SingX Company Research Report

Company Overview

• Name: SingX Pte Ltd

• Mission: To make international payments affordable and seamless for both businesses and consumers while maximizing efficiency and minimizing cost.

• Founded: 2014 by a group of ex-bankers

• Key People:

• Atul Garg, Principal Founder & CEO

• Deepika Deshpande, Chief Operating Officer

• Sanjiv Malhotra, Consumer Banking and Payments Business Leader

• Rajkumar Muthuswami, Chief Architect

• Scott Dale, Hong Kong Representative

• Tony Leung, Australia Representative

• SreeKrishnaa Srikanthan, Head of Digital Marketing

• Shefali Garg, Head of Marketing

• Binu Gopinathan, Head of Compliance

• Vineet Nagrani, Founder

• Kula Kulendaran, Founder

• Headquarters: 138 Cecil Street, #04-01 Cecil Court, Singapore 069538

• Number of Employees: 51-200 employees

• Revenue: No information is available.

• Known For: Specializes in cross-border payments, offering cheaper, faster, and more convenient payment solutions using digital platforms.

Products

Global Money Transfers

• Description: Provides global money transfer services to over 180 countries worldwide, supporting various currencies.

• Key Features:

• Same-day transfers

• Transparent fees with live exchange rates

• Advanced authentication systems to ensure safety

SingX Wallet

• Description: A personal digital wallet to top-up once and utilize for various transactions.

• Key Features:

• Convenient top-up mechanism

• Mobile top-ups and bill payments

• Instant use for international transfers

Business Solutions

• Description: Comprehensive solutions for SMEs and corporates to manage international payment needs.

• Key Features:

• Mass Payment Solutions for salaries and supplier payments

• Guaranteed savings on transactions

• Automated payout solutions

Solutions for Banks and Payment Intermediaries

• Description: White labeled solutions and APIs for banks and intermediaries to facilitate digital payments.

• Key Features:

• API integrations

• Global payout network

• Flexible and easy-to-integrate solutions

Recent Developments

• New Products Launched:

• SingX Wallet for multiple overseas transfers and utility payments.

• Dedicated virtual accounts for traders to streamline international payments.

• New Features Added to Existing Products:

• Implementation of real-time global payment capabilities.

• Enhanced security with compliance expertise to ensure safe transactions.

• New Partnerships:

• SingX has returned capital to its early investors, endorsing profitability and sustainability within the company.

• Participated as exhibitors in the Singapore Fintech Festival to showcase their innovative solutions.

Conclusion

SingX Pte Ltd stands out in the financial services industry by offering cutting-edge technology-driven solutions that cater to various cross-border payment needs. Their focus on innovation, reliability, and customer satisfaction has helped them establish a strong presence in the global market. With strategic partnerships and a robust management team, SingX continues to build its reputation as a leader in the fintech and payments landscape.