Tangopay
“Can a UK-based remittance fintech build a compliance-first, low-cost cross-border payment corridor for expats and the unbanked by stacking best-in-class FX and AML infrastructure?”
Founded2020
HQElizabeth House, Edgware, Middlesex, HA8 7EJ, United Kingdom
FoundersBasir Sangerwal
IndustryFintech / Cross-border payments
The story
Founded in 2020 as a UK-based remittance fintech targeting low-income earners and unbanked recipients across 70+ countries. The company progressively upgraded its infrastructure stack by partnering with Currencycloud for real-time FX rails (2024) and ThetaRay for AI-driven AML monitoring, signalling a shift from a basic money-transfer service toward a compliance-first, cross-border payments platform serving the UK expat corridor.
Product timeline
2020
TangoPay founded as a UK-based remittance service targeting expat customers, offering money transfers to 70+ countries via Direct to Bank, Cash Pickups, and Mobile Money.· pivot
2024
TangoPay partnered with Currencycloud to add real-time competitive FX rates and localised payment options, reducing transaction times and fees for customers.· banking
2024
TangoPay integrated ThetaRay's AI-powered SONAR solution to monitor global remittances for AML and financial crime risks.· pivot
The stack
FX & payouts
Accounting gap: none