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Singapore-based FX and payment platform for businesses, offering multi-currency wallets and cross-border payments.
Wallex Technologies Pte. Ltd. was founded in 2015 and is headquartered in Singapore. Its platform offers a multi-currency wallet for 13 currencies, near mid-market FX rates, and global payments in 47 currencies, including bulk payments and virtual collection accounts. In 2023 the company reported revenue of USD 11.71 mn and EBITDA of USD -1.22 mn. On February 22, 2022 it was acquired by M-DAQ Pte Ltd, which gained access to Wallex's Southeast Asian customer base while Wallex continues to operate under its own brand.
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