About MoneyGram
MoneyGram is a company based in Dallas (United States) founded in 1940 was acquired by MDP in February 2022.. MoneyGram has completed 2 acquisitions, including MTI Money Transfer and Nexxo Financial. MoneyGram operates in a competitive market with competitors including PhonePe, MobiKwik, Alpha Bank, MoMo and Paytm, among others.
- Headquarter Dallas, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Goldman Sachs
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
MTI Money Transfer
& 1 more
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Acquired by
MDP
(Feb 15, 2022)
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Software Development Team
129 people
Legal and Compliance
103 people
Leadership Team
16 people
Sales and Marketing
15 people
Operations Team
14 people
Head Team
9 people
Senior Team
8 people
Human Resources and Administration
6 people
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Funding Insights of MoneyGram
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(25 Mar 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Post-IPO - MoneyGram | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - MoneyGram | Valuation |
investors |
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| Feb, 2020 | Amount | Post-IPO - MoneyGram | 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 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. 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 banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward key sectors by MDP.
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Founded Year | Domain | Location | |
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Digital currencies and payments are enabled via an open-source network.
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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 MoneyGram
MoneyGram has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MTI Money Transfer and Nexxo Financial. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
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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Remittance services are delivered via offline agent networks in Europe.
|
2010 | ||||
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Omni-Channel alternative financial service platform provider.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MoneyGram
| 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 |
Moneygram Comparisons
Competitors of MoneyGram
MoneyGram 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 PhonePe, MobiKwik, Alpha Bank, MoMo and Paytm, 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 |
Payment, financial, investment, and lending services are provided digitally.
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| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
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| domain | founded_year | HQ Location |
Alpha Bank is recognized as a leading financial institution in Greece.
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| domain | founded_year | HQ Location |
MoMo is recognized as a leading fintech application in Vietnam, providing diverse financial services.
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
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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 Moneygram
Frequently Asked Questions about MoneyGram
When was MoneyGram founded?
MoneyGram was founded in 1940 and raised its 1st funding round 68 years after it was founded.
Where is MoneyGram located?
MoneyGram is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of MoneyGram?
Alex Holmes is the current CEO of MoneyGram.
What does MoneyGram do?
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.
Who are the top competitors of MoneyGram?
How many acquisitions has MoneyGram made?
MoneyGram has made 2 acquisitions, including MTI Money Transfer, and Nexxo Financial.
Who are MoneyGram's investors?
MoneyGram has 5 investors. Key investors include Goldman Sachs, Ripple, Stellar, Brink's India, and Madison Dearborn Partners.
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