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M-Daq’s 2025 revenue fell 32% as enterprise GTV grew 2.6x

Tech in Asia reports that M-Daq’s losses grew, even as institutional FX revenue more than doubled in 2025.

TI
1 Source, 8h ago, first seen 8h ago

TLDR

Tech in Asia reports that M-Daq’s 2025 revenue fell 32% to $30.2 million and its losses grew, while enterprise GTV rose 2.6x and institutional FX revenue more than doubled. First-half 2026 GTV reached 1.7x the total for 2025. The firm is betting on bigger clients, higher-value FX services and regional expansion to restore growth.

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1 Source, first seen 8h ago

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1 Source, first seen 8h ago

1 comments

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@techinasiaM-Daq’s revenue fell 32% in 2025 to $30.2m. But its enterprise payments business is accelerating. Enterprise GTV grew 2.6x in 2025, while institutional FX revenue more than doubled. H1 2026 GTV already reached 1.7x all of 2025. More: https://buff.ly/aKbQS2B8h
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    @techinasiaM-Daq’s revenue fell 32% in 2025 to $30.2m. But its enterprise payments business is accelerating. Enterprise GTV grew 2.6x in 2025, while institutional FX revenue more than doubled. H1 2026 GTV already reached 1.7x all of 2025. More: https://buff.ly/aKbQS2B8h
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