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Wallex (by M-DAQ) logo — World Without Currency Borders

Wallex (by M-DAQ)

World Without Currency Borders

Founded 2015 Singapore Singapore 115 employees Series A Financial Services, Fintech

General Information

Company Name Wallex (by M-DAQ)
Founded Year 2015
Location Singapore Singapore
Employees 115
Industries Financial Services, Fintech
Funding Stage Series A
Business Model B2B, API, Platform
Revenue Model Transaction Fee, Usage Based, Service Fee
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About Wallex (by M-DAQ)

Wallex, a division of M-DAQ Global, is a pioneering player in the Financial Services and Fintech sectors, headquartered in Singapore. Its slogan, "World Without Currency Borders," aptly captures the essence of its service: facilitating seamless cross-border transactions for businesses across Asia.

Founded in 2015, Wallex has established a robust and secure online platform that enables customers to manage foreign exchange and payment operations independently and efficiently. Customers can transact in 47 currencies and collect payments in 35 currencies, showcasing the platform's extensive reach and capability.

The last significant funding round for Wallex was its Series A investment, which took place on 10 June 2020. This round featured contributions from notable investors, including BAce Capital, Skystar Capital, and SMDV. As a startup, Wallex offers substantial potential for growth in the ever-expanding fintech landscape, making it a compelling prospect for further investment.

Business keywords: Cross-Border Payments, Foreign Exchange, FX Solutions, Payment Solutions, Business Transacting in Asia, B2B Platform, SME Solutions, Fintech Solutions, Currency Conversion, Payment Processing, International Transactions, Cash Management, Virtual Accounts, Competitive Exchange Rates, Digital Wallet

Services & Products

Cross-Border Payment Solution
International Collections
Multi-Currency Wallet Services
FX Conversion
API for Fintech Integration

Target Customers

High Growth Businesses Fintech Companies Global Businesses Business Account Holders International Traders

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A Undisclosed 3
BAce Capital Skystar Capital SMDV
BAce Capital, Skystar Capital +1
10 Jun 2020
Seed Round Undisclosed 3
Beenext Capital Central Capital Ventura Indonusa Dwitama
Beenext Capital, Central Capital Ventura +1
12 Oct 2018

Wallex (by M-DAQ) Alternatives & Competitors

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Wallex (by M-DAQ) vs
Valiu
Valiu Mexico

La forma rápida y transparente de operar divisas.

Seed
31 employees
Crypto, Finance
Wallex (by M-DAQ) vs
Currenxie
Currenxie Hong Kong S.a.r.

Global payments simplified

Series A
74 employees
Financial Services, Fintech
Wallex (by M-DAQ) vs
Wise
Wise United Kingdom

160+ countries. 40+ currencies. Money for here, there and everywhere.

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11852 employees
Finance, Financial Services
View all alternatives

FAQ About Wallex (by M-DAQ)

World Without Currency Borders
Wallex (by M-DAQ) was founded in 2015.
Wallex (by M-DAQ) is headquartered in Singapore.
Wallex (by M-DAQ) operates in Financial Services and Fintech. Its work centres on Cross-Border Payments, Foreign Exchange, FX Solutions and Payment Solutions. Its customers include High Growth Businesses, Fintech Companies and Global Businesses.
Wallex (by M-DAQ) has a B2B, API and Platform business model. Its revenue comes from Transaction Fee, Usage Based and Service Fee.
Wallex (by M-DAQ) has approximately 115 employees.
Wallex (by M-DAQ) has completed 2 funding rounds. The latest funding stage is Series A.
Wallex (by M-DAQ) offers: Cross-Border Payment Solution, International Collections, Multi-Currency Wallet Services, FX Conversion, API for Fintech Integration.
Top alternatives and competitors to Wallex (by M-DAQ) include Valiu, Currenxie, Wise, Hedgewiz, Verto. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Wallex (by M-DAQ) and Valiu are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Wallex (by M-DAQ), https://bouncewatch.com/company/wallex, updated 8 April 2026. When citing, please name BounceWatch and link this page.

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