MoneyGram International
Founded Year
2003Stage
Take Private | AliveValuation
$0000About MoneyGram International
MoneyGram International (NASDAQ: MGI) provides money transfer services to financial institutions and retail customers. The company also provides bill payment services, issues money orders, and processes official checks. It was founded in 2003 and is based in Minneapolis, Minnesota.
MoneyGram International's Product Videos
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MoneyGram International's Products & Differentiators
Money Transfers
We offer money transfer services through our retail business and direct-to-consumer digital business. The retail segment connects customers around the world through our global agent network of over 410,000 locations. Whether through friendly human interaction or our seamless kiosk service, customers can send and receive money to and from more than 200 countries and territories, all while picking up groceries and other essentials. The digital segment includes our leading mobile app and moneygram.com, where consumers can send money from the convenience of their own homes to any of our agent locations worldwide, a recipient's bank account or a recipient's mobile wallet. MoneyGram has a trusted network of two billion+ accounts around the world, which allows our customers to conveniently send money directly to their loved ones.
Research containing MoneyGram International
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned MoneyGram International in 1 CB Insights research brief, most recently on Nov 10, 2022.
Expert Collections containing MoneyGram International
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MoneyGram International is included in 3 Expert Collections, including Gig Economy Value Chain.
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Payments
2,672 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
7,985 items
US-based companies
MoneyGram International Patents
MoneyGram International has filed 122 patents.
The 3 most popular patent topics include:
- Cryptocurrencies
- Digital currency exchange
- Financial markets
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/16/2021 | 5/30/2023 | Payment systems, Electronic funds transfer, Payment service providers, Mobile payments, Banking technology | Grant |
Application Date | 6/16/2021 |
|---|---|
Grant Date | 5/30/2023 |
Title | |
Related Topics | Payment systems, Electronic funds transfer, Payment service providers, Mobile payments, Banking technology |
Status | Grant |
Latest MoneyGram International News
Jun 2, 2023
MDP Acquires MoneyGram Madison Dearborn Partners, a private equity investment firm based in Chicago, has acquired MoneyGram International Inc., a global financial technology company, for $11 per share. Through its fintech offerings, MoneyGram offers customers the ability to send money to family and friends, and buy, sell and hold cryptocurrencies on its app. The company is based in Dallas, Texas. MoneyGram’s common stock has ceased trading and will be delisted from the Nasdaq. “MDP looks forward to providing the platform and resources for the MoneyGram team to capitalize on the numerous opportunities ahead and further enhance its market-leading cross-border capabilities,” says Brendan Barrett, a managing director on MDP’s financial and transaction services team BofA Securities Inc. served as financial advisor to MoneyGram, Vinson & Elkins LLP acted as legal counsel and Paul Hastings LLP acted as financial services regulatory counsel. Goldman Sachs & Co. LLC acted as financial advisor to MDP, Deutsche Bank Securities Inc., Barclays and J.P. Morgan Securities LLC acted as financial advisors to MDP and Latham & Watkins LLP, Kirkland & Ellis LLP and Covington & Burling LLP provided legal counsel.
MoneyGram International Frequently Asked Questions (FAQ)
When was MoneyGram International founded?
MoneyGram International was founded in 2003.
Where is MoneyGram International's headquarters?
MoneyGram International's headquarters is located at 1550 Utica Avenue South, Minneapolis.
What is MoneyGram International's latest funding round?
MoneyGram International's latest funding round is Take Private.
Who are the investors of MoneyGram International?
Investors of MoneyGram International include Madison Dearborn Partners, Ripple, The Brink's Company, Thomas H. Lee Partners and Goldman Sachs.
Who are MoneyGram International's competitors?
Competitors of MoneyGram International include CashQ, Leaf Global Fintech, Remessa Online, TransferGo, Global66 and 14 more.
What products does MoneyGram International offer?
MoneyGram International's products include Money Transfers and 3 more.
Compare MoneyGram International to Competitors
ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.
Western Union (NYSE: WU) provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The company was founded in 1851 and is based in Denver, Colorado.
Global66 is a financial technology company. It offers online money transfer and money order services such as money transfer services, money orders, and more. It was founded in 2018 and is based in Santiago, Chile.
CashQ develops a cross-border payment processing platform for business. It was founded in 2019 and is based in Miami, Florida.
TransferMate, a subsidiary of CluneTech, is a provider of B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments faster, easier, and at lower cost. Banks, fintech companies, and software providers partner with TransferMate to offer an enhanced user experience for their business customers. The TransferMate API solution allows partners to digitalize the payments flow within their software, enabling all businesses to achieve significant time and financial savings. The company was founded in 2010 and is based in Kilkenny, Ireland. It operates as a subsidiary of Clunetech.
Payall provides correspondent banking as a service. It offers and supports cross-border payment and international funds transfer infrastructure for banks, credit unions, money institutions, and other financial institutions. The company was founded in 2018 and is based in Miami Beach, Florida.
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