About Transact24
Transact24 is a company based in Hong Kong (China) founded in 2006 was acquired by NET1 in January 2016. Transact24 operates in a competitive market with competitors including Airwallex, Fisherman Kaka Information Technology, PearlPay, Shanghai Yinshang Information and Cashyper, among others.
- Headquarter Hong Kong, China
- SectorsFinancial Services
- Website transact24.com
- Social LinkedIn
- Acquired by NET1 (Jan 2016)
Investors in Transact24
Transact24 has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Net1.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment processing solutions are offered for businesses in developing economies. | 1989 | net1.com | Johannesburg, South Africa |
Investor details for Transact24
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Timeline of Transact24
2 dated milestones of Transact24 across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Transact24 is founded.
- Exit Acquired by NET1.
Competitors of Transact24
Transact24 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 Airwallex, Fisherman Kaka Information Technology, PearlPay, Shanghai Yinshang Information and Cashyper, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airwallex.com | 2015 | Singapore | $1.25B | – | Cross-border payments are processed for businesses via tools and APIs. | |
| yfk.cn | 2006 | Shanghai, China | $2.4M | – | White-label prepaid cards | |
| pearlpay.com | 2015 | Makati, Philippines | – | – | Software solutions for the banking industry | |
| upcard.com.cn | 2004 | Shanghai, China | – | – | Reloadable prepaid cards and lifecycle management are provided for merchants. | |
| cashyper.com | 2015 | Shanghai, China | $3M | – | Manufacturer of white-label prepaid cards for businesses. | |
| cardoro.io | 2020 | Hong Kong, China | – | – | Provides comprehensive white-label prepaid card solutions for businesses. | |
| moonbapay.com | 2014 | Shenzhen, China | – | – | Provides cross-border payment acceptance and forex cards for businesses. |
Detailed competitors of Transact24
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- Full competitor set
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Similar companies to Transact24
10 companies that operate in the same segment as Transact24 (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 1.03 B | USD 2.71 B | – | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore | USD 1.9 B | – | 1 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 548.49 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | – | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – |
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Frequently Asked Questions about Transact24
Transact24 was founded in 2006.
Transact24 is headquartered in Hong Kong, China.
Transact 24 provides payment and card processing services for businesses. Its services include ACH Payment Processing, Alipay Gateway solution, Card Payment Processing, China UnionPay Processing, White Label Platform for Prepaid Cards (including T24 Black card, T24 Pay Vault, T24 Black Shield and T24 China UnionPay), Travel insurance and virtual prepaid cards. It offers prepaid cards with multi-currency payment system.
Transact24's top competitors include Airwallex, Fisherman Kaka Information Technology and PearlPay.
Transact24 has 1 investor. Key investors include Net1.
Yes. Transact24 was acquired by NET1 in January 2016.