Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express, Inc. (NASDAQ: IMXI), known as Intermex, generates frequent news as a money remittance and digital payments company focused on cross-border transfers. Founded in 1994 and headquartered in Miami, Florida, Intermex enables consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries, with payouts through thousands of retail and bank locations worldwide.
News about Intermex often centers on its role as a money remittance provider to Latin America and the Caribbean, as well as its expansion into additional regions. Recent announcements highlight strategic partnerships that reshape key corridors, such as alliances with Banco Industrial in Guatemala to power the Zigi App, with Caribe Express in the Dominican Republic, and with Orbit Money Transfer in Canada. These stories emphasize digital remittance experiences, financial inclusion, and enhanced access to secure transfers.
Investors and observers can also follow updates on Intermex’s technology platforms, including its Remittance-as-a-Service offering, Business-to-Business Solutions, and Payroll Card Program. Press releases describe how these services allow businesses and financial institutions to embed cross-border payments, digitize payroll, and connect to Intermex’s payout network.
Another important stream of news involves corporate developments and regulatory milestones. Intermex and The Western Union Company have entered into a merger agreement under which Western Union plans to acquire Intermex, subject to stockholder and regulatory approvals and other conditions. Company communications provide details on the merger process, financial results, and non-GAAP performance measures. For users tracking IMXI, this news feed offers a centralized view of operational initiatives, corridor expansions, partnership activity, and transaction-related disclosures.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
International Money Express, Inc. (NASDAQ: IMXI) has announced an amendment to its revolving credit facility, increasing the maximum borrowing amount from $150 million to $220 million. The new terms and interest rates remain unchanged, with the facility set to mature in 2026.
Additionally, the amendment introduces an uncommitted incremental capacity of $70 million, available for future borrowing. The CFO, Andras Bende, stated that this financial flexibility could support organic growth and potential mergers and acquisitions, as well as facilitate opportunistic share buybacks.
Intermex operates a network for money remittance across more than 60 countries, using proprietary technology since its inception in 1994.
International Money Express, Inc. (NASDAQ: IMXI) will announce its First Quarter 2023 earnings on May 4, 2023, before market opening. The company will also host a conference call at 9:00 am ET on the same day to discuss financial and operational results. Investors can access the call by dialing 1-877-210-0456 for domestic or 1-212-231-2914 for international inquiries, or via a webcast. An audio replay will be available until May 18, 2023. Founded in 1994, Intermex provides money transfer services from the U.S., Canada, and Europe to over 60 countries, utilizing a network of agents, stores, a mobile app, and online services.
Intermex expands into the European remittance market
On April 5, 2023, International Money Express (NASDAQ: IMXI) announced the acquisition of LAN Holdings, Corp., which includes I-Transfer Global Payments, a Spain-based money transmitter. This acquisition enables Intermex to offer outbound remittances from Spain, Italy, and Germany for the first time, enhancing its presence in Canada and expanding its global footprint to over 60 countries.
Intermex paid $8.6 million for the acquisition, emphasizing its commitment to profitable growth and superior service for customers and partners.
FAQ
What is the current stock price of International Mny Express (IMXI)?
What is the market cap of International Mny Express (IMXI)?
