It all began with a friend's bachelor party in Thailand. Prajit Nanu, formerly global sales director of TMF Group and VP - Sales & Account Management at WNS, while booking a resort in Phuket for the party, was frustrated with the cumbersome process to transfer money overseas. This experience made Prajit realize that international money transfers were neither straight-forward, nor cost-effective. Excessive paperwork and multiple touchpoints increased costs, and stretched the time taken for end-to-end transfer.
This prompted him to collaborate with Michael Bermingham, a close aide and an expert in compliance in Asia, EU and Europe who shared a vision of making international money transfers as easy as pie. The rest, as they say, is history!
Received US$ 500,000 in seed capital
Launched Australia Operations, focus on AUD-INR
Received US$ 5mn in Series A funding
Started operations in Singapore and Hong Kong
Received US$ 13mn in Series B funding
Received license for US operations
Entered EU market with EMI license from Bank of Lithuania
Received RBI approval for India-outbound remittances
Started operations in Malaysia
Team size reached 100 globally
Joined RippleNet - to facilitate members’ payouts in Southeast Asia
Partnership with RippleNet member Beetech for fast payments bet'n SE Asia and LatAm.
Launched India-outbound operations
Launched EU, UK and US operations
Everybody Has Their Thing,
“We aim to set a precedence in bridging currency borders by streamlining the process of sending and settling overseas payments, powered by continuous innovations in transparency, security, and cost efficiency.”
To Make Your Money Transfer Experience A Smooth One
“Our focus is to give our banked and unbanked clients access to financial products through our leading technology platform, thus fueling our growth as the world’s premier cross-border payments firm.”
We are ISO27001 Certified
