About Xare
Xare is a company based in Dubai (United Arab Emirates) founded in 2020 by Mandeep Singh and Padmini Gupta.. Xare has completed 1 acquisition, including Rive. Xare offers products and services including Xare App, Xare Cards, and Xare One Click Checkout. Xare operates in a competitive market with competitors including Wise, Intermex, CurrencyFair, 2C2P and Remessa Online, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Mandeep Singh, Padmini Gupta
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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
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Xare
Xare offers a comprehensive portfolio of products and services, including Xare App, Xare Cards, and Xare One Click Checkout. 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.
App for creating and sharing virtual cards for secure payments
Virtual cards for instant global shopping and money sharing
Feature for quick online purchases across global stores
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Leadership Team
2 people
Legal and Compliance
1 people
Co Team
1 people
Software Development Team
1 people
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Funding Insights of Xare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Xare
Xare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rive. 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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Rive is recognized as an all-in-one financial companion app.
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2022 |
| 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 - Xare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Xare Comparisons
Competitors of Xare
Xare 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, Intermex, CurrencyFair, 2C2P and Remessa Online, 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 remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
Payment processing solutions for businesses
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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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 Xare
Frequently Asked Questions about Xare
When was Xare founded?
Xare was founded in 2020.
Where is Xare located?
Xare is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Xare?
Padmini Gupta is the current CEO of Xare. They have also founded this company.
What does Xare do?
Global payments platform for individuals businesses. It allows users to send, receive, and make payments across borders using credit debit cards and bank transfers. Businesses can make international employees, manage business expenses, and settle global suppliers.
Who are the top competitors of Xare?
Xare's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Xare offer?
Xare offers Xare App, Xare Cards, and Xare One Click Checkout.
How many acquisitions has Xare made?
Xare has made 1 acquisition, including Rive.