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Competitive Landscape of Western Union
Rank
6th
Among 713 Competitors
Active Competitors
571
45 Funded / 22 Exited / 3 Public / 19 Acquired
Funding of competitors of
Western Union
$1.7B
102 Funding Rounds
Top 10 competitors of Western Union, ranked by Tracxn score:
Filter this list
1. Wise
Cross-border remittance solution for individuals and businesses
- Founded Year
- 2011
- Funding
- $1.03B
- Location
- Shoreditch (United Kingdom)
- Investors
IVP, J P Morgan
and96 Others
- Stage
- Public
- Tracxn Score
- 85/100What is this?
Cross-border remittance solution for individuals and businesses. Allows users to send, receive, and make payments across borders through app-based platforms. Individuals can make payments through bank transfers globally. Businesses are allowed to accept fund transfers and make payments to international employees through multi-currency banking channels. The application can be accessed on iOS and Android devices.
2. Rewire
Provider of cross border money transfer services
- Founded Year
- 2015
- Funding
- $62M
- Location
- Amsterdam (Netherlands)
- Investors
BNP Paribas, AME Cloud Ventures
and20 Others
- Stage
- Acquired
- Tracxn Score
- 72/100What is this?
3. TransferGo
Cross-border remittance solution for consumers and businesses
soonicorn
- Founded Year
- 2012
- Funding
- $109M
- Location
- London (United Kingdom)
- Investors
SVB, Seventure Partners
and25 Others
- Stage
- Series C
- Tracxn Score
- 71/100What is this?
Cross-border remittance solution for consumers and businesses. It allows consumers and businesses to transfer money and funds across borders. Users can transfer funds using cash deposits, bank transfers, and ATMs. Features APIs to manage transactions, access current pricing, and market trends and insights.
4. CurrencyFair
Cross-border money transfer platform
minicorn
- Founded Year
- 2010
- Funding
- $23.1M
- Location
- Dublin (Ireland)
- Investors
Draper Esprit, Octopus Ventures
and11 Others
- Stage
- Series B
- Tracxn Score
- 69/100What is this?
CurrencyFair is a cross-border money transfer platform. Users need to set up their account and deposit money by bank transfer. They enter the amount & currency they want to send and provide the recipient's details. Offers business account that can be used to pay overseas suppliers & foreign invoices and receive payments from international clients. The app is available for iOS and Android platforms.
5. Remessa Online
Online platform for international payments.
- Founded Year
- 2016
- Funding
- $21.5M
- Location
- Sao Paulo (Brazil)
- Investors
Kaszek, Bewater Ventures
and6 Others
- Stage
- Acquired
- Tracxn Score
- 67/100What is this?
Remessa Online is an platform for consumers and businesses to make international payments. The payments are made online by the consumers which are routed via banking partnerships. This is a service by BeeCambio.
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6. Integral
Cloud-based trading software for financial institutions to trade in capital markets
minicorn
- Founded Year
- 1993
- Funding
- $41M
- Location
- Palo Alto (United States)
- Investors
Morgan Stanley, Adams Street Partners
and7 Others
- Stage
- Series B
- Tracxn Score
- 63/100What is this?
Integral provides cloud-based trading software for financial institutions to trade in capital markets. It offers solutions for liquidity management, distribution & risk management, and more. It offers a workflow management solution to maintain OCX which is a forex OTC exchange. It provides tools to bring forex market participants into a single integrated network of liquidity.
7. Currencies Direct
Online cross-border remittance platform for individuals and businesses
- Founded Year
- 1996
- Funding
- $184M
- Location
- London (United Kingdom)
- Investors
Hermes GPE, Blackstone
and2 Others
- Stage
- Acquired
- Tracxn Score
- 62/100What is this?
Online cross-border remittance platform for individuals and businesses. It enables users to send and receive money globally. Users can select multiple currencies for sending and receiving. Users must add the required details and transfer the money to the platform using payment cards or online transfers. The application is available on Android and iOS platforms.
8. FairFX
Multi-currency travel cards
- Founded Year
- 2007
- Investors
Herald Investment Management, William Currie Group
and3 Others
- Location
- London (United Kingdom)
- Tracxn Score
- 56/100What is this?
- Stage
- Public
FairFX offers multi-currency travel cards to consumers and businesses. It offers services such as cash withdrawal, in-store payments, online payments, money transfers, currency exchange, and more. It also provides an app-based platform for recharging the card and managing the transactions. App is available on iOS and Android devices.
9. Xe
Currency and foreign exchange platform
- Founded Year
- 1993
- Stage
- Acquired
- Location
- Newmarket (Canada)
- Tracxn Score
- 55/100What is this?
XE.com provides online foreign exchange tools and services like currency converter, exchange rate and money transfer. The company also provides commercial currency data feed (XE Data Feed) and foreign exchange service (XE Trade). As of early 2013, independent ranking site Alexa ranks XE in the top 500 of all sites worldwide by traffic, and a top 100 traffic site in Ireland, South Africa, and the UAE. The company was acquired by Euronet Worldwide, which is an electronic payments provider, in 2015.
10. Xend Finance
Defi savings platform for credit unions and cooperatives
- Founded Year
- 2019
- Funding
- $2M
- Location
- Lagos (Nigeria)
- Investors
HashKey, NGC
and11 Others
- Stage
- Seed
- Tracxn Score
- 54/100What is this?
Defi savings platform for credit unions and cooperatives. It enables users to invest and save on stable currencies, stake savings on Defi networks, interest on tokens, and more. It features cross-chain communication with blockchain.
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Competitor Analysis of Western Union
How much funding have Western Union's competitors raised?
Western Union
's competitors have raised a total of
$1.7B
funding across 102 funding rounds
. See the distribution of funded competitors of
Western Union
below.
Company name | Total Funding | Founded Year |
---|---|---|
Wise | $1.03B | 2011 |
TransferGo | $109M | 2012 |
Rewire | $62M | 2015 |
CurrencyFair | $23.1M | 2010 |
Remessa Online | $21.5M | 2016 |
Frequently asked questions about Western Union's competitors
Where does Western Union rank among its competitors?
Western Union
ranks
6th among
713
competitor
s
.
Competitor
s
include Wise,
Rewire and
TransferGo
How many competitors does Western Union have?
Western Union
has 713 competitors, of which 571 are active
, 45 are funded and 22 have exited
.
Who are the newest competitors of Western Union?
The newest competitor
s
of
Western Union
are
SwapZone,
Zing and
Primeturks Reserve Bank of Turkey.
1.8M+
Entities
1,800+
Feeds
40K+
Taxonomy Nodes
1,000+
Reports every quarter
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