About LumoXchange
LumoXchange is a company based in New York (United States) founded in 2015 by Mafoday Sonko. It operates as a B2C. LumoXchange has raised $583.79 thousand across 3 funding rounds from investors including FIS. LumoXchange operates in a competitive market with competitors including ExchangeNow, RemitFinder, Gelt Giro, Monito and CurrencyTransfer, among others.
- Headquarter New York, United States
- Founders Mafoday Sonko
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$583.79 K (USD)
in 3 rounds
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Latest Funding Round
$83.79 K (USD), Seed
May 28, 2019
- Investors
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Employee Count
Not available
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Funding Insights of LumoXchange
LumoXchange has successfully raised a total of $583.79K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $83.79 thousand completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in LumoXchange
LumoXchange has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FIS.
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Software suites for banks and financial institutions are provided.
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Investor details for LumoXchange
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Investments & Acquisitions by LumoXchange
Investment portfolio details for LumoXchange
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Financial Statements - LumoXchange
Detailed financials for LumoXchange
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Lumoxchange Comparisons
Peer comparison for LumoXchange
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Competitors of LumoXchange
LumoXchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ExchangeNow, RemitFinder, Gelt Giro, Monito and CurrencyTransfer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based marketplace for cross-border remittance and currency exchange
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Platform for comparing remittance service providers.
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Provides tips on remittances, employment, and adapting to life in Spain.
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International remittance rates are compared online across operators.
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Compare and transfer money across borders.
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Provides an online platform for comparing remittance rates to India.
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Detailed competitors of LumoXchange
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Latest news on Lumoxchange
Complete news archive for LumoXchange
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Frequently Asked Questions about LumoXchange
LumoXchange was founded in 2015 and raised its 1st funding round 1 year after it was founded.
LumoXchange is headquartered in New York, United States. It is registered at New York, New York, United States.
LumoXchange is a funded company, having raised a total of $583.79K across 3 funding rounds to date.
LumoXchange a marketplace platform for secure remittances across africa, focusing on offering financial products and advice, innovating financial technology, facilitating payment transactions, and remittances. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
LumoXchange's top competitors include ExchangeNow, Monito and CurrencyTransfer.
LumoXchange has 1 investor. Key investors include FIS.