Enova International Acquires Pangea Universal Holdings (Pangea Money Transfer)
March 19, 2021
Enova International has acquired Pangea Universal Holdings, a Chicago-based mobile-first international money transfer platform that serves transfers from the U.S. to about 40 countries with a focus on Latin America and Asia. Enova will leverage its AI/ML, analytics and online financial-services capabilities to expand into the remittance market while Pangea's CEO Nishu Thukral will continue to lead the business.
- Buyers
- Enova International
- Targets
- Pangea Universal Holdings
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Transaction Type
- Buyout
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