Company Overview - International Money Express, Inc. (NASDAQ:IMXI) has experienced a significant increase of approximately 49% over the past 6 months, positioning it as one of the best-performing affordable stocks under $40 [1] - The company has a Hold rating from Monness analyst with a price target set at $16 [1] Recent Developments - On December 2, the company announced a partnership with Banco Industrial to launch a digital remittance service via the Zigi App, enhancing its service offerings in Guatemala [2] - The integration of Intermex's Amigo Paisano app with Zigi will allow Guatemalans to receive money transfers directly into their accounts using a phone number, marking a shift from cash pickups to secure digital deposits [2] Strategic Initiatives - International Money Express plans to streamline the remittance process by fully digitizing the flow from sender to receiver, which is expected to boost adoption and increase transaction volumes [3] - The company provides omnichannel money remittance services, utilizing proprietary technology to facilitate fund transfers from the US, Canada, and Europe to over 60 countries [3]

Core Viewpoint - International Money Express, Inc. (NASDAQ:IMXI) is recognized as one of the best-performing affordable stocks under $40, with a 49% increase over the past 6 months, and has a Hold rating with a price target of $16 from Monness analyst [1]. Group 1: Partnership and Service Expansion - On December 2, the company announced a partnership between Intermex and Banco Industrial to launch a digital remittance service via the Zigi App, allowing Guatemalans to receive money transfers directly into their accounts using a phone number [2]. - The integration of Intermex's Amigo Paisano app with Zigi signifies a shift from cash pickups to instant and secure digital deposits, enhancing the remittance process [2]. Group 2: Digital Transformation and Market Strategy - International Money Express plans to fully digitize the remittance flow from sender to receiver, which is expected to boost adoption and increase transaction volumes [3]. - The company provides omnichannel money remittance services, utilizing proprietary technology to facilitate fund transfers from the US, Canada, and Europe to over 60 countries [3].

Core Insights - International Money Express, Inc. (Intermex) has partnered with Banco Industrial to launch the Zigi App, a digital financial platform aimed at improving how Guatemalans receive remittances from abroad [1][2] - The Zigi App allows users to receive money directly into their accounts using just a phone number, enhancing the speed and security of transactions while eliminating the need for physical cash pickups [2][3] - The app provides users with control over their funds, enabling them to make payments, send transfers, save money, and apply for digital credit products, thereby promoting financial inclusion [3][4] Company Overview - Intermex, founded in 1994, facilitates money transfers from several countries to over 60 destinations, utilizing various digital platforms and retail locations [6] - The company is headquartered in Miami, Florida, with international offices in Puebla, Guatemala City, London, and Madrid [6] Strategic Goals - The partnership aims to transform remittances into opportunities for financial growth, connecting families and enhancing their financial capabilities [4][5] - The Zigi App is currently available to eligible users in Guatemala, with plans for expansion through educational initiatives and product enhancements [5]