Tranglo Sdn Bhd

TRANGLO Sdn Bhd operates a digital commerce switching hub for financial institution and telecom providers globally and strives to produce a fast, easy-to-use and secure platform to better connect loved ones and friends worldwide.

Founded in 2008, the company has connectivity to over 250 mobile network operators, 30,000 retail outlets and 400 banks through its products namely Prepaid Reload, Money Transfer, and Digital Gifts.

With rising diaspora of migrants which has increased the demand for airtime transfer, companies like Tranglo have the significant headroom to tap into a highly lucrative market.

Tranglo which is headquartered in Kuala Lumpur, offers its money transfer services spanning 12 countries. Its key customers are major telecoms operators and licensees from central banks to conduct cross border transactions. The digital commerce company also operates a global remittance hub (global switching, forex and settlement) for licensed remittance service provider (RSP) or money service business (MSB) companies to reach multiple countries and channels.

Tranglo director Sia Hui Yong views Tranglo’s participation in the GAIN Silicon Valley Immersion trip in November 2015 has helped Tranglo to be more exposed to industry collaboration and other international bodies which has helped to accelerate certain Tranglo’s business and product development, which in turn has seen revenue numbers increasing throughout 2016.

Despite the pressure posed by the appreciation of US dollars, Sia remains optimistic about Tranglo’s business as cross border payment is still very much in demand with the globalised economy.

“In fact, we expect to grow revenue by about 20% this year. However, we will need to manage the cost and forex in more prudent way going forward,” he said.

Moving forward, Tranglo target to diversify and spread its revenue base actively.

“We are increasing our non-Malaysia revenue from 35% to at least 60% within next two years. We have also identify new business verticals such as cross border payment for health-care, education and micro financing by leveraging on our existing and upcoming core competencies.

“Our aim is to process more than US$3bil worth of cross border transactions by 2020,” remarked Sia, while commenting on Tranglo’s future trajectory.

Tranglo was recognised as the Top 100 Company by Red Herring Asia in 2012 and received the Asia Pacific Information and Communications Technology Awards in 2009.

For the record, Vitrox Corp Bhd has an annual revenue of RM160Mil and profit-after-tax of RM44Mil and not as earlier quoted.