Wallex
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Seed | ||
| N/A | Series A | |
N/A | N/A | - | |
* | N/A | Acquisition | |
* | $2.5m | Growth Equity VC | |
Total Funding | AUD3.9m |
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EditWallex is a financial technology company specializing in multi-currency international payment solutions. The company serves businesses that require efficient and cost-effective cross-border transactions, including SMEs and large enterprises. Operating in the financial services market, Wallex offers a comprehensive online platform that allows clients to add beneficiaries and set up international payments with ease. The business model revolves around providing competitive foreign exchange rates and eliminating hidden fees, thereby saving clients significant amounts in conversion costs. Wallex generates revenue through transaction fees and currency conversion margins. Additionally, the company offers API integration for seamless incorporation into existing platforms, enhancing operational efficiency for its clients. Key features include real-time currency conversion, same-day payment processing for major currencies, and a referral program that rewards users for bringing in new clients.
Keywords: multi-currency, international payments, FX conversions, zero hidden fees, real-time rates, API integration, SMEs, cross-border transactions, financial technology, cost-effective.