When was Wallex founded?

Wallex was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Wallex located?

Wallex is headquartered in Singapore, Singapore. It is registered at 79 ANSON ROAD #23-01 SINGAPORE 079906.

Which legal entities is Wallex associated with?

Wallex is associated with Wallex Technologies Pte, Ltd.

How many employees does Wallex have?

As of Aug 31, 2026, the latest employee count at Wallex is 112.

Is Wallex a funded company?

Wallex is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2016.

When was the latest funding round of Wallex?

Wallex's latest funding was a $***** Series A round on Jun 10, 2020, with participation from 6 investors.

Where does Wallex rank among its competitors?

Wallex ranks 89th amongst 3075 active competitors, of which 271 are funded. It stands 11th 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 Wallex?

Wallex's top competitors include Flutterwave, Airwallex and PayU. Among them, Flutterwave secured the most recent funding round in July, 2026.

Wallex - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cross-border payments acceptance and management solution for businesses. It provides multicurrency wallets, payment acceptance with conversion to local currency, and more. It also provides a solution that enables financial institutions to provide cross-border remittance services to the end customers.

Website: www.wallex.asia/
Social
Email ID: *****@wallextech.com
Registered Address: 79 ANSON ROAD #23-01 SINGAPORE 079906

Key Metrics

Founded Year

2015

Location

Singapore, Singapore

Stage

Acquired

Latest Funding Round

Series A, Jun 10, 2020, $*****

Investors

Beenext & 14 more

Ranked

89^th among 3075 active competitors

Employee Count

112 as on Aug 31, 2026

Similar Companies

Airwallex & 432 more

Exit Details

Acquired by M-DAQ (Feb 22, 2022)

View Wallex's full profile

Wallex is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Wallex Technologies Pte, Ltd UEN: 201511881E , Singapore, Active	Dec 31, 2014	-	-

Wallex got acquired by M-DAQ on Feb 22, 2022.

Click here to take a look at Wallex's acquisition in detail

Wallex has raised funding over 3 rounds. Its first funding round was on 2016. Its latest funding round was a Series A round on Jun 10, 2020 for $*****. 6 investors participated in its latest round. Wallex has 11 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Wallex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2020	5399934	Series A	4767827	8721442	5677114	9452145
Oct 10, 2018	8470220	Seed	8870992	4788560	7803956	Central Capital Ventura & 4 more
2016	7728	Seed	3855	6624	Amand Ventures	4697

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View details of Wallex's funding rounds and investors

The founders of Wallex are Shang Ping Ting and Hiroyuki Kiga.

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

Shang Ping Ting: Co-Founder of Wallex and founder of 2 other companies, SNAP Innovations and Snap Bots. They serve on the boards of 2 companies.
Hiroyuki Kiga: Co-Founder & COO of Wallex and founder of 1 other company. They serve on the board of 1 company.

Wallex's Board of Directors

Wallex's board has 2 active members. Hiroyuki Kiga is part of team and Chionh Chye Kit is independent board member.

Here is the list of Wallex's board of directors:

Name	Type	Representing	Status	Duration
Hiroyuki Kiga	Team	-	Current	10y 4m
Chionh Chye Kit	Independent board member	-	Current	8y 10m
pmgljsd	Independent board member	-	Past	5y 9m
jlxxzar	Independent board member	-	Past	1y 8m

View details of Wallex's Founder profiles and Board Members

Wallex's employee count trend

Wallex has 112 employees as of Aug 26. Here is Wallex's employee count trend over the years:

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Top competitors of Wallex include Flutterwave, Airwallex and PayU. Here is the list of Top 10 competitors of Wallex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	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
2nd	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
3rd	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
4th	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	73/100
5th	Iyzi Payments 2012, Istanbul (Turkey), Acquired	Provider of payment solutions for e-commerce companies and individuals	$28M	VEF, IFC & 8 others	72/100
6th	BlueSnap 2001, Waltham (United States), Acquired	International payment solution	$68M	Great Hill Partners, Parthenon Capital & 1 others	69/100
7th	Skydo 2022, Bengaluru (India), Series A	Digital platform enabling businesses to receive payments from overseas businesses	$20M	Elevation Capital, SIG Venture Capital & 5 others	68/100
8th	Bango 1999, Cambridge (United Kingdom), Public	Provider of marketing solutions for e-commerce businesses	-	Origin Capital, ET Capital & 5 others	68/100
9th	Xflow 2021, Bengaluru (India), Series A	Provider of infrastructure for processing and managing cross border payments	$32.8M	General Catalyst, Lightspeed & 10 others	68/100
10th	Toss 2011, Seoul (South Korea), Series G	Provider of an app-based platform for banking investment and insurance management	$1.25B	Altos Ventures Management, Goodwater Capital ... & 42 others	67/100
89th	Wallex 2015, Singapore (Singapore), Acquired	Cross-border payments acceptance and management solution for businesses	-	BAce Capital, 500 Durians & 13 others	52/100