# Tranglo Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tranglo-sdn-bhd

- Industry: Software
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.tranglo.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Oct 21, 2010)
- Investors on record: 1

## About

Based in Malaysia, Tranglo Sdn. Bhd. operates as a payment solutions provider, specializing in cross-border transactions through its innovative digital platforms.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. The company has engaged in five significant deals, with the latest funding round being a TRADE SALE, raising MYR 114.90 mn. The current CEO is Jacky Ca, who leads the company's initiatives to expand its operations.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. The company primarily serves a wide range of clients, including money service businesses, retailers, and telecommunications firms, with a robust presence in over 100 countries, including but not limited to regions like Southeast Asia, the Middle East, and Europe.As of 2023, Tranglo generated revenue of MYR 31,587,989.90, with an EBITDA of MYR 4,152,242.60. The company earns revenue through transaction fees associated with its payment processing services, leveraging partnerships with various payout partners and businesses. This includes commissions from each transaction processed via its platform, and potential subscription fees for access to its API and partner portal, helping clients benefit from cost-effective transfer solutions.Tranglo aims to expand its product offerings and geographical reach. Following its most recent deal in March 2021, which involved Ripple Labs Inc., 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.

## Funding rounds

- Seed, Oct 21, 2010, $1.6M — Jelawang Capital

## Investors

- Jelawang Capital (https://capitalatlas.ai/funds/jelawang-capital) — Seed