4xLabs Pte Ltd
4xLabs is a financial technology firm headquartered in Singapore and incorporated in 2011.[1] It develops software for financial institutions such as money changers[2], remittance companies, banks, and professional services.
| Private Limited | |
| ISIN | 🆔 |
| Industry | Financial Technology |
| Founded 📆 | |
| Founder 👔 | Chris Vanden Berghe |
| Headquarters 🏙️ | , Singapore |
Area served 🗺️ | Worldwide |
| Products 📟 | Biz4x, Get4x, Send4x |
| Services | Compliance, Market Data, Risk Management, Point-of-Sale System, Wholesale Trading, Currency Exchange, Remittance, Price Comparison |
| Members | |
Number of employees | 20 |
| 🌐 Website | 4xlabs.co |
| 📇 Address | |
| 📞 telephone | |
Products
4xLabs launched its first product, Get4x, in 2012.[3] Get4x is a mobile application for comparing money changer rates in Singapore. The service has since expanded to Malaysia, Indonesia[4], Hong Kong[5], Thailand, India[6], the UAE, and Australia[7]. Get4x allows money changers to display their rates online, enabling travelers to book these rates.[8]
In 2017, 4xLabs launched Biz4x, a business management platform for money services businesses[9], providing market and compliance data[10], a point-of-sale system, wholesale banknotes trading[11], and connecting financial institutions to new customers through digital channels like Get4x.[12] Biz4x was developed in consultation with the money changer community, as regulations regarding anti-money laundering and counter-terrorist financing were becoming stricter.[13]
In 2019, 4xLabs launched Send4x, a platform to compare remittance rates.[14] It partners with money transfer providers such as Azimo, InstaRem, OrbitRemit, SendFX, TransferWise, and WorldFirst.[15] The platform covers over 9000 corridors from 45 sending countries.
Investors
4xLabs has received funding from Dymon Asia Ventures[16], and OSK Ventures International.[17]
Nominations
4xLabs was a finalist in the inaugural Singapore Fintech Awards 2016.[18] Tech in Asia listed it among the startups to watch in Asia for two consecutive years, in 2016 and 2017, for its Get4x service.[19][20] In 2018, 4xLabs joined the World Economic Forum on ASEAN: ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution.[21] In 2019, 4xLabs was shortlisted as a top 10 finalist in the FIN/SUM Startup Pitch in Japan[22] and a top 40 finalist in the 2019 Fintech Awards.[23][24][25]
References
- ↑ "Fintech start-up 4xLabs raises US$1.5m in new funding". The Straits Times. 2017-05-16. Retrieved 2019-07-16.
- ↑ "Looking beyond the hype at fintech in Southeast Asia". TechCrunch. Retrieved 2019-07-16.
- ↑ Chng, Grace; Feb 16; 2013. "Get4X rates with new smartphone app". www.asiaone.com. Retrieved 2019-07-16.
- ↑ Lossini, J. (2016-07-09). "Homegrown 4xLabs expands into Malaysia and Indonesia". The Business Times. Retrieved 2019-07-16.
- ↑ "O2O money changer app Get4x aims to ease Hongkongers' currency exchange woes". South China Morning Post. 2016-05-05. Retrieved 2019-07-16.
- ↑ "Currency exchange rate aggregator get4x lands in 3 new cities; allows users to order currency". e27. Retrieved 2019-07-16.
- ↑ "Fintech start-up 4xLabs raises US$1.5m in new funding". The Straits Times. 2017-05-16. Retrieved 2019-07-16.
- ↑ "4xLabs, Moneybay in cross-border collaboration in physical FX market". Digital News Asia. 2017-06-29. Retrieved 2019-07-16.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2019-07-16.
- ↑ Ashar, Jay (4 Oct 2019). "Top 10 anti money laundering software (AML) Software". FinancialDirector. Retrieved 8 Oct 2019. Unknown parameter
|url-status=ignored (help) - ↑ "Digitalization In The Money Services Industry". Jumpstart Magazine. 2018-06-04. Retrieved 2019-07-16.
- ↑ Hartung, Richard (1 Sep 2018). "Save money when you use foreign currencies". TODAY. Retrieved 8 Oct 2019.
- ↑ Goh, Seng Ti (18 Sep 2017). "Chat with Fintechs: Chris Vanden Berghe, CEO, 4xLabs". TFAGeeks. Retrieved 8 Oct 2019.
- ↑ "Singapore-Based Fintech Launches Remittance Comparison Site". finews.asia. 2019-06-10. Retrieved 2019-07-16.
- ↑ "4xLabs' New Platform Lets You Compare Prices of Overseas Money Transfer Services". Fintech Singapore. 2019-06-10. Retrieved 2019-07-16.
- ↑ "Dymon Asia announces first close of its debut $50M fund for fintech". TechCrunch. Retrieved 2019-07-16.
- ↑ "Singapore fintech startup 4xLabs raises US$1.5 million in funding from Dymon Asia, OSK Ventures - Reuters". www.reuters.com. Retrieved 2019-07-16.
- ↑ "Singapore Fintech Awards 2016 Announces 40 Finalists". Fintech Singapore. 2016-10-31. Retrieved 2019-07-16.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2019-07-16.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2019-07-16.
- ↑ "ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution" (PDF). World Economic Forum. Retrieved 16 July 2019.
- ↑ "Competing Startups". FIN/SUM. Retrieved 8 Oct 2019. Unknown parameter
|url-status=ignored (help) - ↑ "40 Innovative Solutions Shortlisted for 2019 FinTech Awards". Monetary Authority of Singapore. 2 Oct 2019. Retrieved 8 Oct 2019. Unknown parameter
|url-status=ignored (help) - ↑ "Meet The 40 Innovative Solutions Shortlisted for 2019 FinTech Awards". Fintechnews Singapore. 3 Oct 2019. Retrieved 8 Oct 2019.
- ↑ "40 Innovative Solutions Shortlisted for 2019 FinTech Awards". Singapore Fintech Festival. 2 Oct 2019. Retrieved 5 November 2019.
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