# Transfez

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transfez

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: www.transfez.com
- Total disclosed funding: $1M
- Latest round: Seed (Apr 29, 2021)
- Investors on record: 2

## About

Transfez is a financial technology platform that specializes in secure international money transfers, catering to individuals and businesses needing efficient cross-border remittance solutions.Founded in 2020, Transfez is headquartered in Jakarta, Indonesia. The company focuses on international money transfers and completed its Seed funding round on April 29, 2021, raising USD 1.00 mn from investors including BEENEXT and East Ventures. The current company valuation is USD 4.22 mn. CEO Edo Windratno leads the company, which has engaged in a total of 1 funding deal to date.Transfez, developed by PT Indo Koala Remittance, is a financial technology platform that specializes in international money transfers. Its core offering is a secure application that facilitates fund transfers to various countries, addressing the need for quick remittances. The service primarily targets expatriates and individuals needing to send money across borders, supporting families and businesses that rely on timely financial assistance. Transfez operates in compliance with regulations set forth by Bank Indonesia and PPATK, ensuring adherence to anti-money laundering and terrorism financing laws, and serves clients across Southeast Asia and other global markets.Transfez generates revenue primarily through transaction fees for international money transfers. Clients incur a fee with each transaction, contributing to the company's income in a B2C framework. While specific pricing plans are not disclosed, fees scale based on transaction amounts and destination countries. The company’s revenue is bolstered by institutional partnerships that enhance operational legitimacy and service offerings, coupled with a user-friendly application that promotes steady transaction flow and customer engagement.In May 2021, Transfez raised USD 1.00 mn in Seed funding, co-led by East Ventures and BEENEXT, aimed at product development and market penetration. Currently operating in the B2C segment, Transfez offers money transfer services to 26 currencies in over 50 countries and plans to extend its services into the B2B payment sector in the near future.

## Funding rounds

- Seed, Apr 29, 2021, $1M — East Ventures, BEENEXT

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed