About Western Union
Western Union is a company based in Denver (United States) founded in 1851 was acquired by Goldfinch Partners in March 2022.. The company has 9,100 employees as of December 31, 2024. Western Union has completed 9 acquisitions, including Custom House, Customhouse and Grupo Fitta. Western Union offers products and services including Online Money Transfer, In-Person Transfer, and Mobile Top-up. Western Union operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and SentBe, among others.
- Headquarter Denver, United States
- Employees 9100 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name Western Union Company (The)
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Annual Revenue
$4.2 B-3.38as on Dec 31, 2024
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Net Profit
$934.2 M49.23as on Dec 31, 2024
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EBITDA
$905.1 M-9.6as on Dec 31, 2024
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Latest Funding Round
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Investors
Goldfinch Partners
& 1 more
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Employee Count
9100
as on Dec 31, 2024
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Investments & Acquisitions
Custom House
& 8 more
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Acquired by
Goldfinch Partners
(Mar 01, 2022)
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IPO & Listings of Western Union
Western Union is a publicly listed company on the NYSE with ticker symbol WU in USA, operating in the Finance 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 Western Union
Western Union offers a comprehensive portfolio of products and services, including Online Money Transfer, In-Person Transfer, and Mobile Top-up. 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 sending money internationally via website or app
Money transfer through agent locations worldwide
Recharge mobile phones for recipients via platform
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Software Development Team
90 people
Leadership Team
65 people
Product Management Team
61 people
Legal and Compliance
59 people
Sales and Marketing
55 people
Finance and Accounting
29 people
Senior Team
24 people
Operations Team
18 people
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Funding Insights of Western Union
| 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 Western Union
Western Union has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldfinch Partners and The Baupost Group. 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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Goldfinch Partners is focused on accelerating digital transformation through investments.
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Founded Year | Domain | Location | |
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Conducts long-term value-oriented investments for families, foundations, and institutions.
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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 Western Union
Western Union has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Custom House, Customhouse and Grupo Fitta. 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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Business solutions for travel operations are provided internationally.
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2021 | ||||
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Cross-border payments are provided for businesses and individuals.
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2018 | ||||
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Alternate cash payment options for online purchases are facilitated.
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2004 |
| 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 - Western Union
| 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 |
Western Union Comparisons
Competitors of Western Union
Western Union 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 SentBe, 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 |
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 Western Union
Frequently Asked Questions about Western Union
When was Western Union founded?
Western Union was founded in 1851.
Where is Western Union located?
Western Union is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
How many employees does Western Union have?
As of Dec 31, 2024, the latest employee count at Western Union is 9,100.
What is the annual revenue of Western Union?
Annual revenue of Western Union is $4.2B as on Dec 31, 2024.
What does Western Union do?
The Western Union Company a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. It has a combined network of approximately 455,000 agent locations in 200 countries and territories. The company offer online and through phone, money transfer service in selected countries. Though the service is offered to both individual and businesses, it varies too from a different country to country like, in India business cannot use it to send money. In 2020, the company recorded annual revenues of 4.8 B and a net profit of 744.3 M.
Who are the top competitors of Western Union?
Western Union's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Western Union offer?
Western Union offers Online Money Transfer, In-Person Transfer, and Mobile Top-up.
Is Western Union publicly traded?
Yes, Western Union is publicly traded on NYSE under the ticker symbol WU.
How many acquisitions has Western Union made?
Western Union has made 9 acquisitions, including Custom House, Customhouse, and Grupo Fitta.
Who are Western Union's investors?
Western Union has 2 investors. Key investors include Goldfinch Partners, and The Baupost Group.
What is Western Union's ticker symbol?
The ticker symbol of Western Union is WU on NYSE.
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