About UAE Exchange
UAE Exchange is a company based in Abu Dhabi (United Arab Emirates) founded in 1980 was acquired by Wizz Financial in September 2021.. UAE Exchange has completed 1 acquisition, including Remit2India. UAE Exchange operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter Abu Dhabi, United Arab Emirates
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$890 M (USD), Debt – Conventional
Dec 01, 2015
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Wizz Financial
(Sep 23, 2021)
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Funding Insights of UAE Exchange
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $890.0M
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First Round
First Round
(01 Dec 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Debt – Conventional - UAE Exchange | Valuation |
investors |
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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 UAE Exchange
UAE Exchange has secured backing from 1 investor. Prominent investors backing the company include Wizz Financial. 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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Private equity fund focused on multiple sectors
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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 UAE Exchange
UAE Exchange has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Remit2India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online money transfer service to India for NRIs
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - UAE Exchange
| 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 |
Uae Exchange Comparisons
Competitors of UAE Exchange
UAE Exchange 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, Azimo, Xoom and BookMyForex, 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 |
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated via banking networks.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
International money transfer service provider.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Uae Exchange
Frequently Asked Questions about UAE Exchange
When was UAE Exchange founded?
UAE Exchange was founded in 1980 and raised its 1st funding round 35 years after it was founded.
Where is UAE Exchange located?
UAE Exchange is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
What does UAE Exchange do?
UAE Exchange is a leading global money transfer and foreign exchange service provider. UAE Exchange has 7.9 million customers, worldwide, with more than 750 direct offices in 32 countries across five continents with banking relationship with over 150 global banks. UAE Exchange provides personal and corporate services, in remittances, travel tour cards , loyalty programs, bill payments , payroll solutions, corporate cash payouts. To transfer money, UAE Exchange offers various methods; direct to bank , DD deposit through Exchanges agents , instant money transfer;through its xpress money propriety, western union , money gram , nepal remit. UAE Exchange has also partnered with Visa ,Master card to provide service of money transfer directly to loved ones card.For the corporate remittance, services of direct to bank , DD and Associate Branch Transfer (ABT); instant money transfer facility, whereby transfer companys funds within UAE Exchanges branches and associates. UAE Exchange has propriety of UAE Exchange Travel offering tours and travel services.
Who are the top competitors of UAE Exchange?
UAE Exchange's top competitors include Azimo, Euronet Worldwide and NALA.
How many acquisitions has UAE Exchange made?
UAE Exchange has made 1 acquisition, including Remit2India.
Who are UAE Exchange's investors?
UAE Exchange has 1 investor. Key investors include Wizz Financial.
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