About Pangea Money Transfer
Pangea Money Transfer is a company based in Chicago (United States) founded in 2012 was acquired by Enova in March 2021.. Pangea Money Transfer has raised $39.8 million across 8 funding rounds from investors including Enova, IGNIA and Method Capital. Pangea Money Transfer operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter Chicago, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Pangea Universal Holdings, Inc.
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Funding Insights of Pangea Money Transfer
Pangea Money Transfer has successfully raised a total of $39.8M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $11.62 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $11.6M
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First Round
First Round
(08 Jan 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Series B - Pangea Money Transfer | Valuation | KDWC Ventures | |
| Dec, 2016 | Amount | Series B - Pangea Money Transfer | Valuation |
investors |
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| Mar, 2015 | Amount | Series A - Pangea Money Transfer | Valuation |
investors |
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| 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 Pangea Money Transfer
Pangea Money Transfer has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Enova, IGNIA and Method Capital. 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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Venture capital investments are made by IGNIA across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Midwest technology companies.
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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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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 Pangea Money Transfer
| 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 |
Financial Statements - Pangea Money Transfer
| 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 |
Pangea Money Transfer Comparisons
Competitors of Pangea Money Transfer
Pangea Money Transfer 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 Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, 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 |
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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Online foreign exchange and remittance services are facilitated in India.
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International money transfer service provider.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Pangea Money Transfer
Frequently Asked Questions about Pangea Money Transfer
When was Pangea Money Transfer founded?
Pangea Money Transfer was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Pangea Money Transfer located?
Pangea Money Transfer is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Pangea Money Transfer?
Nishu Thukral is the current CEO of Pangea Money Transfer.
Is Pangea Money Transfer a funded company?
Pangea Money Transfer is a funded company, having raised a total of $39.8M across 8 funding rounds to date. The company's 1st funding round was a Series A of $2.8M, raised on Jan 08, 2013.
What does Pangea Money Transfer do?
Pangea money transfers mobile app allows users to transfer money from the US to Lat-Am and Asia. Offers transfers at locked-in exchange rates as bank deposits cash payouts for a fixed charge ranging from 4.95 to 8.00 respectively. Has multiple cash pickup locations in both Lat-Am and Asia. Transfer limit is 2,999 per day and 6000 per month; 300 as cash per day and 2000 cash per month. The transferred money can be deposited in the bank account or collected in cash.
Who are the top competitors of Pangea Money Transfer?
Pangea Money Transfer's top competitors include Azimo, Euronet Worldwide and NALA.
Who are Pangea Money Transfer's investors?
Pangea Money Transfer has 10 investors. Key investors include Enova, IGNIA, Method Capital, Jump Capital, and Chicago Ventures.