Parallax - About the company
Parallax is a seed company based in New York City (United States), founded in 2022 by Mikaela Reyes. It operates as a Cross-border remittance and currency exchange platform for individuals and businesses. Parallax has raised $4.5M in funding from DRAGONFLY. The company has 175 active competitors, including 31 funded and 12 that have exited. Its top competitors include companies like Wise, Payoneer and Remitly.
Company Details
Cross-border remittance and currency exchange platform for individuals and businesses. Allows users to receive and withdraw money as if they were abroad. Provides solutions to help freelancers, remote workers, and global professionals manage their finances.
- Website
- www.withparallax.com/en
- Social
- Email ID
- *****@withparallax.com
Key Metrics
Founded Year
2022
Location
New York City, United States
Stage
Seed
Total Funding
$4.5M in 1 round
Latest Funding Round
Ranked
47th among 175 active competitors
Employee Count
3 as on Jul 31, 2026
Legal entities associated with Parallax
Parallax is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARALLAX LABS, INC. CIN: 6607442 , United States, Active | Oct 03, 2022 | - | - | - |
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Parallax's funding and investors
Parallax has raised a total funding of $4.5M over 1 round. Its latest funding round was a Seed round on Aug 21, 2023 for $*****. 9 investors participated in its latest round. Parallax has 7 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Parallax:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 21, 2023 | 1997447 | Seed | 1254060 | 9428657 | 4391393 | 1904414 |
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Parallax's founders and board of directors
Founder? Claim ProfileThe founders of Parallax is Mikaela Reyes. Mikaela Reyes is the CEO of Parallax.
Here are the details of Parallax's key team members:
- Mikaela Reyes: Co-Founder & CEO of Parallax.
View details of Parallax's Founder profiles and Board Members
Parallax's employee count trend
Parallax has 3 employees as of Jul 26. Here is Parallax's employee count trend over the years:
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Parallax's Competitors and alternates
Top competitors of Parallax include Wise, Payoneer and Remitly. Here is the list of Top 10 competitors of Parallax, ranked by Tracxn score:
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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 | 86/100 | |
2nd | Payoneer 2005, New York City (United States), Acquired | Provider of cross-border payment solutions for freelancers, businesses, and marketplaces | $269M | 84/100 | |
3rd | Remitly 2011, Seattle (United States), Public | Provider of international money transfer services with multiple delivery options | $436M | 84/100 | |
4th | Airwallex 2015, San Francisco (United States), Series H | Provider of financial infrastructure for processing payments and managing treasury | $1.9B | 83/100 | |
5th | Venmo 2009, New York City (United States), Acquired | Provider of a platform for sending and receiving payments between users | $1.3M | 76/100 | |
6th | Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions | $362M | 74/100 | ||
7th |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
8th |  Xoom 2001, San Francisco (United States), Acquired | Provider of online service for international money transfers, bill payments | $106M | 71/100 | |
9th |  VERTO 2017, Palo Alto (United States), Series A | Provider of cross-border payment platform and foreign exchange solutions for businesses | $12.1M | 67/100 | |
10th | Cross-border money transfers for businesses and individuals | $5M | 66/100 | ||
47th |  Parallax 2022, New York City (United States), Seed | Cross-border remittance and currency exchange platform for individuals and businesses | $4.5M | 34/100 |
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Parallax's Investments and acquisitions
Parallax has made no investments or acquisitions yet.
Reports related to Parallax
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