Global Remittances

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Viamericas secures $113.6m to expand remittance network
Yahoo Finance· 2025-10-01 12:05
Core Insights - Viamericas has secured $113.6 million in funding to expand its global remittance network, led by Old National Bank with contributions from other financial institutions [1][2] - The funding is aimed at enhancing Viamericas' capabilities to provide fast, safe, and secure money transfer services, which are increasingly important for economic stability and family connections globally [2][4] Company Overview - Founded in 1999, Viamericas is a licensed money transmitter with regional offices in Los Angeles and operational centers in Mexico, Colombia, and the Philippines [3] - The company’s network facilitates payouts to over 300,000 locations in 95 countries and allows direct deposits to more than 2,700 major banks and 107 mobile wallets [3] Strategic Partnerships - The funding strengthens Viamericas' long-term partnerships with its bank partners and accelerates its mission to help families connect and thrive [4] - Viamericas has demonstrated strong growth and financial performance, particularly in enhancing its real-time remittance capabilities [4][5] Recent Initiatives - Earlier this year, Viamericas launched an open payment network in the Philippines, enabling customers in the US and Canada to send funds directly to recipients in the Philippines, regardless of their financial service provider [5]