International Money Express, Inc. provides omnichannel money remittance services focused on corridors from the United States and Canada to Latin America, the Caribbean and other international markets. Company news commonly covers digital money-transfer partnerships, payout-network expansion, wire transfer services, money order activity and technology used to support branded and business-to-business remittance programs.
Recurring developments include alliances with banks, fintechs and money service businesses, digital account-to-account receiving options, payroll card features, mobile and web remittance tools, and expansion of Intermex transfer infrastructure into additional corridors such as Canada, the Dominican Republic, Guatemala and Africa.
Western Union (NYSE: WU) has announced a definitive agreement to acquire International Money Express (Intermex) in an all-cash transaction valued at approximately $500 million, or $16.00 per IMXI share. The deal represents a 50% premium to Intermex's 90-day volume-weighted average price.
The strategic acquisition aims to strengthen Western Union's North American retail presence and expand its reach in Latin American markets. The merger is expected to be immediately accretive to Western Union's adjusted EPS by more than $0.10 in the first full year post-close and generate $30 million in annual run-rate cost synergies within 24 months.
The transaction, unanimously approved by both companies' boards, is expected to close in mid-2026, subject to regulatory approvals and Intermex stockholder approval. The integration will provide Western Union access to Intermex's 6 million customers and enhance its digital platform capabilities.
International Money Express (NASDAQ: IMXI) has scheduled its Second Quarter 2025 earnings release for Monday, August 11, 2025 after market close. The company will host a conference call at 4:45 PM ET on the same day to discuss financial results and operational achievements.
Investors can access the conference call through two methods: via webcast through Intermex's Investor Relations website, or by telephone after registering to receive dial-in details. The webcast recording will remain available for one year on the company's investor website.
International Money Express (NASDAQ: IMXI) has launched an enhanced Remittance-as-a-Service (RaaS) platform, enabling businesses to integrate cross-border money transfer capabilities into their services. The platform serves markets including Mexico, Guatemala, Honduras, Dominican Republic, El Salvador, and select countries in Southeast Asia, EU, and Africa.
The upgraded RaaS solution offers customizable branded experiences across WhatsApp, mobile apps, and web platforms. Key features include integrated payment services, merchant account management, anti-fraud tools, and 24/7 bilingual support. The platform provides necessary licensing, compliance measures, and access to Intermex's extensive Latin American payout network supporting multiple payment methods.
International Money Express (NASDAQ: IMXI) has announced it will release its First Quarter 2025 earnings before trading begins on Wednesday, May 7, 2025. The company will host a conference call at 9:00 am ET on the same day.
Investors and interested parties can access the earnings discussion through two channels: via live broadcast through the Investor Relations section of Intermex's website, or by telephone conference call after registering to receive dial-in details. An archived version of the webcast will remain available on the company's website for one year following the call.
International Money Express (NASDAQ: IMXI) has launched Intermex SOMA (Store Owner Management App), a new mobile platform designed to enhance business management for Intermex agents. The app provides real-time visibility into business metrics, allowing store owners to track performance, monitor commissions, and receive instant alerts.
The platform features a comprehensive dashboard displaying MTD, YTD, MoM, and YoY performance views, along with push notifications and built-in contact features for immediate support. Chief Product, Marketing & Digital Officer Marcelo Theodoro emphasizes the app's focus on empowering agent partners, primarily small business owners, with improved control and convenience.
This launch represents a significant advancement in Intermex's digitization and omnichannel strategies, with plans for future updates to include deal management tools, marketing materials access, and new service features.
International Money Express (NASDAQ: IMXI) reported its Q4 and full-year 2024 results, with annual revenues staying flat at $658.6 million and net income slightly decreasing by 1.2% to $58.8 million. The company achieved ~10% EPS growth, with diluted EPS reaching $1.79.
Key highlights include:
- Q4 revenues declined 4.1% to $164.8 million
- Digital money transfer revenues grew 48.3% in Q4
- Full-year total principal sent decreased 0.8% to $24.4 billion
- Company ended Q4 with $130.5 million in cash
The Board suspended its strategic alternatives review process, determining that current business model offers better long-term value. The company repurchased 3,765,320 shares for $75.1 million in 2024, with $63.2 million remaining in the buyback program. For 2025, IMXI projects revenues of $657.5-677.5 million and diluted EPS of $1.76-1.91.