Pexx
PEXX is a compliance-first, stablecoin-to-fiat payment platform (2023) headquartered in Sydney, Australia, offering instant USDT/USDC off-ramp via virtual USD accounts, Visa debit cards, and RESTful APIs, processing >$300 M global volume by mid-2025 at transparent 0.6 %–1.2 % fees.
Industry
Finance & Insurance
Market Categories
On/Off Ramp Services
Business function (Horizontal)
Finance
Headquarters Location
Sydney, Australia
Product Name
Pexx
Parent Company
Pexx
Founder
Marcus Lim
Web2vsWeb3
Web 2.5
Access Model
API
Target Users
Enterprises, SMEs, Consumers
Competitors
Ramp Network; Transak; MoonPay; Coinbase Pay; Wyre; FiatGate; Hashflow; Simplex; Banxa; Channel.IO.
Business Function (stablecoins)
Transaction Settlement, Payment Processing, Integration Services, Compliance & Regulatory Oversight, Card Issuance
Feature completness
Product differentiation
True instant (< 30 min) stablecoin-to-fiat transfers vs. legacy rails (banks, remitters). No-residency-required U.S. virtual USD account—routing & account numbers without SSN/US address. Virtual “Everyone Card” issuance within 1 min (no credit checks) for global spending (Apple Pay/Google Pay supported). 4 % APY on PEXX Earn (interest pegged to tokenized U.S. Treasury yields) with no minimum balance or lock-ups. Regulated by AUSTRAC (DCE + remittance) and FinCEN (MSB); transparent Proof of Reserves for stablecoin pools. Flat, transparent fees (0.6 % card, 1.2 % FX) with better-than-Wise rates (INR routes beat Wise by 1.35 %).
Privacy & Data protection certificate
Years in business
2.49
Employees
10-100
Horizontal Applications
Peer-to-Peer (P2P) Payments, Remittances, Payment Rail, Settlements
Tech stack modernity
Blockchain on-ramps: Tron, Polygon, Ethereum, BSC for USDT/USDC deposits. Virtual USD rails via Bank-grade APIs: ACH, Fedwire, SWIFT. Virtual Visa debit card tokenization (Apple Pay/Google Pay) with Visa Direct. Cloud-native microservices (AWS/GCP) underpinning “PEXX Hub” web & mobile apps. KYC/KYB & AML integrated engines (Onfido or similar) with real-time fraud monitoring. iOS (iOS 16+) and Android (Android 11+) mobile applications.
Product Roadmap
H2 2025: Add e-wallet transfers (peer-to-peer wallet payouts). Q3 2025: Launch native mobile wallet app with biometric/VPN dual-factor auth. Late 2025: Expand U.S. state coverage (remove NY, LA, AK, HI restrictions). 2026: Integrate additional stablecoins (DAI, FRAX) and chains (TRON, Solana) for wider on-ramp/off-ramp. 2026: Roll out multi-currency payroll module for global teams (global payrolling solution). 2026+: Introduce tokenized US Treasury Bill-pegged stablecoin (PEXX USD‐T) to boost yield offerings.
Product Roadmap
H2 2025: Add e-wallet transfers (peer-to-peer wallet payouts). Q3 2025: Launch native mobile wallet app with biometric/VPN dual-factor auth. Late 2025: Expand U.S. state coverage (remove NY, LA, AK, HI restrictions). 2026: Integrate additional stablecoins (DAI, FRAX) and chains (TRON, Solana) for wider on-ramp/off-ramp. 2026: Roll out multi-currency payroll module for global teams (global payrolling solution). 2026+: Introduce tokenized US Treasury Bill-pegged stablecoin (PEXX USD‐T) to boost yield offerings.
API Quality
Production-Ready
Documentation Link
Enterprise readiness
Fully compliant with AUSTRAC (DCE + remittance) and FinCEN (MSB) regulations for U.S./Australia. Integrated bank rails (ACH, Fedwire, SWIFT) and card rails (Visa Direct) for high-volume corporate payouts. SLA details (99 % uptime) provided upon enterprise contract; no public SLA posted. PCI-grade security controls and ISO 27001-aligned practices (in planning).
Security & Compliance Readiness
AUSTRAC-registered Digital Currency Exchange (DCE100851583-001) and independent remittance dealer (IND100851583-001). FinCEN-registered MSB (31000288010318). SOC 2 Type II processes in place (under annual audit cycle). KYC/KYB, AML/Fraud monitoring, watchlist screening, SAR reporting with third-party. Reserves: Stablecoin pools held with regulated custodial partners (not FDIC-insured; underlying assets: U.S. Treasuries & cash equivalents).
Documentation quality assessment
Documentation is well-structured but lacks consolidated developer portal; search function not available.
Support Methods
Support Email: support@pexx.com (average response ≤ 48 h per community feedback). Dedicated Sales Engineering & Onboarding for enterprise clients (book via website). Community AMAs once per quarter on X and LinkedIn. No 24/7 hotline publicly advertised; enterprise SLAs include 24/7 escalation as part of contract negotiations.
Critical capabilities
On-chain stablecoin integrations for USDT/USDC deposits (Tron, Polygon, Ethereum, BSC). Virtual USD account rails via ACH, Fedwire, SWIFT. Instant virtual Visa debit card (“Everyone Card”) issuance via Visa tokenization (Apple Pay/Google Pay). RESTful API + webhooks for programmatic transfers and reconciliation.
Support & Account Management
Support Email: support@pexx.com (average response ≤ 48 h per community feedback). Dedicated Sales Engineering & Onboarding for enterprise clients (book via website). Community AMAs once per quarter on X and LinkedIn. No 24/7 hotline publicly advertised; enterprise SLAs include 24/7 escalation as part of contract negotiations.
51 Score™
526.67
Product & Service
64.0
Stability & Maturity
46.7
Technology & Innovation
70.0
Enterprise Readiness
30.0
Categorization
Founder
Marcus Lim
Parent Company
Pexx
Market category
On/Off Ramp Services
Target Users
Enterprises, SMEs, Consumers
Top competitors
Ramp Network; Transak; MoonPay; Coinbase Pay; Wyre; FiatGate; Hashflow; Simplex; Banxa; Channel.IO.
