Viamericas, a leader in the remittance and international money transfer industry, has announced it raised $113.6 million. This investment aims to expedite the expansion of its global remittance network and to enhance its digital payment platforms, which are designed to serve families across 95 countries. The funding round was spearheaded by Old National Bank, with participation from several financial institutions, including the Bank of Oklahoma Financial, Axos Bank, and U.S. Bank. FT Partners played a major role as the exclusive strategic and financial advisor for Viamericas throughout this transaction, providing expert guidance and support.
Viamericas operates an extensive and diverse network that encompasses over 300,000 payout locations across 95 countries. In addition to traditional cash pickups, the company facilitates direct account deposits to more than 2,700 major banks and supports 107 mobile wallets worldwide. This robust infrastructure not only streamlines the money transfer process but also offers families increased flexibility and security when sending financial support to loved ones across borders.
The timing of this funding is particularly important, as global remittances have become an essential component of international financial flows, significantly impacting the lives of families and contributing to economic stability in both sender and recipient countries. Viamericas is uniquely positioned to leverage its combination of agent-based services and advanced digital platforms to meet the growing demand for faster, more reliable, and secure cross-border payment solutions, making it easier for families to stay connected and support one another financially.
KEY QUOTES:
“Viamericas has been a long-time partner demonstrating strong growth and financial performance. Over the past year, they have enhanced their real-time remittance capabilities, underscoring a strong commitment to innovation and growth. These initiatives, combined with its dedication to accessible and reliable financial services, further strengthen its position as a trusted partner.”
Roger Kallal, Corporate Banking SVP at Old National Bank
“This funding strengthens our long-term partnership with our bank partners and accelerates our mission of helping families connect and thrive.”
Joseph Argilagos, Executive Chairman and co-founder of Viamericas
“With this strong demonstration of support from our bank partners we can now expand more rapidly to deliver the fast, safe and secure services that help people support their loved ones back home.”
Paul Dwyer, Chief Executive Officer and co-founder
