Almond FinTech Broadens Transfer Network Across APAC Region Through Collaboration with Ample Transfers
In a significant development, Almond FinTech, a CrossTech Innovation Award winner for "Crypto Payments Solution in Cross-Border Payments," has partnered with Ample Transfers, a Singapore-based remittance provider. This partnership, announced in July 2025, aims to optimize Ample Transfers' internal treasury and settlement operations for transfers from Singapore to Indonesia.
The partnership represents a natural evolution in Almond FinTech's mission to remove barriers in global financial transfers. Adam Swartzbaugh, CEO and Co-Founder of Almond FinTech, stated, "This partnership underscores our commitment to leveraging technology to facilitate faster, cheaper, and more reliable settlements for our customers."
Almond's technology aggregates real-time market data to identify the most cost-effective and efficient transfer routes. This innovation has enabled Ample Transfers to offer market-beating forex rates, consistently better than mid-market FX rates. Since launching in late May, Almond's blockchain-based optimization technology has powered over $2 million SGD in transfers through the Singapore-Indonesia corridor.
The partnership also allows Almond to harness the potential of stablecoins for remittance purposes. Almond FinTech leverages a multitude of stablecoins as bridge assets to optimize cross-border treasury transfers between fiat currencies. This strategy enhances liquidity, tightens spreads, and provides more flexibility without complicating onboarding.
The Singapore-Indonesia payment corridor is a significant remittance route for Singapore's Indonesian migrant community. The enhanced efficiency of cross-border transactions facilitated by Almond's technology ensures smoother and more reliable operations, making it a preferred choice for this community.
Ample Transfers, with over 25 years of experience as a Major Payment Institution licensed by the Monetary Authority of Singapore, is well-positioned to leverage Almond's technology for its remittance services. This partnership positions Almond FinTech for continued growth in Southeast Asian markets.
The strategic expansion into Southeast Asia's cross-border money flow landscape marks a key milestone for Almond FinTech. The company has received consecutive CrossTech Innovation Awards, underscoring its role as an industry pioneer. Adam Swartzbaugh attributes the award wins to the team's relentless commitment to financial technology innovation.
In conclusion, Almond FinTech's blockchain technology has revolutionized the process of cross-border payments for Ample Transfers by providing superior exchange rates and enhancing operational efficiency, thereby setting a new standard for remittances in the Singapore-Indonesia corridor.
Businesses in the finance sector are increasingly turning to technology to streamline operations, and Almond FinTech's blockchain-based solution for cross-border payments is a prime example. Coupled with stablecoins, this technology has allowed Almond to power efficient remittances between Singapore and Indonesia, significantly improving exchange rates and easing cross-border transactions for businesses like Ample Transfers.
