Wallex (by M-DAQ) | Company Profile - Revenue, Headcount, Tech Stack, Contacts
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Overview
A fintech company based in Singapore, founded in 2016, specializes in foreign exchange and cross-border payment solutions for B2B businesses, SMEs, and fintechs across Asia. Acquired by M-DAQ in 2022, it enhances its offerings with competitive FX rates and algorithmic capabilities, including customizable APIs for partners.
The platform provides secure online payments, FX conversions, collections, and multi-currency wallet services. Notable features include near real-time FX conversions in 47 currencies, multi-currency virtual accounts, and API-based solutions supporting eCommerce and scalable cross-border payments. Regulated by the Monetary Authority of Singapore and other authorities, it processes nearly S$4 billion in gross transaction value annually, serving a wide range of clients in the Asia-Pacific region.
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