About Paxum
Paxum is a company based in Dollard-des-ormeaux (Canada) founded in 2007. It operates as a B2B, and B2C. Paxum offers products and services including Transfer Money, Receive Payments, Mass Payouts, and Paxum Prepaid Mastercard. Paxum operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter Dollard-des-ormeaux, Canada
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Paxum Bank Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Paxum
Paxum offers a comprehensive portfolio of products and services, including Transfer Money, Receive Payments, Mass Payouts, and Paxum Prepaid Mastercard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables sending funds via wire transfers worldwide.
Allows users to accept funds from others securely.
Facilitates bulk transfers to multiple clients efficiently.
Provides a card for ATM withdrawals and online purchases.
Funding Insights of Paxum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Paxum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Paxum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paxum Comparisons
Competitors of Paxum
Paxum 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 Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
|
|
| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Provider of remittance services
|
|
| domain | founded_year | HQ Location |
Payment processing solutions for businesses
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Paxum
When was Paxum founded?
Paxum was founded in 2007.
Where is Paxum located?
Paxum is headquartered in Dollard-des-ormeaux, Canada. It is registered at Dollard-des-ormeaux, Quebec, Canada.
What does Paxum do?
Paxum Bank Limited is a financial institution based in Dominica that facilitates wire transfers, EFT, and P2P payments for individuals and businesses. It enables secure fund management through a mobile app, supporting mass payouts and prepaid cards. The company processes transactions in over 50 countries and 20 currencies, ensuring efficient and reliable services for clients like freelancers and enterprises.
Who are the top competitors of Paxum?
Paxum's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Paxum offer?
Paxum offers Transfer Money, Receive Payments, Mass Payouts, and Paxum Prepaid Mastercard.