Relm
Relm is an enterprise fintech platform offering crypto and fiat payment acceptance, multi-currency account services, and large-order OTC trading under its Trade Fluidity ecosystem, serving corporates in luxury retail, hospitality, automotive, and fintech across 100+ markets via regulated entities in the UAE, UK, Canada, and Australia.
- Company typePrivate
- Founded2023
- HeadquartersPaddington, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Relm does
Relm is an enterprise fintech platform operating its "Trade Fluidity" ecosystem, which unifies crypto and fiat payment acceptance, multi-currency business account services, and large-order OTC trading under a single regulated infrastructure. The platform is delivered via the Relm Portal (portal.relm.co) and APIs, with native compatibility for Shopify and WooCommerce, a smart POS terminal for in-store payments, and dedicated virtual IBANs supporting up to 38 fiat currencies. The OTC desk executes trades up to $20M (or $50M AED in the UAE) with T+0 settlement, drawing liquidity from tier-one banks and institutional providers. Digital asset custody is provided through Fireblocks, and on-chain compliance monitoring is handled via Elliptic.
The company is structured under XBD Holdings Limited (Abu Dhabi) with regulated subsidiaries in the UK (XBase Digital UK Limited), Dubai (XBase Digital DED — VARA In-Principle Approval pending full license), Canada (XBase Digital Inc — FINTRAC MSB), and Australia (Esettlements Apac PTY Ltd). Relm targets corporates and qualified investors in luxury retail, hospitality and travel, automotive, and fintech, with secondary verticals in real estate, marketplaces, and iGaming. It monetizes primarily through transaction fees on payment acceptance, OTC trading spreads, and FX conversions on multi-currency accounts, supplemented by embedded API/white-label licensing for partners. To date, the company reports $1.5bn in cumulative trades executed and 500+ active clients across 100+ markets.
Distribution combines enterprise direct sales with white-glove onboarding, a self-serve portal, and an API/embedded-finance channel for ISVs and marketplaces. Relm's leadership includes co-founder and CEO Rishin Patel, co-founder and Head of Operations Paul Danbury, UAE CEO and COO/Compliance Director Zeeshan Uppal, Group CFO Kreeson Thathiah, Group CPO Faizan Mirza, and a fractional CTO (Ali Minaei). The company is privately held with no disclosed funding rounds, operates with 11-50 employees per its firmographic profile, and emphasizes a license-first regulatory posture as its primary defensibility layer.
Relm firmographics
Firmographics- Name
- Relm
- Legal name
- XBD Holdings Limited
- Website
- https://relm.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Relm is an enterprise fintech platform offering crypto and fiat payment acceptance, multi-currency account services, and large-order OTC trading under its Trade Fluidity ecosystem, serving corporates in luxury retail, hospitality, automotive, and fintech across 100+ markets via regulated entities in the UAE, UK, Canada, and Australia.
- Ownership category
- akta.pro rank
Relm industry classification
Industry- Product category
- Crypto Payments Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Commodity Contracts Intermediation (523160)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)
Keywords
Where Relm is headquartered
LocationHeadquarters
- HQ city
- Paddington
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Relm business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Compliance, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Acceptance Transaction Fees: Fees charged on crypto and fiat payment transactions processed through the payment gateway, both online and in-store. Merchants receive same-day settlement in stablecoin or fiat. Volume-based pricing with low transaction fees and competitive FX rates.
- OTC Trading Spreads: Revenue generated from spreads on large-order crypto and fiat OTC trades. Pricing based on live market conditions, trade size, and liquidity with custom quotes provided per transaction. Trades up to $20M with T+0 settlement.
- Account Services & FX Conversions: Revenue from currency exchange and conversion fees on multi-currency accounts supporting up to 38 fiat currencies. Competitive FX rates accessible from within the Relm Portal. Settlement in 140+ fiat currencies.
- Embedded Infrastructure / API Licensing: Revenue from embedding Relm's payment acceptance, account services, and trading capabilities into partner platforms via API. Partners can white-label solutions for their own client bases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Volume-based transaction fees with no hidden costs and competitive FX rates |
| Transaction based/ take rate | Pay-as-you-go | Custom OTC trading quotes based on trade size, liquidity, and live market conditions |
| Transaction based/ take rate | Pay-as-you-go | Account services with competitive FX rates and lower conversion fees |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Relm product offering
Product offeringCore offering
Relm operates a Trade Fluidity ecosystem that unifies crypto and fiat payment acceptance, multi-currency account management, and large-order OTC trading within a single platform. It delivers these services via the Relm Portal (web-based) and APIs, supporting merchants in luxury retail, hospitality, automotive, fintech, and other sectors with cross-border settlement, virtual IBANs, and same-day fiat conversion from crypto.
Product overview
Relm is an enterprise crypto and fiat payments platform offering a modular ecosystem of financial services. The core portfolio consists of Payment Acceptance (crypto/fiat payment gateway), Account Services (multi-currency business accounts), Trading (OTC desk for large-order crypto/fiat trades), and Infrastructure (embedded APIs for partners). These services are unified under the Trade Fluidity concept, accessible through the Relm Portal web platform, enabling seamless value flow between fiat and crypto across borders for businesses in luxury retail, hospitality, automotive, and other sectors.
Differentiator
Problem solved
Functional benefit
Brands
- XBase: Virtual assets broker and dealer services brand operating under regulatory approvals in Dubai and other jurisdictions.
Products and services
- Payment Acceptance
Quantifiable outcome
- $1.5bn in total trades executed to date
- +4 more outcomes
Companies that use Relm
Customer profileSegments7 records
Ideal customer profiles6 records
Relm technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature8 records
Relm partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and supporting.
- FireblockscoreFireblocks acts as the custodian of digital assets for Relm's XBase Digital entity, providing secure digital asset custody with advanced encryption, multi-layered security protocols, segregated client accounts, and insurance coverage. Relm does not provide direct custody services, relying entirely on Fireblocks for digital asset security.
- Zand BankcoreZand Bank is a fully licensed bank regulated by the Central Bank of the UAE, serving as Relm's corporate banking partner. Provides banking infrastructure for corporate banking needs as part of Relm's regulated operations in the UAE.
- CitiBanksupportingBanking and financial services partner visible on Relm's partners page. Part of Relm's network of tier-one international and regional banks for delivering secure, reliable services.
- ClearBanksupportingUK-based clearing bank partner. Part of Relm's banking network for delivering payment and settlement services.
- DBS BanksupportingSoutheast Asian banking partner (Singapore-based DBS). Part of Relm's international banking network for cross-border payment services.
- EllipticcoreBlockchain analytics partner providing on-chain analytics for real-time compliance monitoring, transaction behaviour analysis, wallet risk scoring, and counterparty risk assessment. Used by Relm's compliance team for AML/CFT monitoring.
- Emirates NBDsupportingUAE-based banking partner. Part of Relm's regional banking network in the Middle East for payment and settlement services.
- FibonatixsupportingPayment service provider partner for processing and payment acceptance services.
- KrakensupportingCryptocurrency exchange partner. Part of Relm's network of liquidity providers and institutional partners for crypto trading services.
- RAKBANKsupportingUAE-based Islamic bank (National Bank of Ras Al Khaimah) as banking partner for regional payment services.
- TrustpaymentssupportingPayment gateway partner providing payment processing infrastructure for fiat and crypto payment acceptance.
- ShopifysupportingE-commerce platform integration via pre-built plugin enabling Shopify merchants to accept crypto and fiat payments through Relm's payment gateway.
- WooCommercesupportingWordPress e-commerce plugin integration enabling WooCommerce merchants to accept crypto and fiat payments through Relm's payment gateway.
- Layer1supportingTechnology partner visible on Relm's partners page, contributing to Relm's infrastructure and payment ecosystem.
- AcquiredsupportingPartner visible on Relm's partners page, contributing to Relm's payment ecosystem.
- RedenvelopesupportingPartner visible on Relm's partners page, part of Relm's partner ecosystem.
- RennosupportingPartner visible on Relm's partners page, part of Relm's partner ecosystem.
- CFC (MENA)supportingMENA-focused financial services partner visible on Relm's partners page.
- Multiple Liquidity Providers & Tier-One BankscoreRelm sources pricing and liquidity directly from a network of trusted liquidity providers, tier-one banks, and institutional partners. This network ensures deep liquidity, competitive spreads, and accurate pricing without relying solely on public exchanges. Disclosed in trading service documentation.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Relm competitors and assessment
Company assessmentBroad incumbents
- Currencycloud: Currencycloud (a Visa-owned business) provides cross-border multi-currency account infrastructure and FX via API to banks and fintechs. Comparable to Relm's Account Services product (38 fiat currencies, vIBAN, cross-border payments), but focused on fiat rather than fiat+crypto.
- Circle: Circle issues USDC and operates payments and treasury APIs that let businesses accept stablecoins and settle in fiat globally. Comparable to Relm's stablecoin-settlement payment acceptance and multi-currency treasury, but at much larger scale and with broader enterprise and developer footprint.
Direct peers
- Zero Hash: Zero Hash provides embedded crypto and stablecoin infrastructure (trading, custody, payments, on/off-ramps) via API for fintechs and platforms. Directly comparable to Relm's embedded finance / Infrastructure product targeting ISVs and platforms wanting white-label crypto services.
- TripleA: TripleA is a MAS-regulated crypto payment gateway licensed in Singapore that enables merchants to accept crypto with instant fiat conversion. Comparable to Relm in providing regulated, compliance-led crypto payment acceptance for cross-border merchants.
- BitPay: BitPay is one of the longest-running crypto payment processors, enabling merchants to accept bitcoin and other cryptocurrencies with fiat settlement and invoice/checkout tools. Closely comparable to Relm in serving mid-market and enterprise merchants with crypto-to-fiat settlement.
- BCB Group: BCB Group provides institutional crypto liquidity, payments, and custody services via BLINC and the BCB Network, serving fintechs, banks, and prop trading firms. Directly comparable to Relm in offering enterprise OTC trading with deep liquidity and multi-currency settlement across regulated entities.
- FalconX: FalconX is an institutional digital asset prime broker offering OTC trading, lending, and custody for institutions and corporates. Comparable to Relm's Trading product for large-order OTC execution with deep liquidity and T+0 settlement.
- Coinbase Commerce: Coinbase Commerce is the merchant-facing arm of Coinbase enabling online merchants to accept crypto payments with conversion to stablecoins or fiat. Directly comparable to Relm's Payment Acceptance product, particularly for e-commerce integrations via Shopify and WooCommerce.
- BVNK: BVNK is a London-headquartered enterprise payments platform that lets businesses accept, store, convert, and send both fiat and stablecoins through a single API and dashboard. Closest direct competitor to Relm's Trade Fluidity concept, targeting similar merchants with embedded fiat+crypto payment acceptance and treasury.
- ClearJunction: ClearJunction is a UK-based regulated payments institution providing multi-currency IBANs, FX, and payment infrastructure alongside crypto on/off-ramp services. Directly comparable to Relm's combined fiat+crypto account services and payment acceptance stack in the UK and European corridor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Relm social profiles
Digital presenceRelm compliance and trust
Trust signalCompliance7 records
Relm financial estimates
Financial estimateRevenue estimate
Valuation estimate
Relm leadership team
Management profileNumber of profiles
Profiles10 records
Relm subsidiaries and ownership
Company hierarchySubsidiaries4 records
Relm funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Relm 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 Relm
What does Relm do?
Relm operates a Trade Fluidity ecosystem that unifies crypto and fiat payment acceptance, multi-currency account management, and large-order OTC trading within a single platform. It delivers these services via the Relm Portal (web-based) and APIs, supporting merchants in luxury retail, hospitality, automotive, fintech, and other sectors with cross-border settlement, virtual IBANs, and same-day fiat conversion from crypto.
Is Relm a public or private company?
Relm is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Relm founded?
Relm was founded in 2023. It employs 11 to 50 people.
Where is Relm based?
Relm is headquartered in Paddington, United Kingdom, in the Europe region.
How does Relm make money?
Four revenue lines are on record. Payment Acceptance Transaction Fees are the primary driver. The others are OTC Trading Spreads, account Services & FX Conversions and embedded Infrastructure / API Licensing.
Who are Relm's main competitors?
Broad incumbents on record are Currencycloud and Circle. Direct peers are Zero Hash, TripleA, BitPay, BCB Group, FalconX, Coinbase Commerce, BVNK and ClearJunction.
Does Relm have an API?
Yes. Relm offers robust APIs that allow seamless integration with existing systems, enabling real-time reporting, automated reconciliations, and smooth payment flows. Full developer documentation and technical support are provided during onboarding. The Relm Portal is available as a standalone web-based portal with all functionalities accessible via API for easy integration with existing systems.
What industry is Relm in?
Relm's product category is Crypto Payments Platform. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAIAK, Settlement, Reconciliation & Merchant Treasury Tools (Crypto). Its NAICS code is 5231 and its SIC code is 6200.