seychelles.
How does Remitano make money?
Four revenue lines are on record. P2P Trading Fees are the primary driver. The others are swap Trading Fees, margin Lending and fiat Deposit and Withdrawal.
Who are Remitano's main competitors?
Direct peers on record are Binance P2P, Paxful, OKX P2P, HTX (Huobi) P2P and Bybit P2P. Emerging players are Yellow Card, Bitnob and Luno. Broad incumbents are KuCoin and Coinbase.
Does Remitano have an API?
Yes. Remitano offers an API Reference for developers, though specific API capabilities are not detailed in the available source material. Developer documentation is at developers.remitano.com.
What industry is Remitano in?
Remitano's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 5231 and its SIC code is 6200.