1. Company Name: Veloxpays

2. Website: www.veloxpays.com

3. Key Staff & Titles:

• Md Riaj Uddin – Founder & Managing Director
• Tanzina Ferdouse – Compliance Officer & AML/CTF Reporting Officer
• Satyam Kumar – Head of Partnerships & Business Development
• Technical & Operations Teams – Covering engineering, product development, and settlement operations

4. Location(s):

• Head Office: Melbourne, Australia
• Planned Representative Offices: Dhaka (Bangladesh), Manila (Philippines), and Toronto (Canada) for corridor operations & partnerships

5. In one sentence, what does your fintech do?

Veloxpays provides a secure, fast, and affordable cross-border money transfer platform enabling individuals and businesses to send money globally with real-time rates, low fees, and full compliance under AUSTRAC regulation.

6. How / why did you start your fintech company?

We started Veloxpays to simplify and modernize international remittances for the growing migrant and expat community in Australia. Traditional money transfer services were slow, costly, and often lacked transparency. We saw an opportunity to use fintech innovation, NPP integration, and direct banking partnerships to deliver a better customer experience while ensuring full regulatory compliance.

7. What is the best thing your company has achieved or learnt along the way?

• Successfully registered as a Remittance Network Provider (RNP) with AUSTRAC in 2025.
• Secured strategic partnerships with BRAC Bank, RemitSo, Tranglo, and other global payout providers even before launching.
• Designed a robust AML/CTF compliance framework that meets Australian standards while enabling overseas white-label partnerships.
• Learned the importance of building regulatory trust and strong financial institution relationships as the foundation of a cross-border payment business.

8. What’s some advice you’d give to an aspiring start-up?

Focus on compliance and customer trust from day one—in fintech, scaling too fast without a strong regulatory and operational foundation can lead to setbacks. Also, partnerships are key—collaborating with banks, regulators, and technology providers will help you grow faster and stay competitive.

9. What’s next for your company? Are you looking to expand overseas or stay focused on Australia?

We are launching in Australia in late 2025 but have already laid the groundwork for:

• Overseas expansion via white-label partners in Canada, New Zealand, and the UK.
• Direct payout corridors to Bangladesh, Philippines, India, Pakistan, and Africa through bank and wallet integrations.
• NPP real-time payments and API integrations with leading fintech partners to improve speed and efficiency.

10. What other fintechs or companies do you admire?

We admire companies like:

• Wise (TransferWise): for transparency and low fees.
• Revolut: for innovation and ecosystem-building beyond just payments.
• Monoova and Zai: for their advanced real-time payments infrastructure in Australia.

11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?

During early partnership calls, a few banks mistakenly assumed Veloxpays was already processing thousands of transactions because of our detailed compliance documentation and growth projections—even before our official launch. It was a fun but proud moment that showed how seriously we were being taken as a new entrant in the market.