About Rextie
Rextie is a company based in Lima (Peru) founded in 2016. It operates as a FinTech, and Commission-Based. Rextie has raised $1.9 million across 2 funding rounds from investors including Citi and GRUPORPP. Rextie offers products and services including Online Currency Exchange, Rextie Business, and Rextie Factoring. Rextie operates in a competitive market with competitors including Tkambio, MidPointFX, Assessor and Tu Amigo Cambista, among others.
- Headquarter Lima, Peru
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rextie S.A.C.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.9 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Jul 20, 2023
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Investors
Citi
& 1 more
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Employee Count
Employee Count
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Products & Services of Rextie
Rextie offers a comprehensive portfolio of products and services, including Online Currency Exchange, Rextie Business, and Rextie Factoring. 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.
Currency exchange services are provided online for users.
Exclusive exchange rates are offered for business clients.
Factoring solutions are provided for business cash flow.
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Funding Insights of Rextie
Rextie has successfully raised a total of $1.9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in July 2023. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $500,000
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First Round
First Round
(29 Mar 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Rextie | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - Rextie | Valuation | GRUPORPP |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rextie
Rextie has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Citi and GRUPORPP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location | |
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Delivers news, entertainment, and advertising through radio and digital platforms in Peru.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rextie
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rextie
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rextie Comparisons
Competitors of Rextie
Rextie 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 Tkambio, MidPointFX, Assessor and Tu Amigo Cambista, 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 |
Online platform for secure currency exchange between USD and PEN in Peru.
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| domain | founded_year | HQ Location |
Online currency exchange is facilitated for consumers and businesses.
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| domain | founded_year | HQ Location |
Provides currency exchange, leasing, and financial advice for users in Peru.
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| domain | founded_year | HQ Location |
An internet-based platform providing efficient currency exchange services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rextie
Frequently Asked Questions about Rextie
When was Rextie founded?
Rextie was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Rextie located?
Rextie is headquartered in Lima, Peru.
Is Rextie a funded company?
Rextie is a funded company, having raised a total of $1.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Mar 29, 2022.
What does Rextie do?
Rextie is established as the leading online currency exchange platform in Peru. Operations are focused on providing secure, fast, and reliable currency exchange services for both individuals and businesses. Solutions include instant transfers across all banks in Peru, exclusive exchange rates for businesses through Rextie Business, and factoring services. The platform serves a wide range of clients, with over 7 billion USD exchanged and a client base exceeding 250,000. Emphasis is placed on transparency and customer trust within the financial sector.
Who are the top competitors of Rextie?
Rextie's top competitors include MidPointFX, Tkambio and Assessor.
What products or services does Rextie offer?
Rextie offers Online Currency Exchange, Rextie Business, and Rextie Factoring.