About Intermex
Intermex is a company based in Miami (United States) founded in 1994 was acquired by Western Union in August 2025.. The company has 523 employees as of December 31, 2024. Intermex has completed 1 acquisition, including La Nacional. Intermex offers products and services including Send Money, Payroll Card, Employers' Portal, and Intermex App. Intermex operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter Miami, United States
- Employees 523 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name International Money Express, Inc.
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Annual Revenue
$569.71 M-0.2as on Dec 31, 2024
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Net Profit
$58.82 M-1.17as on Dec 31, 2024
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EBITDA
$24.7 M17.08as on Dec 31, 2024
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Latest Funding Round
$125 M (USD), Debt – Conventional
Nov 30, 2018
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Investors
Western Union
& 5 more
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Employee Count
523
as on Dec 31, 2024
- Investments & Acquisitions
- Acquired by
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IPO & Listings of Intermex
Intermex is a publicly listed company on the NASDAQ with ticker symbol IMXI in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Intermex
Intermex offers a comprehensive portfolio of products and services, including Send Money, Payroll Card, Employers' Portal, and Intermex App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for secure international remittances to Latin America.
Card for efficient payroll processing and fund management.
Portal for employer payroll and network management services.
App for direct money transfers and customer support access.
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Software Development Team
8 people
Leadership Team
7 people
Operations Team
4 people
Legal and Compliance
3 people
Human Resources and Administration
3 people
Gerente Team
1 people
Finance and Accounting
1 people
Business Team
1 people
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Funding Insights of Intermex
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $125.0M
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First Round
First Round
(01 Apr 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - Intermex | Valuation |
investors |
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| Mar, 2015 | Amount | Debt – Conventional - Intermex | Valuation |
investors |
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| Apr, 2004 | Amount | Debt – Conventional - Intermex | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Intermex
Intermex has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Western Union, Fintech Acquistion and Banyan Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in small to middle-market companies via equity and subordinated debt.
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Founded Year | Domain | Location | |
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PE firm invests in the US
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Founded Year | Domain | Location | |
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Stella Point Capital is engaged in investment management services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Intermex
Intermex has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include La Nacional. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bill payments and recharges are handled online for individuals.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Intermex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Intermex Comparisons
Competitors of Intermex
Intermex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Intermex
Frequently Asked Questions about Intermex
When was Intermex founded?
Intermex was founded in 1994 and raised its 1st funding round 10 years after it was founded.
Where is Intermex located?
Intermex is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Intermex?
Robert Lisy is the current CEO of Intermex.
How many employees does Intermex have?
As of Dec 31, 2024, the latest employee count at Intermex is 523.
What is the annual revenue of Intermex?
Annual revenue of Intermex is $569.71M as on Dec 31, 2024.
What does Intermex do?
Intermex was established in 1994 in Miami, United States, within the financial services sector focused on remittances. Operations center on a platform that supports international money transfers for both personal and commercial users. Services include fund movements via cash deposits at agent locations, direct bank transfers, and ATM withdrawals. The domain intermexonline.com facilitates these cross-border transactions across various regions.
Who are the top competitors of Intermex?
Intermex's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Intermex offer?
Intermex offers Send Money, Payroll Card, Employers' Portal, and Intermex App.
Is Intermex publicly traded?
Yes, Intermex is publicly traded on NASDAQ under the ticker symbol IMXI.
How many acquisitions has Intermex made?
Intermex has made 1 acquisition, including La Nacional.
Who are Intermex's investors?
Intermex has 6 investors. Key investors include Western Union, Fintech Acquistion, Banyan Investment Partners, Entera Management, and Lindsay Goldberg.
What is Intermex's ticker symbol?
The ticker symbol of Intermex is IMXI on NASDAQ.
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