MagmaSend
MAGMA caters to the African diaspora and businesses in providing seamless, instant and low cost crossborder transfers
24 employees · est. 2021 · Abidjan, Cote D'ivoire (ivor...
The Money Cloud Ltd
A UK based market maker with global ambitions. An FX management & execution platform for SMEs and individuals
4 employees · est. 2014 · London, United Kingdom
The Money Cloud Ltd is the older company (2021 vs 2014); MagmaSend is the larger of the two.
Side-by-Side Comparison
| Metric | MagmaSend | The Money Cloud Ltd |
|---|---|---|
| Founded | ||
| Founded | 2021 | 2014 older |
| Headquarters | ||
| Headquarters | Abidjan, Cote D'ivoire (ivory Coast) | London, United Kingdom |
| Employees | ||
| Employees | 24 larger | 4 |
| Industry | ||
| Industry | Finance, Financial Services, Banking | Finance, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Not tracked yet | Seed |
| Total Funding | ||
| Total Funding | Not tracked yet | $150.00K |
| Funding Rounds | ||
| Funding Rounds | Not tracked yet | 2 |
| Services | ||
| Services | Not tracked yet | Not tracked yet |
| Target Customers | ||
| Target Customers | Not tracked yet | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Crossborder Transfers, Money Transfer Operator, Financial Technology, API Integration, Mobile Payments, Payment Infrastructure, Seamless Transactions, Aggregator, Instant Transfers, Low-cost Transfers | FX Management, Forex Trading, Digital Platform, International Payments, SME Solutions, API Integration, Financial Aggregation, Real-Time Pricing, Transaction Management, Currency Exchange, Payment Solutions, User-Friendly Financial Tools, Financial Services Access |
| Website | ||
| Website | magmasend.com | themoneycloud.com |
About MagmaSend
MagmaSend is a financial technology startup founded in 2021 that aims to revolutionize the cross-border payment experience for the African diaspora and businesses. The company's slogan "MAGMA caters to the African diaspora and businesses in providing seamless, instant and low cost crossborder transf...
About The Money Cloud Ltd
The Money Cloud Ltd, founded in 2014 and headquartered in the United Kingdom, targets the intersection of Finance, Financial Services, Fintech, and Payments. Their slogan, "A UK based market maker with global ambitions. An FX management & execution platform for SMEs and individuals," reflects their...
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Funding, hiring, leadership and stack changes at MagmaSend and The Money Cloud Ltd — by email.
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Compiled from the BounceWatch company index. We last looked at MagmaSend on 28 Oct 2024, and The Money Cloud Ltd on 3 Jul 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.