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 Sep 30, 2026, the latest employee count at Efex is 159.

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 $471M in funding in 2026 to date.

Where does Efex rank among its competitors?

Efex ranks 63rd amongst 1289 active competitors, of which 154 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $320M in Jun, 2026.

Who are the top competitors of Efex?

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

Efex - 2026 Company Profile, Team, Funding & Competitors

Efex is a seed company based in Menlo Park (United States), founded in 2022 by Santiago Bustamante Villa. It operates as a Cross-border payment platform for businesses. Efex has raised $10.6M in funding from Floodgate and PayPal Ventures. The company has 1289 active competitors, including 154 funded and 50 that have exited. Its top competitors include companies like Remitly, Payoneer and Airwallex.

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

63^rd among 1289 active competitors

Employee Count

159 as on Sep 30, 2026

Similar Companies

Payoneer & 675 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	Reports
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	6849351	Seed	4935158	6898365	5069306	7006641
Sep 14, 2022	3038340	Seed	6195424	4355400	3447082	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 159 employees as of Sep 26. Here is Efex's employee count trend over the years:

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Top competitors of Efex include Remitly, Payoneer and Airwallex. 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	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 40 others	85/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 24 others	85/100
3rd	Airwallex 2015, Singapore (Singapore), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	84/100
4th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	80/100
5th	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Baillie Gifford & 107 others	79/100
6th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	77/100
7th	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	75/100
8th	XTransfer 2017, Shanghai (China), Series D	Provider of cross-border trade payment platform for global businesses	$168M	http://lhcp.com, D1 Capital Partners & 12 others	74/100
9th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 13 others	72/100
10th	TazaPay 2020, Singapore (Singapore), Acquired	Provider of cross-border payment solutions for businesses to collect, hold, and pay seamlessly across the globe	$57.9M	Peak XV Partners, January Capital & 18 others	72/100
63rd	Efex 2022, Menlo Park (United States), Seed	Cross-border payment platform for businesses	$10.6M	Floodgate, Contour Venture Partners & 6 others	52/100