Where is Machnet located?

Machnet is headquartered in Marlborough, United States.

How many employees does Machnet have?

As of Aug 31, 2026, the latest employee count at Machnet is 9.

Where does Machnet rank among its competitors?

Machnet ranks 14th amongst 44 active competitors, of which 6 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Payall, which secured an undisclosed amount in Jun, 2025.

Who are the top competitors of Machnet?

Machnet's top competitors include Fable Fintech, TransferMate and Payall. Among them, Payall secured the most recent funding round in June, 2025.

Machnet - 2026 Company Profile, Team & Competitors

Machnet is an unfunded company based in Marlborough (United States), founded in 2012 by Ashish Shrestha. It operates as a White label platform for money transfer service. Machnet has not raised any funding yet. The company has 44 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Fable Fintech, TransferMate and Payall.

Company Details

Machnet is a fully-complaint API-driven white label platform under the US MSB license umbrella providing money transfer services from US only. Offers Comprehensive KYC profiling with four different levels with SSN and OFAC verification in real time. Directly tied-in with licensed ACH in the US. All monetary transactions are routed and handled by the ACH. Offers Day 2 debit to client accounts and Day 3 credit into NOSTRO account of the correspondent bank. Currently has two clients: Thamel Remit and Muncha Money Transfer both focused on remitting money to Nepal

Key Metrics

Founded Year

2012

Location

Marlborough, United States

Stage

Unfunded

Ranked

14^th among 44 active competitors

Employee Count

9 as on Aug 31, 2026

Similar Companies

Fable Fintech & 53 more

View Machnet's full profile

Machnet has not raised any funding rounds yet.

The founders of Machnet is Ashish Shrestha.

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

Ashish Shrestha: Co-Founder of Machnet.
Contact Info: 1 email address

View details of Machnet's Founder profiles and Board Members

Machnet's employee count trend

Machnet has 9 employees as of Aug 26. Here is Machnet's employee count trend over the years:

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Top competitors of Machnet include Fable Fintech, TransferMate and Payall. Here is the list of Top 10 competitors of Machnet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fable Fintech 1999, Mumbai (India), Series A	Provider of end-to-end cross border payment solutions for businesses	$14.5M	Infibeam Avenues, Kalva Marketing And Services Limited ... & 34 others	63/100
2nd	TransferMate 2010, Kilkenny (Ireland), Series B	International B2B payments and receivables transactions	$130M	Railpen, ING & 1 others	57/100
3rd	Payall 2002, Miami Beach (United States), Series A	Developer of cross-border remittance solutions for banks	$27.2M	Andreessen Horowitz, Ventura Capital & 11 others	55/100
4th	Wallex 2015, Singapore (Singapore), Acquired	Cross-border payments acceptance and management solution for businesses	-	BAce Capital, Beenext & 13 others	52/100
5th	Balad 2022, Cairo (Egypt), Acquired	API-enabled cross-border payments across multiple channels	-	Acasia Ventures, First Circle Capital & 5 others	43/100
6th	Crassula 2015, Riga (Latvia), Unfunded	White label banking solutions provider	-	-	40/100
7th	Fern 2022, Middletown (United States), Funding Raised	Provider of global money movement API and onchain accounts	-	Variant Fund	31/100
8th	Interledger 2015, San Francisco (United States), Funding Raised	Foundation supporting open-source technology for financial transactions across different payment networks	-	-	30/100
9th	Remit Anywhere 2007, New York City (United States), Unfunded	Global money transfer software solution for businesses of all sizes	-	-	29/100
10th	SukuPay 2023, Miami (United States), Unfunded	Provider of infrastructure for international money transfer and remittance services	-	-	27/100
14th	Machnet 2012, Marlborough (United States), Unfunded	White label platform for money transfer service	-	-	26/100