About Sikhona
Sikhona is a company based in Cape Town (South Africa) founded in 2010 was acquired by Ria Money in November 2022.. Sikhona offers products and services including Send Money Service and Receive Money Service. Sikhona operates in a competitive market with competitors including Remitly, Euronet Worldwide, OFX, BookMyForex and Xoom, among others.
- Headquarter Cape Town, South Africa
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sikhona Forex
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 Sikhona
Sikhona offers a comprehensive portfolio of products and services, including Send Money Service and Receive Money Service. 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.
Platform for sending international funds securely.
Service for receiving funds via cash or bank.
Funding Insights of Sikhona
| 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 |
Investors in Sikhona
Sikhona has secured backing from 1 investor. Prominent investors backing the company include Ria Money. 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 |
|---|---|---|---|---|
|
Cross-border money transfers are enabled via a user registration platform.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sikhona
| 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 - Sikhona
| 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 |
Sikhona Comparisons
Competitors of Sikhona
Sikhona 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 Remitly, Euronet Worldwide, OFX, BookMyForex and Xoom, 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 money transfers are facilitated via banking networks.
|
|
| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
|
|
| domain | founded_year | HQ Location |
International money transfer service provider.
|
|
| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
|
| 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 Sikhona
When was Sikhona founded?
Sikhona was founded in 2010.
Where is Sikhona located?
Sikhona is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
What does Sikhona do?
Sikhona was founded in 2010 in Cape Town, South Africa, as a fintech platform focused on remittances. Cross-border transfers are supported through a mobile application available on Android and iOS. Users are allowed to send and receive funds internationally, pay bills, and handle purchases. Order tracking, personalized rate quotations, and beneficiary detail storage are provided as key features. Operations center on individual users in the global remittance sector.
Who are the top competitors of Sikhona?
Sikhona's top competitors include Azimo, Euronet Worldwide and NALA.
What products or services does Sikhona offer?
Sikhona offers Send Money Service and Receive Money Service.
Who are Sikhona's investors?
Sikhona has 1 investor. Key investors include Ria Money.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.