Behneh Seeks Nasdaq Listing With 5 Million-Share IPO

The company provides cross-border payment services to retail and institutional clients, including collecting funds and making payments on their behalf. Its core business is international transfers and related payment processing; Behneh has also expanded more recently into advisory services.

A 2023 inspection identified deficiencies in the company’s anti-money-laundering and counterterrorism controls, including customer due diligence and wire-transfer compliance. Behneh said it has since taken remediation measures to strengthen security and compliance.

In the six months ended April 30, 2026, revenue rose 17% from the same period a year earlier to $504,893. One customer accounted for 85% of revenue in that period.