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
Location
Illinois, United States
Transaction Type
Buyout

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