Tranglo

Established in 2008 by serial entrepreneur Sia Hui Yong, Tranglo operates as a cross-border payment hub headquartered in Kuala Lumpur, Malaysia. The company originated to address the demand for international mobile top-ups, specifically for migrant workers. Recognizing persistent issues in cross-border payments such as slow speeds and high costs, Tranglo expanded its services. By 2015, cross-border payments became its primary business focus. A significant milestone occurred in 2018 when TNG Fintech acquired a 60% stake, which is now held by the Nasdaq-listed Currenc Group Inc. In 2021, Ripple, a prominent enterprise blockchain company, acquired the remaining 40% to broaden the reach of its On-Demand Liquidity (ODL) service, which utilizes the XRP digital asset.

Tranglo's business model centers on providing a unified platform for global payment solutions, generating revenue through transaction fees. The company serves a diverse client base that includes money service businesses, financial institutions, merchants, and e-commerce traders. Its core offerings are structured into three main products. Tranglo Connect provides a single API for money service businesses to access a global payout network. Tranglo Business is an all-in-one solution for corporates to manage international payments, featuring FX management, multi-currency support, and AI-assisted compliance screening. Tranglo Recharge facilitates international airtime top-ups, mobile recharges, and bill payments. The company's platform integrates with partners' systems, deducting fees from a partner's e-wallet for each successful transaction.

Strategically, Tranglo leverages its comprehensive network, which spans over 100 countries and includes thousands of payout partners, to offer extensive global coverage without requiring clients to establish a physical presence in each market. The partnership with Ripple enhanced its service offerings by integrating blockchain technology for faster and more secure transactions. The company processed a transaction value of USD 24.1 billion by 2024 and continues to expand its geographic footprint, particularly in Africa. Tranglo's growth from a niche airtime reload provider to a major payment hub was driven by identifying and solving inefficiencies in the international remittance market, a journey supported by key strategic investments and acquisitions.

Keywords: cross-border payments, payment hub, remittance, financial technology, B2B payments, mobile top-up, global payout, money transfer, payment processing, Sia Hui Yong, Ripple, Currenc Group, payment gateway, foreign exchange, API integration, mass payout, payment collection, international airtime, digital payments, fintech Malaysia