Investments
3Portfolio Exits
4Partners & Customers
10Service Providers
1About Western Union
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.
Want to inform investors similar to Western Union about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Expert Collections containing Western Union
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Western Union in 1 Expert Collection, including Fortune 500 Investor list.
Fortune 500 Investor list
590 items
This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.
Research containing Western Union
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Western Union in 3 CB Insights research briefs, most recently on Mar 15, 2022.
Mar 15, 2022 report
Everything you need to know about what Amazon is doing in financial services
Jan 25, 2022 report
What Are Stablecoins?Latest Western Union News
Mar 22, 2023
Western Union (NYSE:WU) and MoMo announced a strategic collaboration “enabling customers to receive Western Union money transfers on the MoMo app.” It is reportedly the “first” time a money transfer operator’s services “have become available on a leading super app in Vietnam.” Key insights from... Read More
Western Union Investments
3 Investments
Western Union has made 3 investments. Their latest investment was in stc pay as part of their Corporate Minority on November 11, 2020.
Western Union Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/21/2020 | Corporate Minority | stc pay | $200M | Yes | 13 | |
12/5/2016 | Corporate Minority | |||||
4/28/2016 | Series B |
Date | 11/21/2020 | 12/5/2016 | 4/28/2016 |
|---|---|---|---|
Round | Corporate Minority | Corporate Minority | Series B |
Company | stc pay | ||
Amount | $200M | ||
New? | Yes | ||
Co-Investors | |||
Sources | 13 |
Western Union Portfolio Exits
4 Portfolio Exits
Western Union has 4 portfolio exits. Their latest portfolio exit was Western Union - Germany on June 07, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/7/2022 | Divestiture | Western Union - Germany | 1 | ||
Date | 6/7/2022 | |||
|---|---|---|---|---|
Exit | Divestiture | |||
Companies | Western Union - Germany | |||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
Western Union Acquisitions
8 Acquisitions
Western Union acquired 8 companies. Their latest acquisition was Te Enviei on September 12, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/12/2022 | Acquired | 18 | ||||
12/14/2011 | Debt | |||||
10/10/2011 | ||||||
7/5/2011 | ||||||
10/15/2009 |
Date | 9/12/2022 | 12/14/2011 | 10/10/2011 | 7/5/2011 | 10/15/2009 |
|---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 18 |
Western Union Partners & Customers
10 Partners and customers
Western Union has 10 strategic partners and customers. Western Union recently partnered with MFS Africa on March 3, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/2/2023 | Partner | South Africa | Western Union partners with MFS Africa to enable money transfers mobile wallets across Africa MFS Africa has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories . | 8 | |
3/1/2023 | Partner | United States | Western Union and 7-Eleven México Announce Strategic Alliance to Send and Receive Money Cross-Border Western Union , a leader in cross-border , cross-currency money movement and payments , and 7-Eleven Mexico , the world 's largest convenience store chain , today announced a strategic alliance to help facilitate cross-border money transfer capabilities in Mexico .1 | 3 | |
2/24/2023 | Licensor | Australia | Business : Western Union, Beforepay collaboration boosts cross-border money transfers Western Union , Beforepay collaboration boosts cross-border money transfers | 2 | |
2/24/2023 | Client | ||||
2/22/2023 | Client |
Date | 3/2/2023 | 3/1/2023 | 2/24/2023 | 2/24/2023 | 2/22/2023 |
|---|---|---|---|---|---|
Type | Partner | Partner | Licensor | Client | Client |
Business Partner | |||||
Country | South Africa | United States | Australia | ||
News Snippet | Western Union partners with MFS Africa to enable money transfers mobile wallets across Africa MFS Africa has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories . | Western Union and 7-Eleven México Announce Strategic Alliance to Send and Receive Money Cross-Border Western Union , a leader in cross-border , cross-currency money movement and payments , and 7-Eleven Mexico , the world 's largest convenience store chain , today announced a strategic alliance to help facilitate cross-border money transfer capabilities in Mexico .1 | Business : Western Union, Beforepay collaboration boosts cross-border money transfers Western Union , Beforepay collaboration boosts cross-border money transfers | ||
Sources | 8 | 3 | 2 |
Western Union Service Providers
1 Service Provider
Western Union has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acquired Unit | Investment Bank | Financial Advisor |
Service Provider | |
|---|---|
Associated Rounds | Acquired Unit |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
Western Union Team
58 Team Members
Western Union has 58 team members, including current Chief Executive Officer, President, Hikmet Ersek.
Name | Work History | Title | Status |
|---|---|---|---|
Hikmet Ersek | GE Capital | Chief Executive Officer, President | Current |
Name | Hikmet Ersek | ||||
|---|---|---|---|---|---|
Work History | GE Capital | ||||
Title | Chief Executive Officer, President | ||||
Status | Current |
Compare Western Union 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.
TransferGo is an international money transfer service that allows users to transfer money online across Europe and other global destinations.
Global66 is a fintech company offering online money transfer and money order services.
BCRemit is an online money transfer service (via mobile app, web, and call center) that provides the ability to send money via mobile phone, tablet or laptop/PC from the UK to the Philippines.
OlehPay provides a transfer option for sending money to Israel. It transfers funds online, offers an affordable exchange rate, and avoids costly wires. It was founded in 2015 and is based in Jerusalem, Israel.
SWIFT is a global cooperative and provider of secure financial messaging services. It provides its community with a platform for messaging and standards for communicating, and offers products and services to facilitate access and integration, identification, analysis, and regulatory compliance.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.