Western Union to Acquire International Money Express (Intermex) in $500 Million Deal

International Money Express (Intermex) Acquires La Nacional; Agrees to Acquire LAN Holdings / I-Transfer

November 1, 2022

Payments & Fintech

International Money Express, Inc. (Intermex) completed the acquisition of Envios de Valores La Nacional Corp., paying $42.3 million in cash plus up to $2.4 million of contingent consideration, strengthening its remittance footprint to the Dominican Republic and other Latin American corridors. Intermex also announced a related transaction to acquire LAN Holdings Corp., which includes Spain-based I-Transfer Global Payments, expanding Intermex’s reach into Europe and increasing its global footprint to more than 70 countries.

Western Union Acquires 15% Stake in stc Bank

October 12, 2021

Payments & Fintech

The Western Union Company acquired a 15% minority stake in stc Bank for $200 million, marking a strategic minority investment to deepen its presence in the Middle East payments ecosystem. The deal extends an existing commercial partnership—Western Union will provide cross-border money transfer capabilities to stc Bank's app as stc Bank launches as one of Saudi Arabia's first digital banks.

WorldRemit Acquires Sendwave

August 25, 2020

Payments & Fintech

WorldRemit has agreed to acquire Sendwave in a cash-and-stock transaction expected to close in Q4 2020, subject to regulatory approvals. Sendwave will continue to operate independently under its existing brand and management, and the deal expands WorldRemit's reach across Africa and into Bangladesh, creating a larger digital remittances platform.

DolEx Dollar Express and Barri Financial Group Merge

August 1, 2022

Financial Services

DolEx Dollar Express, Inc. and Barri Financial Group signed a definitive agreement to merge and form a combined consumer financial services company headquartered in Houston, Texas. The combined business will scale their complementary cross-border money transfer, check cashing and bill payment platforms to expand geographic reach, retail distribution and customer acquisition across the U.S. and key remittance corridors.

Advisor360° Acquires the Wealth Management Technology Assets of Agreement Express

January 19, 2023

Cloud & SaaS

Advisor360° acquired the digital onboarding and wealth management technology assets (including technology, IP, clients and professionals) of Agreement Express from Frontier Growth, completing the transaction on December 23, 2022. The deal expands Advisor360°'s multi-custodian support, CRM integrations and global team (including staff in Canada); Agreement Express's payments business was sold to NMI earlier in December 2022.

Madison Dearborn Partners Acquires MoneyGram International for $1.8 Billion

February 15, 2022

Payments & Fintech

Madison Dearborn Partners (MDP) announced it will buy MoneyGram International, Inc. for $1.8 billion in an all-cash transaction at $11 per share. The definitive agreement was approved by MoneyGram’s board, with closing expected in the fourth quarter of 2022 subject to shareholder and regulatory approvals.