About MoneyGram
MoneyGram is a Financial Services company based in Dallas (United States) founded in 1940, and was acquired by MDP in February 2022. Cross-border payments are enabled via wallet solutions for consumers. MoneyGram has completed 2 acquisitions, including MTI Money Transfer and Nexxo Financial. Its chief executive, as recorded, is Alex Holmes. Its website moneygram.com draws about 3.4 million monthly visits. Its Indian entity Moneygram India Private Limited reported revenue of ₹79.80 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include Venmo and Chipper Cash; 2 of its 2 listed competitors have raised funding.
Company details
MoneyGram was founded in 1940 and is headquartered in Dallas, United States. Operations focus on the financial services sector, where wallet-enabled platforms support cross-border transactions. Services encompass sending and receiving funds to family and friends, processing bill payments, and delivering notifications for transfer status tracking. Global reach is maintained through digital and agent networks.
- Headquarters Dallas, United States
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website moneygram.com/us/en
- Social X Facebook
- Acquired by MDP (Feb 2022)
- Legal Name Moneygram India Private Limited
- Date of Incorporation 23 Mar, 2006
- Indian entity revenue₹79.80 Cr
FY 2023 · +39% YoY
- Indian entity net profit₹8.57 Cr
FY 2023 · 11% margin
- Indian entity EBITDA₹11.40 Cr
FY 2023 · 14% margin
- InvestorsGoldman Sachs
& 4 more
- Investments & AcquisitionsMTI Money Transfer
& 1 more
- Acquired byMDP
(Feb 2022)
Associated legal entities of MoneyGram
MoneyGram operates through Moneygram India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Moneygram India Private Limited CIN U74120MH2006PTC160682 | Active | 23 Mar 2006 | Mumbai, Maharashtra | ₹79.8 Cr | 185 | 2 | View details |
Apps and channels of MoneyGram
MoneyGram publishes 1 mobile app with over 5M+ downloads.
Funding Insights of MoneyGram
- Total Rounds 8
- First Round $750M
(Mar 2008)
- Investors Count 4
All 8 funding rounds of MoneyGram with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | Post-IPO | – | – | ||
| Aug 2020 | $15.1M | Post-IPO | – | – | |
| Feb 2020 | $11M | Post-IPO | – | – | |
| Feb 2020 | $9M | Post-IPO | – | – | |
| Nov 2019 | $20M | Post-IPO | – | – | |
| Jun 2019 | $30M | Post-IPO | – | – | |
| Mar 2012 | $3.45M | Post-IPO | – | – | – |
| Mar 2008 | $750M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in MoneyGram
MoneyGram has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Ripple and Stellar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Private equity investments are directed toward key sectors by MDP. | mdcp.com | Chicago, United States | ||
Digital currencies and payments are enabled via an open-source network. | 2014 | stellar.org | San Francisco, United States | |
Blockchain-based payment network for cross-border transfers is developed. | 2012 | ripple.com | San Francisco, United States | |
Cash management and payment services are provided to businesses. | 1859 | brinks.com | Dallas, United States |
Investor details for MoneyGram
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Moneygram India Private Limited (MoneyGram)
Moneygram India Private Limited is the primary company behind MoneyGram. The board of Moneygram India Private Limited currently have 2 directors; the longest-serving is Amit Bhargava, appointed in 2018. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Bhargava DIN 08106612 | Director | 11 Apr 2018 | 8 yrs 6 mo | Moneygram India Private Limited |
| Mukesh Sadashiv Devadiga DIN 11001942 | Additional Director | 06 May 2025 | 1 yr 5 mo | Moneygram India Private Limited |
People of MoneyGram
362 people are tracked at MoneyGram (69 in leadership, 10 in board & advisors, 283 in team).
| Name | Role | Group |
|---|---|---|
Alex Holmes | CEO & Chairman | Leadership |
Luke Tuttle | CTO | Leadership |
Piergiorgio Bocca | Partner Onboarding Specialist | Leadership |
Min-Jie Lou | Head Of Legal | Leadership |
Jamye Sheffield | Head Of IT Operations | Leadership |
Laura Amaya | Compliance Operations Partner II | Leadership |
Mike Tekulve | GM - Head Of Payments And Product Partnerships | Leadership |
Kelsey Weber | Lead Talent Acquisition Partner | Leadership |
Adnan M. | Head Of IT Infrastructure And Engineering | Leadership |
Christophe Vaerewyck | Head Of Regional Compliance Advisory Europe | Leadership |
Arnoldo J. Reyes | General Manager - Moneygram Business / Moneygram Fintech Solutions | Leadership |
Dan Depolis | Head Of Software Development | Leadership |
Megan Morris | Marketing Project Manager And COS To CMO | Leadership |
Emily Tillman | Human Resources Business Partner | Leadership |
Jennifer Williams | Revenue Technology Partner IV (project Manager) | Leadership |
Terry Wallace | Manager, Partner Integrations | Implementation Manager | Technical Account Manager | Leadership |
Taha Charrat | Regional Head Of Maghreb & Francophone West Africa (mafwa) | Leadership |
Elaine Stephenson | VP Talent Management | Leadership |
Pratap G. | Director Of Engineering | Leadership |
Danielle C. | Head Of Marketing - Europe And Africa | Leadership |
342 more people are available in the full profile.
Complete people profiles for MoneyGram
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Financials of MoneyGram
Figures of Moneygram India Private Limited, the primary company behind MoneyGram, for FY 2023. Revenue was ₹79.80 Cr (+39% year on year). Net profit was ₹8.57 Cr (11% margin). EBITDA was ₹11.40 Cr (14% margin). Revenue has grown at a compounded annual rate of +34% over three years and +28% over five years.
- ₹79.80 CrRevenue · FY 2023 · +39% YoY
- ₹8.57 CrNet profit · 11% margin
- ₹11.40 CrEBITDA · 14% margin
- ₹1.00 CrPaid-up capital
- 185Employees (provident fund records)
- +34%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Moneygram India Private Limited are on its company page.
Detailed financial statements for MoneyGram
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by MoneyGram
MoneyGram has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MTI Money Transfer and Nexxo Financial.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Remittance services are delivered via offline agent networks in Europe. | mtiuk.co.uk | Hampshire, United States | 2010 | Sep 2014 | •••• | |
Omni-Channel alternative financial service platform provider. | nexxofinancial.com | Burlingame, United States | 2003 | Jul 2013 | •••• |
Complete acquisition details for MoneyGram
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MoneyGram
7 dated milestones of MoneyGram across 83 years, from founding to its latest funding, stage changes and deals.
- Founded MoneyGram is founded.
- Funding First funding round of $750.0M.
- Acquisition Acquires Nexxo Financial.
- Acquisition Acquires MTI Money Transfer.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by MDP.
- Funding Latest funding round, Post-IPO,.
Competitors of MoneyGram
MoneyGram has 2 listed competitors in our database, 2 of them funded. They include Venmo and Chipper Cash.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| venmo.com | 2009 | New York, United States | $1.2M | 10,793 | Consumer payments are enabled via a mobile digital wallet app. | |
| chippercash.com | 2018 | San Francisco, United States | $305M | Cross-border remittances are enabled for individuals through a mobile wallet. |
Detailed competitors of MoneyGram
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of MoneyGram
The website of MoneyGram (moneygram.com) receives about 3.4M visits a month and ranks #13,762 among all websites worldwide, #890 in Financial Planning and Management.
- Monthly visits3.4M
▼ 6.7% vs previous month
- Unique visitors1.1M
per month
- Global rank#13,762
among all websites
- Category rank#890
Finance · Financial Planning and Management
- Bounce rate28%
- Pages per visit5.3
- Average visit13 min 31 sec
- DevicesDesktop 43% · Mobile 57%
Websites whose visitors overlap most with MoneyGram. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| westernunion.com | 100% | 10.6M | #3,540 | View details | |
| xoom.com | 85% | 2.4M | #14,213 | View details | |
| wmtransfer.com | 72% | #146,264 | View details | ||
| transfermate.com | 71% | 37K | #760,133 | View details | |
| riafinancial.com | 71% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MoneyGram
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- 40 similar websites
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as MoneyGram (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Moneygram
Complete news archive for MoneyGram
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Frequently Asked Questions about MoneyGram
MoneyGram was founded in 1940 and raised its 1st funding round 68 years after it was founded.
MoneyGram is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Alex Holmes is the CEO of MoneyGram, as recorded in our data.
The primary company behind MoneyGram, Moneygram India Private Limited, reported revenue of ₹79.80 Cr for FY 2023, up 39% year on year.
MoneyGram was founded in 1940 and is headquartered in Dallas, United States. Operations focus on the financial services sector, where wallet-enabled platforms support cross-border transactions. Services encompass sending and receiving funds to family and friends, processing bill payments, and delivering notifications for transfer status tracking. Global reach is maintained through digital and agent networks.
MoneyGram's top competitors include Chipper Cash and Venmo.
MoneyGram has made 2 acquisitions, including MTI Money Transfer, and Nexxo Financial.
MoneyGram has 5 investors. Key investors include Goldman Sachs, Ripple, Stellar, Brink's India, and Madison Dearborn Partners.
MoneyGram operates through Moneygram India Private Limited.
Yes. MoneyGram was acquired by MDP in February 2022.
The legal entities of MoneyGram currently have 2 directors, including Amit Bhargava, Mukesh Sadashiv Devadiga.
Yes. MoneyGram publishes MoneyGram® Money Transfers App, with over 5 million downloads.