Intermex Closes $500 Million Investment Round

Intermex has secured $500,000,000 in funding from investors. This significant capital raise marks a substantial investment in the company, highlighting investor confidence in its established business model and future growth trajectory within the cross-border payments sector. Founded in 1994, Intermex operates a proprietary technology platform that facilitates money transfers for consumers. The company enables individuals to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to over 60 countries worldwide. Intermex offers digital money movement through its website and mobile application, complemented by a network of agent retailers and company-operated stores across its originating markets. Transactions are completed and paid through thousands of retail locations and banks globally. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. The newly secured capital is intended to support Intermex's strategic growth initiatives. The company plans to deploy these funds to further enhance its proprietary technology infrastructure, expand its global operational capacity, and potentially broaden its service offerings. This investment is positioned to strengthen Intermex's financial foundation as it continues to scale its operations. This funding round underscores the company's ongoing commitment to facilitating reliable and efficient international money transfers. Intermex aims to continue its expansion, ensuring it can meet the evolving demands of its diverse customer base and strengthen its presence in key remittance corridors globally.