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Western Union company logo
Corporation
INTERNET | Internet Software & Services / Payments
westernunion.com

Investments

3

Portfolio Exits

4

Partners & Customers

10

Service Providers

1

About 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 Istanbul, Turkey.

Headquarters Location

Maslak Mah. Ahi Evran Cad. Polaris İş Merkezi Apt. No:21/29 34398

Istanbul,

Turkey

+90 212 375 57 50

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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.

F

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 2 CB Insights research briefs, most recently on Feb 23, 2024.

Latest Western Union News

Cross-Border Payments: Western Union and Mercado Pago to Enable Transfers from US, Canada to Mexico

Feb 23, 2024

Western Union (NYSE: WU)  and Mercado Pago have announced growth in their existing relationship, giving United States and Canadian customers the ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in... 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 21, 2020.

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Western Union Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/21/2020

Corporate Minority

stc pay

$200M

Yes

13

12/5/2016

Corporate Minority

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$99M

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10

4/28/2016

Series B

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10

Date

11/21/2020

12/5/2016

4/28/2016

Round

Corporate Minority

Corporate Minority

Series B

Company

stc pay

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Amount

$200M

$99M

New?

Yes

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Co-Investors

Sources

13

10

10

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

$99M

1

8/4/2021

Divestiture

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$99M

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10

5/9/2019

Acquired

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$99M

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10

2/28/2019

Divestiture

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$99M

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10

Date

6/7/2022

8/4/2021

5/9/2019

2/28/2019

Exit

Divestiture

Divestiture

Acquired

Divestiture

Companies

Western Union - Germany

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

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

$99M

Acquired

18

12/14/2011

Debt

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$99M

$99M

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0

10/10/2011

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$99M

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0

7/5/2011

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$99M

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10

10/15/2009

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$99M

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0

Date

9/12/2022

12/14/2011

10/10/2011

7/5/2011

10/15/2009

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

18

0

0

10

0

Western Union Partners & Customers

10 Partners and customers

Western Union has 10 strategic partners and customers. Western Union recently partnered with BanCoppel on February 2, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

2/13/2024

Partner

Mexico

BanCoppel Teams With Western Union to Receive Remittances Using Mobile App

Estephany Paulette Ley Monarrez , Consumer Banking Director , at BanCoppel added `` We are known for offering services that help the population improve their quality of life , so having partners like Western Union , who join us and support us in this digital evolution and in boosting financial inclusion , is key in our activities . ''

1

12/6/2023

Partner

Kuwait

Kuwait Finance House offers international money transfer in collaboration with Western Union

Kuwait Finance House has collaborated with Western Union to offer co-branded international money transfer services through its mobile app , Kuwait Finance HouseOnline .

1

10/30/2023

Licensor

United Kingdom

Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services

This partnership marks the latest development in an active period for Paysend , following the announcement of network expansions with Visa and Mastercard in September .

8

9/15/2023

Partner

United States

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10

9/12/2023

Partner

Mexico

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10

Date

2/13/2024

12/6/2023

10/30/2023

9/15/2023

9/12/2023

Type

Partner

Partner

Licensor

Partner

Partner

Business Partner

Country

Mexico

Kuwait

United Kingdom

United States

Mexico

News Snippet

BanCoppel Teams With Western Union to Receive Remittances Using Mobile App

Estephany Paulette Ley Monarrez , Consumer Banking Director , at BanCoppel added `` We are known for offering services that help the population improve their quality of life , so having partners like Western Union , who join us and support us in this digital evolution and in boosting financial inclusion , is key in our activities . ''

Kuwait Finance House offers international money transfer in collaboration with Western Union

Kuwait Finance House has collaborated with Western Union to offer co-branded international money transfer services through its mobile app , Kuwait Finance HouseOnline .

Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services

This partnership marks the latest development in an active period for Paysend , following the announcement of network expansions with Visa and Mastercard in September .

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Sources

1

1

8

10

10

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

63 Team Members

Western Union has 63 team members, including current Chief Executive Officer, President, Hikmet Ersek.

Name

Work History

Title

Status

Hikmet Ersek

GE Capital

Chief Executive Officer, President

Current

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Name

Hikmet Ersek

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Work History

GE Capital

Title

Chief Executive Officer, President

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Status

Current

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Compare Western Union to Competitors

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MoneyGram

MoneyGram operates as a financial services company. The company offers services such as sending money to various locations worldwide, depositing money into bank accounts, and transferring funds to mobile wallets. It primarily serves individuals who need to send or receive money internationally. MoneyGram was formerly known as Integrated Payment Systems, It was founded in 2003 and is based in Minneapolis, Minnesota.

Zepz Logo
Zepz

ZEPZ focuses on providing digital payment solutions. The company offers services enabling users to send money securely with options for bank deposit, cash collection, mobile airtime top-up, and mobile money. ZEPZ primarily serves the global payments industry. Zepz was formerly known as WorldRemit. It was founded in 2010 and is based in London, United Kingdom.

TransferGo Logo
TransferGo

TransferGo is a digital money service operating in the financial sector. The company's main service is to provide fast, low-cost international money transfers, allowing customers to send money to over 160 countries. The service is primarily used by migrants and individuals needing to send money abroad. It was founded in 2012 and is based in London, England.

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NIUM

NIUM provides payment services. It offers solutions such as cross-border payments and remittances. Its platform offers services to banks, payment providers, and businesses. NIUM was formerly known as InstaReM. The company was founded in 2014 and is based in Singapore.

BCRemit Logo
BCRemit

BCRemit is a fintech company that operates in the financial services industry. The company offers online money transfer services, enabling users to send money, pay bills, top-up mobiles, and even arrange fast food delivery. Primarily, BCRemit caters to the needs of migrant workers globally. It was founded in 2015 and is based in London, England.

Black Banx Logo
Black Banx

Black Banx offers a real-time money transfer system. The company's platform allows account opening in various currencies, provides digital banking solutions, and protects customers' funds with various security tools. Black Banx was formerly known as WB21. It was founded in 2014 and is based in Toronto, Canada.

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