PEXX
2 known investors
PEXX is a financial app offering international money transfers, a USD virtual bank account (via SSB Bank with SWIFT, Fedwire, ACH, and RTP rails), stablecoin-linked debit cards, and yield accounts paying interest on USD, USDT, and USDC balances. It targets consumers making cross-border payments and payouts to 17+ countries across Asia and beyond, supporting local currency delivery and QR payments in markets like Indonesia, Vietnam, and the Philippines.
Also known as Pexx
Investors Β· 2
Company profile
researched Aug 2026PEXX operates a mobile financial application, distributed through the Apple App Store and Google Play Store, that bundles cross-border money transfers, a US dollar account, payment cards and a yield product into a single wallet. Users can fund a PEXX wallet with USD, USDT or USDC and send funds directly to bank accounts abroad, with live FX rates and fees displayed before the transfer and real-time tracking afterwards. The company states it supports payouts to 17+ countries β including India, Vietnam, the Philippines, China and the United States β in more than 20 currencies such as INR, VND, PHP, CNY, USD and EUR, delivered in local currency without requiring the recipient to hold a wallet. E-wallet transfers are not currently supported; payouts go to the user's own bank account or to third-party personal or business accounts depending on corridor.
The USD account, provided with SSB Bank, gives users US routing and account numbers without a US address, SSN or residency requirement, subject to level 1 KYC. It connects to SWIFT, Fedwire, ACH and RTP (Real-Time Payments) rails, with stated deposit timelines of 1-3 US business days for standard ACH, a few hours to one business day for Fedwire, and 1-5 business days for SWIFT. PEXX discloses that USD account balances are not FDIC-insured and are instead held with licensed partners.
PEXX also issues a debit card to any verified user β a virtual card provisioned within about a minute of a confirmed on-chain or bank deposit, and a physical card shipped internationally β which draws on both dollar and stablecoin balances. A separate earn product pays up to 4% APY on USD, USDT and USDC balances, with interest accrued daily on wallet balances and credited the next day in the same asset; the company describes the yield as pegged to US Treasury bill rates and backed by tokenized US Treasury instruments, with no minimum balance, lock-up or withdrawal penalty, and notes that principal is not FDIC-insured and carries market and counterparty risk. A QR scan-to-pay feature lets users pay merchants directly from the PEXX wallet in Indonesia, Malaysia, Singapore, Vietnam and the Philippines, with the merchant receiving local currency once the stablecoin payment confirms.
Business model
PEXX earns transaction-based revenue from consumer financial services: FX spreads and fees on cross-border transfers, a stated 0.6% platform fee on card transactions plus a 1.2% FX markup on non-USD purchases, and network fees on QR merchant payments. It also intermediates a yield product on USD and stablecoin balances tied to US Treasury bill rates.
Fees and spreads charged to end users β transfer fees and FX rates shown before sending, a 0.6% card platform fee, a 1.2% FX markup on non-USD card spend, and small network fees on QR payments; the company advertises no hidden fees or spreads on scan payments.
βΈFull profile β market position, technology, go-to-market, geography, risks & controversies
Market position
Positions itself as a stablecoin-native alternative to established remittance and money-transfer providers, explicitly benchmarking pricing against Wise and Western Union.
PEXX claims lower costs than Wise and Western Union through regulated liquidity partners and FX rates it describes as better than Google's, citing INR and VND routes priced 1.35% and 1.9% better than Wise. Other stated differentiators include a US dollar account accessible without US residency, a single card spanning fiat and stablecoin balances, no card spending limits, and yield with no minimums or lock-ups.
Technology
The product combines stablecoin rails (USDT and USDC deposits and settlement, on-chain deposit confirmation) with conventional banking rails through partner SSB Bank β SWIFT, Fedwire, ACH and RTP β plus card issuance on major payment networks and integrations into local merchant QR payment systems. The yield product is described as secured by tokenized U.S. Treasury bonds.
Go-to-market
Direct-to-consumer distribution via iOS and Android apps with self-serve onboarding using a passport or ID and a phone number; positioning centres on price comparisons against incumbent remittance providers and on instant card issuance.
Individuals making international transfers and holding or spending dollars and stablecoins outside the United States, including users without a US address, SSN or residency who want US banking details, and travellers or shoppers paying merchants via QR in Southeast Asia.
Geography
Payouts to 17+ countries including India, Vietnam, the Philippines, China and the United States; QR payments live in Indonesia, Malaysia, Singapore, Vietnam and the Philippines; physical cards shipped worldwide and accepted in 180+ countries; USD accounts openable from any country.
Risks & controversies
The company discloses that USD account deposits are not FDIC-insured and that funds in its interest account, while backed by low-risk U.S. Treasury bills, remain exposed to market and counterparty risk. Yield rates are pegged to U.S. Treasury bill rates and may be adjusted as market conditions change. Transfers may be delayed up to one business day where compliance checks apply, and e-wallet payouts are not supported.
Compiled by commissioned research from 1 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 1
launches, deals, and filingsPEXX announced availability of its cards, with virtual cards issued in the app and physical cards shipped worldwide. The card spends from both USD and stablecoin balances and is accepted on major payment networks in 180+ countries.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 1
primary sources listed
- PEXXpexx.com Β· web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does PEXX do?
- PEXX is a financial app combining global transfers, a USD account, stablecoin debit cards and yield on USD, USDT and USDC.
- Who are PEXX's investors?
- PEXX's investors include LongHash Ventures, TNBAura.