# M-DAQ Global

> M-DAQ Global is a Singapore-headquartered fintech group building foreign-exchange and cross-border payment infrastructure that lets businesses transact across currencies with price clarity and rate certainty. Through a single API and a suite that spans FX pricing, guaranteed rates, collections, payments and treasury tooling, M-DAQ serves e-commerce marketplaces, securities exchanges, fintechs and corporates across dozens of markets, processing billions of dollars in cross-border transactions each year toward its stated goal of a 'world without currency borders.'

- **Founded:** 2010
- **Headquarters:** Singapore
- **Founders:** Richard Koh (Founder & Chairman (former Group CEO))
- **Team size:** ~340 employees (300+ professionals across 7 countries)
- **Products:** Aladdin, FX Solutions, Wallex Payments & Collections, Hedging as a Service / Treasury as a Service, Trading the Right Chart / At-Trade
- **Notable:** Awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore for OTC derivatives dealing., Acquired B2B payments platform Wallex in 2022 to build an end-to-end cross-border ecosystem., Flagship Aladdin solution has cleared close to S$30 billion in cross-border transactions.

## Products & services

- **Aladdin** — Flagship FX solution for e-commerce and cross-border commerce that lets buyers pay in their home currency while merchants receive their preferred currency, using aggregation and algorithmic pricing to deliver guaranteed rates.
- **FX Solutions** — Spot contracts, guaranteed rates and forward contracts delivered through a single API for enterprises and SMEs.
- **Wallex Payments & Collections** — B2B cross-border payments and collections platform (acquired 2022) offering multi-currency accounts, an ASEAN payments hub and API integration.
- **Hedging as a Service / Treasury as a Service** — Managed FX risk management and treasury tooling for corporates and financial institutions.
- **Trading the Right Chart / At-Trade** — SaaS FX pricing and benchmarking tools serving securities exchanges and brokers for multi-currency securities trading.
- **OTC Derivatives (M-DAQ Market Solutions)** — Over-the-counter derivatives dealing enabled by an MAS Capital Markets Services licence.

## Achievements

- Awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore for OTC derivatives dealing.
- Acquired B2B payments platform Wallex in 2022 to build an end-to-end cross-border ecosystem.
- Flagship Aladdin solution has cleared close to S$30 billion in cross-border transactions.
- Processes billions of dollars (reported S$18-25 billion+) in cross-border transactions annually across 45+ markets.
- Recognized on Financial Times High-Growth Companies Asia-Pacific and Straits Times Singapore's Fastest Growing Companies lists.
- Backed by marquee investors including Affinity Equity Partners, Ant Group, EDBI and Samsung Ventures.

## Latest updates

- **2025-05** — Tan Choon Seng appointed Group CEO, succeeding founder Richard Koh, who became non-executive Chairman.
- **2024-11** — Reported later-stage funding activity (Series E per aggregated data) supporting regional expansion.
- **2024** — Secured an MAS Capital Markets Services licence, enabling subsidiary M-DAQ Market Solutions to deal in OTC derivatives.
- **2022-08** — Completed acquisition of B2B cross-border payments firm Wallex.

## Links

- Website: https://m-daq.com
- LinkedIn: https://www.linkedin.com/company/m-daq
- Twitter/X: https://twitter.com/mdaqglobal
- Facebook: https://facebook.com/m-daq-pte-ltd-163038038080

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Profile page: https://yespress.io/m-daq-global
Published by YesPress — https://yespress.io
Last updated: 2026-07-27