International Money Express Inc Dossier
Qualitative Analysis
Business overview
International Money Express, Inc. (NASDAQ: IMXI), widely known as Intermex, is a leading omnichannel money transfer provider focused primarily on the United States to Latin America and the Caribbean (LAC) corridors. Founded in 1994 and headquartered in Miami, Florida, the company enables consumers to send money from the U.S., Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries. Intermex operates through a highly efficient physical network of agent retail locations, company-operated stores, and increasingly through its mobile app and websites. The company generates revenue primarily from transaction-based transfer fees and foreign exchange margins on currency conversions.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Aggressive investment in digital customer acquisition, marketing, and mobile app enhancements to capture younger, tech-savvy customers and scale digital transaction volumes.
Expected impact: Accelerate digital transaction growth and transition the company into a comprehensive omnichannel remittance provider.
Launch and expansion of a proprietary Remittance-as-a-Service (RaaS) platform to help businesses simplify cross-border payments and leverage Intermex's advanced APIs and infrastructure.
Expected impact: Diversify revenue streams by enabling third-party businesses to utilize Intermex's payout network and compliance infrastructure.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To enhance digital remittance capabilities, leverage superior unit economics, access state-of-the-art talent, and expand presence in Central America.
Financial impact: Anticipated to generate between $3.5 million and $5.0 million of incremental adjusted EBITDA in 2025.
Strategic Partnerships
Reshapes how Guatemalans receive money from abroad through the launch of the Zigi App, powered by Intermex Digital Solutions, allowing instant digital deposits using only a phone number.
Terms: Promotional rates available for eligible users
Strengthens cross-border financial connectivity and solidifies leadership in the key U.S.-to-Dominican Republic remittance corridor by combining Caribe Express's payout network with Intermex's digital infrastructure.
Extends money remittance services to African communities living abroad, utilizing Intermex's Wire-as-a-Service platform to facilitate transfers across Africa.
Terms: Zeepay will lead Intermex's Africa business in partnership with the brand
Intermex's inaugural sports sponsorship, establishing it as the Official International Remittance Partner of the LA Galaxy to target the large Latino demographic in Los Angeles ahead of the 2026 FIFA World Cup and 2028 Olympics.
Terms: Title sponsorship of the 2025 Mexican Heritage Night and Presenting Partner of the LA Galaxy Soccer Center