TranSwap takes aim at remittance business

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The Business Times

TranSwap stands out by standing up for small and medium enterprises (SMEs).

“The company… burnished its credentials as an SME specialist by joining as a value-added service provider on the Singapore government’s Networked Trade Platform (NTP) for import and export companies… (TranSwap obtained) its remittance licence in Hong Kong in 2016, and in Singapore in July last year… Individuals and companies can transfer funds in the local currency or US dollars to some 45 countries spanning Europe, Australia and Asia, as well as the United States. TranSwap has about US$1.2 million in initial funding, including… from venture capital firm Quest Ventures.”

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