TransferTo

What TransferTo does

TransferTo is a Singapore-headquartered global B2B fintech infrastructure group specializing in payments, value transfers, and financial services for emerging markets. Founded in 2003 and operating under the legal entity TransferTo Investments Pte Ltd, the company runs a portfolio of wholly-owned operating subsidiaries: Thunes (cross-border payments), DT One (mobile top-up and data solutions), Ezra (micro-lending and BNPL), Tookitaki (AML compliance technology), and Open-D (data analytics). TransferTo serves enterprise clients across banks and financial institutions, mobile operators, digital wallets and super apps, PSPs and fintechs, and marketplaces and merchants — with flagship anchor relationships such as the November 2024 MOU with Ecobank Group covering 35 sub-Saharan African countries and 32+ million downstream customers.

The platform's core technology is a proprietary direct network architecture: Thunes' Direct Global Network enables real-time cross-border payments in 130+ countries and 80+ currencies, connecting to 7+ billion mobile wallets and bank accounts and 15+ billion cards via 320+ payment methods, while DT One interconnects 1,000+ telecommunications and business partners across 160 countries reaching 5+ billion mobile consumers. Differentiation sits in scale and reliability at the network layer, machine-learning-powered credit scoring using alternative data at the underwriting layer (Ezra), and AML/regulatory tooling at the compliance layer (Tookitaki). TransferTo also offers Banking-as-a-Service and MVNO infrastructure that allows partners to embed financial and telecom services plug-and-play.

Revenue is generated primarily through transaction fees on cross-border payments and digital value services (mobile top-up, data bundles, bill payments, vouchers, gaming payouts), subscription and recurring fees from Banking-as-a-Service infrastructure, interest/fees from credit and BNPL products, and professional services for AML/compliance training. The company employs approximately 570 people across 50+ nationalities and operates in 160+ countries. Go-to-market is enterprise field sales targeting CEOs and CFOs at major financial institutions and telecom operators, complemented by flagship channel partnerships (e.g., Ecobank, Gozem) and embedded integration within partner platforms such as the Ecobank Mobile App and Xpress Accounts. Pricing is not publicly disclosed and is quote-based given the B2B infrastructure nature of the offering.

Name

TransferTo

Legal name

TransferTo Investments Pte Ltd

Website

https://transferto.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

TransferTo is a Singapore-based B2B fintech infrastructure group operating in 160+ countries through subsidiaries Thunes (cross-border payments), DT One (mobile top-up), Ezra (BNPL/credit), and Tookitaki (AML), serving banks, telcos, digital wallets, super apps, and marketplaces.

Ownership category

akta.pro rank

Product category

Cross-border Payment Infrastructure

NAICS

Telecommunications Resellers (517121)

SIC

Finance Services (6199), Services-Telephone Interconnect Systems (7385)

akta.pro primary industry

Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)

akta.pro secondary industries

Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH), Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO)

Keywords

• Cross-border payments
• Fintech infrastructure
• Mobile top-up network
• Banking-as-a-service
• Emerging market payments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing & Settlement: Transaction fees from enabling cross-border payments, value transfers, and payment acceptance across 130+ countries for enterprise clients including Fintechs, Banks, and Marketplaces
2. Banking as a Service Infrastructure: Plug-and-play banking infrastructure services allowing partners to access a range of banking services with associated fees
3. Digital Value Services: Infrastructure fees for telecommunications top-ups, mobile data, bill payments, vouchers and gaming payouts
4. Credit & BNPL Services (Ezra): Revenue from nano loans and Buy Now Pay Later products extended to underbanked individuals in emerging markets
5. AML/Compliance Services (Tookitaki): Anti-money laundering technology and compliance training services for financial institutions

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

TransferTo is a B2B fintech infrastructure company enabling Fintechs, Banks, and Marketplaces to accept, settle, and make payments in 130+ countries. Through its operating companies (Thunes, DT One, Ezra, Tookitaki) it provides cross-border payments, banking-as-a-service, mobile top-up and digital value services, MVNO infrastructure, AML and compliance services, and micro-lending/BNPL capabilities targeting emerging markets.

Product overview

TransferTo is a global technology group comprising four operating companies that power intelligent fintech solutions for emerging markets. The portfolio includes: (1) Thunes, a global payments network enabling real-time cross-border payments across 130+ countries via mobile wallets, bank accounts, and cards; (2) DT One, a B2B digital transfer network for mobile top-up and data solutions across 160 countries; (3) Ezra, a micro-lending fintech providing nano loans and BNPL options using alternative data and machine learning; and (4) Tookitaki, an AML/compliance technology provider. Together, these operating companies enable seamless payments, value transfers, BNPL experiences, and compliance services within the interfaces of mobile operators, digital wallets, super apps, and marketplaces. TransferTo also offers its own infrastructure layers including global payments infrastructure, Banking as a Service, Digital Value Services, and MVNO infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Thunes: Smart Superhighway to move money around the world; Direct Global Network for cross-border payments
• DT One
• Ezra
• Tookitaki
• Open-D

Products and services

• Thunes Cross-border payments network that enables real-time payments in 130+ countries and 80+ currencies, connecting members to 7+ billion mobile wallets and bank accounts worldwide and 15+ billion cards via 320+ payment methods. Targeted at Fintechs, Banks, and Marketplaces needing global payment acceptance and settlement.
• DT One B2B digital transfer network for mobile top-up and data solutions, interconnecting 1,000+ telecommunications, digital, and business partners across 160 countries to deliver smart digital connectivity services such as airtime, data bundles, gift cards, and vouchers to 5+ billion mobile consumers in emerging economies.
• Ezra Micro-lending fintech providing nano loans and Buy Now, Pay Later (BNPL) options to underbanked populations in emerging markets, using a proprietary scoring engine powered by alternative data and machine learning to extend tailored credit solutions.
• Tookitaki Anti-money laundering (AML) technology provider strengthening compliance for financial institutions and providing specialized training to enhance financial security.
• Open-D Global data collection, processing, and analysis platform for connected devices, combined with AI/ML algorithms to create scores and ranks for individuals and groups customized for commercial applications.
• Global Payments Infrastructure Enterprise payments platform allowing Fintechs, Banks, and Marketplaces to accept, settle, and make payments in 130+ countries, including AML and compliance services.
• Banking as a Service Infrastructure Plug-and-play banking infrastructure enabling partners to access a range of banking services through a single integration, designed for rapid market entry by financial and non-financial players.
• Digital Value Services Infrastructure Infrastructure platform enabling transfers of telecommunications and mobile data, prepaid top-ups, bill payments, vouchers, and gaming payouts for operator and partner channels.
• MVNO Infrastructure MVNO infrastructure allowing telecom players to plug and play, with backend operations handled by TransferTo, enabling rapid mobile virtual network operator launches without building proprietary stacks.

Quantifiable outcome

• Real-time payments enabled in 130+ countries across 80+ currencies
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered flagship and minor.

• Ecobank GroupflagshipStrategic or Co-development Partner · 13 November 2024Landmark MOU signed November 13, 2024 between TransferTo and Ecobank Group to transform financial access and cross-border payments across Africa. Partnership deploys all four TransferTo operating companies (Thunes, DT One, Ezra, Tookitaki) to expand access to credit, digital products and cross-border payment solutions for Ecobank's 32+ million customers across 35 sub-Saharan African countries.
• Fabric VenturesminorStrategic or Co-development PartnerVenture capital firm investing in scalable decentralized networks, Web3 and the open economy. Partnership aimed at learning about emerging applications of blockchain and tokenomics.
• OXIOminorStrategic or Co-development PartnerCarrier-as-a-service platform empowering brands and enterprises to create personalized mobile experiences. Partnership to learn about novel applications in telecoms.
• Handprint TechminorStrategic or Co-development PartnerB2B SaaS company enabling businesses to drive impact through regeneration (reforestation, ocean plastic cleanup, coral reforestation). Partnership to regenerate the planet and support payouts to impact partners.
• GozemminorStrategic or Co-development PartnerFast growth super app providing on-demand transportation, delivery, and cashless payment solutions in Francophone West and Central Africa. Partnership to plug in financial services for drivers, riders and merchants within the Gozem app.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• WorldRemit: WorldRemit provides cross-border money transfers to mobile wallets, bank accounts, and cash pickup points across 130+ countries. Its wallet-direct disbursement model in emerging markets overlaps directly with Thunes' Direct Global Network, and both target the same diaspora-to-emerging-market remittance corridors.
• Payoneer: Payoneer provides cross-border B2B payment and working capital solutions to marketplaces, freelancers, and SMBs globally. Both companies target marketplace and merchant cross-border flows through B2B infrastructure, and Payoneer's emerging-market expansion parallels TransferTo's strategic focus.
• Onafriq (formerly MFS Africa): Onafriq operates one of Africa's largest mobile money interoperability networks, connecting mobile wallets across 35+ African countries. It is the most direct comparable to TransferTo's Thunes/DT One in African corridors and a natural alternative for the same pan-African distribution opportunity that the Ecobank partnership now covers.
• Nium: Nium is a B2B cross-border payments network offering real-time payouts to bank accounts, cards, and wallets across 190+ countries. Like Thunes, Nium sells infrastructure to fintechs, banks, and enterprises, and competes for the same wallet-direct integrations in emerging markets.
• TerraPay: TerraPay operates a global payments network enabling real-time cross-border transfers to mobile wallets and bank accounts across 150+ countries. It is one of the closest direct competitors to TransferTo's Thunes subsidiary, with overlapping wallet-direct connectivity and a similar B2B infrastructure positioning targeting PSPs, banks, and mobile money operators.
• dLocal: dLocal is a payments processor specializing in emerging markets, connecting global merchants to local payment methods across 40+ countries. It is comparable to TransferTo's cross-border payments infrastructure for marketplaces and merchants, with both companies serving global enterprise clients needing local-rail payment acceptance in emerging economies.
• Wise: Wise (formerly TransferWise) is a leading cross-border payments network connecting bank accounts and cards across more than 70 countries. Like TransferTo's Thunes network, it competes on real-time payout speed and FX transparency in retail and SMB cross-border corridors, though Wise skews more to developed-market corridors while TransferTo dominates emerging-market wallet/telco rails.
• Remitly: Remitly is a digital remittance platform serving consumers sending money to emerging markets, with deep mobile wallet and bank account disbursement rails across 170+ countries. It is directly comparable to TransferTo's Thunes in cross-border payments infrastructure for emerging-market corridors, though Remitly is consumer-facing where TransferTo is B2B infrastructure.

Emerging players

• Flutterwave: Flutterwave is a payments technology company providing cross-border and domestic payment processing for African businesses and global merchants serving Africa. It overlaps with TransferTo's emerging-market payments focus, though Flutterwave is more Africa-centric and merchant-front-end in positioning rather than B2B infrastructure-layer.

Broad incumbents

• Western Union: Western Union is the global incumbent in cross-border money transfers with a 200-country cash and digital payout network. While TransferTo is a digital-native B2B infrastructure player and Western Union is a legacy brand-led provider, both compete for the same underlying emerging-market remittance flows and wallet/cash-out rails.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/transferto

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

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 TransferTo