When was Efex founded?

Efex was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Efex located?

Efex is headquartered in Menlo Park, United States.

How many employees does Efex have?

As of May 31, 2026, the latest employee count at Efex is 137.

Is Efex a funded company?

Efex is a funded company, having raised a total of $10.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 14, 2022.

When was the latest funding round of Efex?

Efex's latest funding was a $***** Seed round on Dec 18, 2025, with participation from 4 investors. Its primary sector is Digital Remittance. In United States, the Digital Remittance sector has seen $479M in funding in 2026 to date.

Where does Efex rank among its competitors?

Efex ranks 123rd amongst 3618 active competitors, of which 359 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Efex?

Efex's top competitors include Wise, Payoneer and Remitly. Among them, Flutterwave secured the most recent funding round in July, 2026.

Efex - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cross-border payment platform for businesses. Provides benefits of blockchain to facilitate international trade payments for SMEs. Offers a solution to build trust, make payments, and give access to trade-related financial services for businesses.

Key Metrics

Founded Year

2022

Location

Menlo Park, United States

Stage

Seed

Total Funding

$10.6M in 2 rounds

Latest Funding Round

Seed, Dec 18, 2025, $*****

Investors

Floodgate & 7 more

Ranked

123^rd among 3618 active competitors

Employee Count

137 as on May 31, 2026

Similar Companies

Payoneer & 598 more

View Efex's full profile

Efex is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EFEX INC. CIN: 6929337 , United States, Active	Jul 22, 2022	-	-	-

Efex has raised a total funding of $10.6M over 2 rounds. Its first funding round was on Sep 14, 2022. Its latest funding round was a Seed round on Dec 18, 2025 for $*****. 4 investors participated in its latest round. Efex has 8 institutional investors.

Here is the list of recent funding rounds of Efex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2025	6047553	Seed	4925820	2445590	9323527	1243232
Sep 14, 2022	2942040	Seed	9196052	3389647	1872896	Nido Ventures

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View details of Efex's funding rounds and investors

The founders of Efex is Santiago Bustamante Villa. Dimitri Zaninovich is the CEO of Efex.

Here are the details of Efex's key team members:

Santiago Bustamante Villa: Co-Founder of Efex.
Contact Info: 1 email address

View details of Efex's Founder profiles and Board Members

Efex's employee count trend

Efex has 137 employees as of May 26. Here is Efex's employee count trend over the years:

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Top competitors of Efex include Wise, Payoneer and Remitly. Here is the list of Top 10 competitors of Efex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Merian Global Investors ... & 103 others	86/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 23 others	84/100
3rd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
4th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	84/100
5th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 51 others	83/100
7th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
8th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	Accel, RRE Ventures & 8 others	76/100
9th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	74/100
10th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
123rd	Efex 2022, Menlo Park (United States), Seed	Cross-border payment platform for businesses	$10.6M	Floodgate, Contour Venture Partners & 6 others	52/100