M&A Deal Summary

Intermex Acquires I-Transfer

On March 16, 2022, Intermex acquired financial services company I-Transfer

Acquisition Highlights
  • This is Intermex’s 3rd transaction in the Financial Services sector.
  • This is Intermex’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-03-16
Target I-Transfer
Sector Financial Services
Buyer(s) Intermex
Deal Type Add-on Acquisition

Target

I-Transfer

Madrid, Spain
I-Transfer is a money remittance transfer company. Through I-Transfer’s offices and branches in Spain, Italy, and Germany, and its wide network of agents and payors, I-Transfer offers fast, efficient, and reliable money remittance services to its customers. I-Transfer is headquartered in Madrid, Spain, with offices in Milan, Italy, and Frankfurt, Germany.

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Buyer(S) 1

Buyer

Intermex

Miami, Florida, United States

Category Company
Founded 1994
Sector Financial Services
Revenue 659M USD (2024)
DESCRIPTION

Intermex applies proprietary technology, enabling consumers to send money from the United States, Canada, and Europe to more than 60 countries. The Company provides the digital movement of money through a network of agent retailers in the United States, Canada, and Europe; Company-operated stores; mobile app; and website. Intermex was formed in 1994 and is headquartered in Miami, Florida.


DEAL STATS #
Overall 3 of 4
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Spain M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 La Nacional

Denver, Colorado, United States

La Nacional is a large Hispanic remittance company. La Nacional has licenses to operate in 34 states and an extensive network of more than 35,000 global pay points. La Nacional is headquartered in Denver, Colorado with offices in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Amigo Paisano

Pinecrest, Florida, United States

Amigo Paisano is a fintech company that provides an easy and fast way to send remittances to Latin America. Amigo Paisano was founded in 2019 and is based in Pinecrest, Florida.

Buy -