Empowering The Future Of Finance

TranSwap was founded in 2015 with a single goal - to empower businesses with fintech capabilities and remove cross-border barriers to growth.

Our Chairman

Renowned as one of Asia’s most influential figures with decades of experience, Mr. Koh advises our leaders.

Mr.Koh Choon Hui

Our Story

It all started during the Asian Financial Crisis in 1997. Benjamin Wong had a US Dollar currency exposure and wanted to hedge it with a FX forward contract. However, when Ben approached the bank, the premium they quoted him was ridiculously expensive and the spread for the spot rate was too huge.

Fortunately, Ben had a friend overseas who needed to exchange his US Dollars for Singapore Dollars. Ben and his friend agreed to swap their respective currencies at an agreed rate.

This simple swap gave Ben the idea for a cross-border financial exchange. Unfortunately, Ben’s options were limited. Technology and regulations in 1997 were still too primitive for fintech innovation.

Fast forward to the opening of the fintech space, which had gained acceptance by international regulatory authorities, especially in the UK & Euro Zone. This reignited Ben’s passion to start up a cross-border fintech payment platform to solve the FX problems that he and many other SMEs faced in their daily operations.

Today, TranSwap has offices in 6 different countries and continues its rapid expansion worldwide.

Meet Our Founders

Benjamin Wong

Lim Kien Leong

Mr. Benjamin Wong Chan Seng | Founder

Benjamin has a successful career in the corporate world, sitting as board member and CFO in global conglomerates.

He has over 20 years of experience in strategic planning, merger, acquisition, and financial management.

He is also a serial entrepreneur and has founded and successfully exited two previous businesses. Benjamin believes in contributing back to communities and is involved in many charities and communities projects both locally and internationally.

Benjamin holds an MBA, DIC from the Imperial College of London.

Mr. Lim Kien Leong | Co-founder and CEO of TranSwap

Kien Leong is the Co-founder and CEO of TranSwap. He oversees the day-to-day business operations, as well as the company’s strategic direction and business developments.

Kien Leong was previously appointed as the Chief Legal Officer of TranSwap and was responsible for all of the company's legal and regulatory issues, ensuring the company remained compliant with relevant authorities.

Prior to TranSwap, Kien Leong gained extensive experience in the field of arbitration, civil and commercial litigation, and corporate law in Singapore and Australia. He tenaciously handled commercial, corporate, shareholder and contractual disputes.

Kien Leong graduated from The University of Sydney with a Bachelor of Commerce (BComm) and Bachelor of Laws (LLB) degree.

Mr. Benjamin Wong Chan Seng | Founder and Deputy Chairman of TranSwap

A powerful business driver whose entrepreneurial instincts and clarity of vision has carried multiple companies through rapid and continuous growth, Benjamin Wong is the Founder and Deputy Chairman of TranSwap.

Prior to TranSwap, Benjamin worked as a professional accountant before moving to the corporate world. He previously worked as a Financial Officer (Head of Planning and Finance) and Global Director in the shipping and pharmaceutical industry.

Under his thoughtful leadership and extensive industry knowledge, Benjamin launched several start-ups and successfully grew them into corporate businesses.

Benjamin graduated from the Imperial College of London with a Masters in Business Administration (MBA) and a Diploma of Imperial College (DIC) in Management.

Mr. Lim Kien Leong | Co-founder and CEO of TranSwap

Kien Leong is the Co-founder and CEO of TranSwap. He oversees the day-to-day business operations, as well as the company’s strategic direction and business developments.

Kien Leong graduated from The University of Sydney with a Bachelor of Commerce (BComm) and Bachelor of Laws (LLB) degree.

Our Journey

2015

TranSwap is officially founded.

2016

TranSwap is granted its Money Service Operator license (License Number 16-07-01882) in Hong Kong under the Anti-Money Laundering Ordinance by the Hong Kong Customs and Excise Department (HKCED).

2017

TranSwap launches in Singapore with a Major Payment Institution license (License Number PS20200415) under the Payment Services Act 2019 (PSA) by the Monetary Authority of Singapore (MAS).

2018

TranSwap is listed on the Networked Trade Platform (NTP).

TranSwap is awarded as Outstanding SME Cross-Border FX Platform by ETNET.

2019

TranSwap obtains its license in Indonesia as a Fund Transfer Operator (License Number 21/248/Sr/3) by Bank Indonesia (BI).

TranSwap is awarded Excellence of Innovation for retailing by Asia's Best E-Tailing Awards

2020

TranSwap is awarded a Fintech Impetus Award

TranSwap is awarded a Brands for Good Award

2021

TranSwap obtains its Electronic Money Institution license (License Number 963951) in the United Kingdom under the Financial Services and Markets Act 2000 by the Financial Conduct Authority (FCA).

TranSwap is approved by the Monetary Authority of Macao as a partner
of BDO Remit (Macao) to handle payments in-and-out of the country.

2022

Transwap is awarded The Best Remittance Company in Banten, Indonesia

2015

2016

2017

2018

2019

2020

2021

2022

Awards

TranSwap is an award-winning fintech company that has been featured on multiple media outlets, such as Channel News Asia, The Straits Times, The Business Times, The Edge Singapore and Business Insider, as well as radio stations 93.8 NOW and MONEYFM 89.3.

Outstanding SME
Cross-Border FX Platform

Excellence of Innovation for Retailing

IFTA Award 2018 & 2019

Brands for Good

HK Impetus Award by Metro & KPMG (2020)

See Why Our Customers Love Us

232 reviews

"TranSwap's platform is easy to use and has helped me save on international transfers for my business! The service is fast and efficient, which is great for busy business owners like me. Definitely recommend!"

Benson

Louve LLP

"TranSwap has always been a reliable solution for my business. I am very satisfied with their speedy service and professional customer care. I highly recommend TranSwap to businesses with regular overseas payments."

Jamie

Balance Studio

"Given the fast paced business environment that we operate in, we are always pressed for time to find the best price for our transactions. However, we can always trust that TranSwap provides favourable rates for our international transactions. The transfers are completed very quickly after confirmation and their staff are always very helpful and professional."

Ewan

Diverse Media Pte Ltd

"TranSwap's fees are reasonable and transparent, meaning that I see my costs upfront when making international payments for overseas investments. The platform is also easy to use, fast, reliable & efficient."

Philip C

"TranSwap staff is fast and efficient in their work.They are professional and polite! I am super satisfied with their speed and efficiency!I would also want to give a shout out to Raymond for his great service and support to my business.He has been very efficient in servicing us."

Ray Wong

TF Engineering & Trading Pte Ltd

"TranSwap has been a very reliable solution for my business. They are fast, precise and professional. Shout out to TranSwap’s service and accuracy in their work. TranSwap has been servicing me for quite some time now. Would highly recommend people to work with them!"

Agnes Ang

Bountiful International Pte Ltd

"Transwap provides a convenient means for overseas payment. The platform is easy to use, fast, reliable, and efficient.The confirmation of completion for transfer are fast. Definitely recommended!"