International Money Express, Inc. (Intermex) is a leading provider of money remittance services, focusing heavily on the corridor between the United States and Latin America and the Caribbean (LAC). The company operates through a single reportable segment dedicated to money transmittal services, generating 100% of its revenue primarily through transaction fees and foreign exchange margins on cross-border transfers. Intermex offers a suite of services including wire transfers, money orders, check processing, and prepaid debit cards. The company utilizes an omnichannel model, allowing customers to send money in person through a vast network of over 100,000 sending and paying agent locations and company-operated stores, or digitally via its mobile application and website. While its primary market is the US-to-LAC corridor (particularly Mexico and Guatemala), Intermex has expanded its geographic footprint to include outbound services from Canada, Spain, Italy, the United Kingdom, and Germany, reaching destination countries in Africa and Asia. The company's competitive position is supported by its proprietary financial technology, strong relationships with major banks and financial institutions for clearing and exchange rate management, and a dense network of retail agents. In August 2025, Intermex entered into a definitive agreement to be acquired by The Western Union Company, with the transaction expected to close in mid-2026.
