Tranglo Sdn. Bhd.

Based in Malaysia, Tranglo Sdn. Bhd.Founded in 2008, Tranglo Sdn. Bhd. is headquartered in Kuala Lumpur, Malaysia. The company focuses on providing integrated payment solutions and has undergone strategic pivots to enhance its offerings over the years. Notably, in March 2021, Ripple Labs Inc. acquired a 40% minority stake in Tranglo to bolster its presence in the Asian market.90 mn.Tranglo’s core offerings include Tranglo Connect, Tranglo Business, and Tranglo Recharge, which facilitate seamless cross-border payment solutions. Tranglo Connect serves as a unified connection to a global money transfer network, enabling customers to send and receive payments reliably across various international markets. Tranglo Business is tailored for non-payment providers and merchants, allowing them to securely manage cross-border fund transfers. Meanwhile, Tranglo Recharge focuses on international airtime top-ups, mobile recharge, and bill payments, catering to diverse customer needs.60. The company earns revenue through transaction fees associated with its payment processing services, leveraging partnerships with various payout partners and businesses.Tranglo aims to expand its product offerings and geographical reach., the company plans to leverage this partnership to meet rising customer demand in the Asian region. The investment will support the development of new products, including enhancements to existing services and potential new features in its digital payment solutions. The company is strategically targeting market expansion into Southeast Asia and the Middle East by the end of 2024.

1. Seed

   Oct 21, 2010

   Amount

   $1.6M

   Investors

   Locked