# Transfez

> Transfez is a Jakarta-based fintech that makes sending money across borders cheaper and faster for Indonesians, letting users move funds to 50+ countries in 26 currencies. Founded in 2019 by Edo Windratno and Bondan Herumurti, it grew from a consumer remittance app into a group that also runs Jack, a business finance platform for corporate cards, international payments, payroll and expense management. Transfez is a Y Combinator W22 company backed by East Ventures and BEENEXT.

- **Founded:** 2019
- **Headquarters:** Jakarta, Indonesia
- **Founders:** Edo Windratno (Co-founder & CEO), Bondan Herumurti (Co-founder & CTO)
- **Team size:** ~80 employees
- **Products:** Transfez (consumer app), Jack (formerly Transfez for Business), Transfez Singapore, Payments API
- **Notable:** Accepted into Y Combinator's Winter 2022 batch, Reported 30x growth in transaction volume in a single year (2020-2021), On track to process Rp 1.5 trillion (~US$105M) in transaction value in 2021

## Products & services

- **Transfez (consumer app)** — Mobile app for international money transfers, letting users in Indonesia and Singapore send funds to 50+ countries in 26 currencies with real-time settlement and no hidden fees.
- **Jack (formerly Transfez for Business)** — All-in-one business finance platform offering corporate cards, international and local transfers, virtual accounts, bill payment, reimbursement and payroll for startups, SMEs and enterprises.
- **Transfez Singapore** — Singapore launch enabling users to send money directly to Indonesian bank accounts in real time with competitive FX rates.
- **Payments API** — API access for local and international transfers, virtual accounts and FX conversion to IDR for developers and business integrations.

## Achievements

- Accepted into Y Combinator's Winter 2022 batch
- Reported 30x growth in transaction volume in a single year (2020-2021)
- On track to process Rp 1.5 trillion (~US$105M) in transaction value in 2021
- Expanded from consumer remittance into a full B2B finance platform (Jack)
- Launched in Singapore for real-time transfers to Indonesia
- Licensed and supervised by Bank Indonesia as an official remittance institution

## Latest updates

- **2023-07** — Transfez for Business rebranded and relaunched as Jack, a standalone business finance platform.
- **2024-01** — Transfez officially launched in Singapore, enabling real-time transfers to Indonesian bank accounts.
- **2022-09** — Announced seed funding co-led by East Ventures and BEENEXT to expand into B2B remittance.

## Links

- Website: https://transfez.com
- LinkedIn: https://www.linkedin.com/company/transfez/
- Twitter/X: https://twitter.com/transfez
- YouTube: https://www.youtube.com/@transfez
- Instagram: https://www.instagram.com/transfez.id/
- Facebook: https://facebook.com/Transfez.id/
- TikTok: https://www.tiktok.com/@transfez

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Profile page: https://yespress.io/transfez-yc-w22
Published by YesPress — https://yespress.io
Last updated: 2026-07-30