TL;DR: If you are replacing QFEX, the closest options are Tally, Prospa, Increase. The table below compares 12 alternatives on what they do, stage, size and status.
Every alternative below is compared on what it actually does, not just its category — so you can see which one genuinely replaces QFEX (YC Spring 2025).
Last verified:
The three closest alternatives to QFEX are:
| Alternative | What it does | Stage | Team | Status |
|---|---|---|---|---|
| Tally | — | YC Winter 2025 | 2 | Active |
| Prospa | Banking for businesses | YC Winter 2021 | 70 | Active |
| Increase | API-first banking for ambitious technology companies. | YC Summer 2020 | 15 | Active |
| Parker | Parker is a digital bank. | YC Winter 2019 | 10 | Inactive |
| Satchel | — | YC Summer 2018 | 8 | Inactive |
| Proof Trading | Institutional equities broker-dealer | YC Summer 2019 | 7 | Active |
| Broad | The multicurrency account and card for Brazilians | YC Winter 2021 | 5 | Active |
| Ekpa | Building Autonomous Research Agents for Trading | YC Summer 2026 | 2 | Active |
| Globe | coinbase for derivatives | YC Winter 2019 | 20 | Active |
| Direct Match | — | YC Winter 2015 | 11 | Inactive |
| Carbon-12 Labs | A Global Payouts API for Startups | YC Winter 2020 | — | Inactive |
| Waza | B2B payments platform for emerging markets. | YC Winter 2023 | 28 | Active |
It depends on your size. Tally is the closest match on what QFEX actually does. If you need something more established, sort the table by team size — larger teams generally mean more support and a longer track record. If budget is the constraint, the earlier-batch companies are usually the ones still competing on price.
QFEX is still operating, so switching is a choice rather than a forced migration. Compare on fit and price rather than urgency.
Every company here is Y Combinator-backed and was matched to QFEX on what it actually does — its own description of its product — rather than on a broad category label. Batch, team size and operating status come from the YC directory and are shown as-is. We do not rank by payment.
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