Western Union - 571 Competitors and alternatives in Jun 2024 - Tracxn (2024)

Most viewed in 2019

You are

being shown a subset of the data for this profile.

Western Union - 571 Competitors and alternatives in Jun 2024 - Tracxn (1)

Provider of remittance services

Last updated:

Claim ProfileSuggest Edits

  • Request page removal

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.

Western Union - 571 Competitors and alternatives in Jun 2024 - Tracxn (13)

Get competitors list of Western Union, delivered to your inbox!

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.

View details of Western Union competitors

Western Union - 571 Competitors and alternatives in Jun 2024 - Tracxn (24)

Get competitors list of Western Union, delivered to your inbox!

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

View all Western Union Competitors here

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

Tracxn is designed with precision for

Venture CapitalsPrivate EquitiesInvestment BanksInnovation Teams

Find what suits youSee pricing plans

Start using Tracxn for freeSign up now

Founder of this company?Claim this profile

Have other questions?Get in touch

Explore our recently published companies

  • Epapa - Berlin based, 2023 founded, Funding Raised company
  • Sendline - Wenatchee based, 2019 founded, Unfunded company
  • - Verwood based, 2021 founded, Unfunded company
  • PRVO HRVATSKO PIVO 1664 - Zagreb based, 2010 founded, Unfunded company
  • SLING - Shaoxing based, 2004 founded, Public company
  • Wuhu Fusai Technology - Wuhu based, 2006 founded, Public company
Western Union - 571 Competitors and alternatives in Jun 2024 - Tracxn (2024)

References

Top Articles
Latest Posts
Article information

Author: Melvina Ondricka

Last Updated:

Views: 5881

Rating: 4.8 / 5 (48 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.