← Embedded Finance Index 2026/Vendor

Monex

Provider

FX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 11 companies across 1 category.

monexglobal.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗

CategoriesFX / Payouts
Rank#21 of 186 in FX / Payouts
Buyers11 companies
HeadquartersMexico City, Mexico (Monex Grupo Financiero); London, UK (Monex Europe)

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Founders & story · from Monex’s own dossier

Monex S.A.P.I. de C.V. is a Mexico-headquartered investment-grade financial services group that has expanded its corporate FX and international payments business globally through subsidiaries in Europe (Monex Europe, Monex Europe Markets S.V.), North America (Monex USA, Monex Canada), and beyond. The group's embedded finance angle is primarily in B2B FX risk management, cross-border payments infrastructure (Monex Pay), and corporate lending (factoring, revolving credit, leasing) for SMBs in Mexico. The European and Canadian arms focus almost exclusively on FX execution and international payments for corporate clients, with Monex Pay serving as the digital platform for mass payouts.

Recent developments

2025-01Monex Europe published updated MEM Order Execution Policy (June 2025 version referenced in policies page), reflecting ongoing regulatory compliance in the EU/Spain. source ↗

Full dossier: Monex’s own stack, layer by layer →

Who uses Monex

11 companies disclose Monex in their stack

Coba Klear Routefusion ComplyAdvantage INTEGRIM WireFX FastBank Serrala CloudPAYIt S4 Solutions TKambio USA

Buyer mix · 11 of 11 classified

Fintech / Cross-border payments · 2Fintech / SMB banking · 1Horizontal SaaS / Accounting · 1Horizontal SaaS / Spend Management · 1Infrastructure / FX · 1Infrastructure / KYC · 1Infrastructure / Payments · 1Vertical SaaS / Accounting · 1

US · 6 LATAM · 1 UK · 1 Canada · 1 EU · 1

What the disclosures say

Coba

“Source: https://blog.coba.ai/post/coba-monex-usa-announce-strategic-partnership-to-power-cross-border-financial-infrastructure-for-businesses-in-the-us-mx-corridor”

View source · blog.coba.ai ↗

Klear

“Klear's own blog post dated April 14, 2026 announces 'KLEAR Launches KlearFX, Powered by Monex in the US, Bringing Institutional-Grade FX and Global Payments Into the Working Capital Stack.' The KlearFX product page describes sending and receiving payments in 130+ currencies and holding funds in 30+ currencies, with Mo…”

Routefusion

“Routefusion (global cross-border payments API/infrastructure) uses Monex FX and payments capabilities, per Open Banking Tracker's embedded-finance vendor/customer landscape (openbankingtracker.com/embedded-finance/monex, a credited content partner for this dataset).”

INTEGRIM

“The Open Banking Tracker known-customer listing at openbankingtracker.com/embedded-finance/monex publicly lists INTEGRIM as a Monex customer for AP/ERP payment automation, specifically integrating Monex FX and payments.”

WireFX

“Monex USA is a FX/global payments partner (see fx_payouts), not a PSP.”

FastBank

“The Open Banking Tracker listing states that FastBank has a referring partnership with Monex USA to simplify global B2B payments for SAP Business One users, and the source URL points to fastbank.io, satisfying the attribution rule.”

The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Monex? Claim this profile above to unlock your own full list.

What Monex runs on · from its own dossier

The third-party providers Monex itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Monex.

Fraud

ComplyAdvantage

Full dossier with evidence for each layer →

Alternatives to Monex

Other FX / Payouts providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Currencycloud82 buyers →Airwallex81 buyers →Nium69 buyers →Wise Platform60 buyers →Stripe49 buyers →Convera33 buyers →Visa Direct24 buyers →Adyen23 buyers →

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Monex — frequently asked

Which companies use Monex?

11 companies disclose Monex in their stack in the Embedded Finance Index 2026, including Coba, Klear, Routefusion, ComplyAdvantage, INTEGRIM, WireFX, FastBank, Serrala, CloudPAYIt, S4 Solutions and 1 other.

What does Monex do?

Monex is an embedded-finance provider in FX / Payouts. It ranks #21 of 186 FX / Payouts providers by disclosed buyers.

What are the alternatives to Monex?

The most-disclosed FX / Payouts alternatives to Monex are Currencycloud (82 buyers), Airwallex (81 buyers), Nium (69 buyers), Wise Platform (60 buyers), Stripe (49 buyers) and Convera (33 buyers).

Where is Monex headquartered?

Monex is headquartered in Mexico City, Mexico (Monex Grupo Financiero); London, UK (Monex Europe).

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