Thirty notable businesses leading the charge in international payment transfers
In an exciting development, our platform has launched the Most Promising Cross-Border Payments Companies for 2023 guide. This list, separate from the top 100 list, highlights 30 companies that have shown significant growth in the cross-border payments industry.
The companies on this list have been chosen based on their innovative technologies, untapped markets, or effective growth strategies. They are primarily or largely focused on cross-border payments, with a substantial revenue line from this service. The list includes companies from various sectors such as remittances, payment processors, and B2B.
One of the standout companies on the list is Airwallex, a global fintech company founded in 2015. Airwallex offers multi-currency accounts, international payments, expense management, and embedded finance with operations in 130+ countries. It raised $200 million in Series F funding in 2023 and serves over 100,000 businesses globally.
Ant International, recognized in CNBC’s World’s Top FinTech Companies 2025 list under Payments, is another notable company on the list. It provides cross-border digital payments, commerce, and finance solutions, connecting over 100 million merchants globally through units like Alipay+, Antom, and WorldFirst.
Trade Republic, while primarily a neobank focused on commission-free trading, is part of the fintech ecosystem closely related to cross-border investment and payments. With a valuation of $5.4 billion as of 2022 and 8 million users, it is a significant player in the cross-border payments industry.
MoneyGram, a well-known name in the remittance sector, is also on the list. The company has been adopting stablecoins like USDC for cross-border remittances and expanding digital wallet solutions, indicating a move towards innovative cross-border payment capabilities.
Other notable mentions include providers integrating stablecoins into cross-border solutions such as OpenPayd.
The CEO and Founder of our platform, Daniel Webber, made a statement about this publication, expressing his excitement about the companies on the list and their potential to shape the future of cross-border payments.
It's important to note that the companies on the list are not just start-ups, unless they are spin-outs from established players. They must be demonstrating growth, which may be shown through increased product offerings, a rise in clients, or additional hires.
This is an annual market map recognizing 30 new market entrants showing significant growth in the cross-border payments industry. The guide for the Most Promising Cross-Border Payments Companies can be read on our platform.
- Many of the companies on the list, such as Airwallex, Ant International, Trade Republic, and MoneyGram, primarily operate in the finance sector, with a substantial revenue line from cross-border payments services.
- Trade Republic, despite being primarily a neobank focused on commission-free trading, is considered a significant player in the cross-border payments industry due to its close relation to cross-border investment and payments.
