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Xela

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Cross-border remittance app enabling low-cost, fast money transfers.

Overview

Xela functions as a cross-border remittance solution, featuring a mobile application that facilitates low-cost and rapid money transfers. The service is aimed at individuals who send funds to family and friends in their countries of origin. Users can input transfer amounts and see the corresponding amounts that recipients will receive. The application is available for free on major app stores and complies with legal regulations in various countries, suggesting that it has established partnerships with financial institutions and payment processors. Xela addresses the demand for cost-effective and efficient remittance services.

Key facts

Founded
2022
Headquarters
Santiago, Chile
Sector
Payments

Business model

Contact

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About Xela

What does Xela do?

Xela functions as a cross-border remittance solution, featuring a mobile application that facilitates low-cost and rapid money transfers.

Where is Xela headquartered?

Xela is headquartered in Santiago, Chile.

When was Xela founded?

Xela was founded in 2022.

Which sector is Xela in?

Xela operates in Payments, part of Financial Technology.

Who are Xela's competitors?

Companies similar to Xela include Xbaht, EMQ SEND, and PiRemit.