Maxitransfers
Maxitransfers (dba MaxiSend) is a US-based money transfer and financial services company that uses a 5,000+ agent network across 47 states to serve diaspora and unbanked consumers sending remittances to Latin America, Asia, and West Africa.
- Company typePrivate
- Founded2000
- HeadquartersIrving, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Maxitransfers does
Maxitransfers LLC, doing business as MaxiSend, is a US-based, privately held money transfer and financial services company headquartered in Irving, Texas, founded in 2000. The company serves US-based diaspora and unbanked/underbanked consumers, primarily Hispanic and immigrant communities, providing cross-border remittances to Latin America, Asia (Philippines, Vietnam), and, as of March 2026, West Africa (Nigeria, Ghana, Senegal). Beyond core remittances, the company offers bill payment (more than 10,000 billers in the US, Latin America, Vietnam, and the Philippines), mobile airtime top-ups, check cashing (Texas and New Mexico), and domestic US money transfers through a partnership with 7-Eleven. Customer transactions are initiated and serviced through a network of more than 5,000 authorized agents operating in 47 US states, supplemented by WhatsApp-based customer service and agent-locator functionality.
The underlying platform is an agent-based, multi-service financial services architecture with digital integration into major payment and retail networks. On the send side, customers interact with physical agents or WhatsApp-based tooling; on the payout side, Maxitransfers leverages partnerships with Walmart, Oxxo, Banorte, Banco Azteca, BBVA, Elektra, Soriana, and Bancoppel in Latin America, plus 7-Eleven domestically in the US. The technology differentiators identified in company materials are integration/interoperability (multi-service single-platform delivery and cross-network payout coverage) and ease of use (WhatsApp-based engagement). The company does not expose a public API, SDK, or developer platform, and there is no disclosed proprietary technology stack beyond payment-network integration.
The business model is transaction-fee-based across all five revenue streams (international remittances, bill payments, mobile top-ups, check cashing, and domestic transfers). The company describes its pricing as 'just and transparent' but does not publicly disclose fee schedules. The company states it serves more than 500,000 customers and processes 'billions' of dollars in annual transfer volume (gross transaction volume, not revenue). In March 2025, Maxitransfers completed a $164 million debt recapitalization led by Wells Fargo and Overland Advantage with strategic support from Centerbridge Partners, institutionalizing the capital structure to support further corridor expansion. Gabriel Manjarrez serves as CEO.
Maxitransfers firmographics
Firmographics- Name
- Maxitransfers
- Legal name
- Maxitransfers LLC
- Website
- https://maxillc.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Maxitransfers (dba MaxiSend) is a US-based money transfer and financial services company that uses a 5,000+ agent network across 47 states to serve diaspora and unbanked consumers sending remittances to Latin America, Asia, and West Africa.
- Ownership category
- akta.pro rank
Maxitransfers industry classification
Industry- Product category
- Remittance and Money Transfer Services
- akta.pro primary industry
- International Money Transfer Operators (MTOs) (FSAMAIAE)
- akta.pro secondary industry
- Cross-Border Collections & Local Receiving (Pay-ins) (FSAMAIAI)
Keywords
Where Maxitransfers is headquartered
LocationHeadquarters
- HQ city
- Irving
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Maxitransfers business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- International Money Transfers: Transaction-based fees charged per transfer. Core revenue stream from international remittances to Latin America, Asia, and Africa corridors.
- Bill Payment Services: Fees for paying utility bills (water, electricity, gas) in the US and internationally in Latin America, Vietnam, and Philippines. Over 10,000 services available.
- Mobile Top-ups: Fees charged for mobile phone airtime recharges to customers in the US and their families abroad.
- Check Cashing: Fees for check cashing services in Texas and New Mexico through authorized agents.
- Domestic Money Transfers: Fees for US domestic money transfers via 7-Eleven network locations.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Maxitransfers product offering
Product offeringCore offering
Maxitransfers (DBA MaxiSend) is a US-based money transfer and financial services company that delivers international and domestic remittances, bill payment, mobile top-ups, and check cashing through a network of more than 5,000 authorized agents across 47 US states, with payout partnerships covering 10,000+ points across Mexico, Latin America, Asia, and West Africa. The company serves primarily Hispanic and immigrant diaspora communities, as well as unbanked and underbanked individuals who need cash-based access to cross-border transfers and related payment services.
Product overview
MaxiSend (Maxitransfers, LLC) operates as a US-based money transfer company offering a unified financial services platform. The core offering consists of five integrated services: Money Transfers (core remittance to bank accounts, cash pickup, or home delivery), Bill Payment (utility payments in US and Latin America), Mobile Top-ups (airtime recharging), Check Cashing (in Texas and New Mexico), and Domestic Transfers (US-to-US transfers via 7-Eleven network). The company serves diaspora communities through an agent network spanning 47 US states, with payout partnerships across Latin America, Asia (Philippines, Vietnam), and recently Africa (Nigeria, Ghana, Senegal).
Differentiator
Problem solved
Functional benefit
Products and services
- Money Transfers (Envíos de Dinero) Core international remittance service enabling customers to send money directly to bank accounts, for cash pickup, or for home delivery. Provides transfers from the US to Latin America, Asia, and Africa through MaxiSend's agent network and partner payout points.
- Bill Payment (Pago de Bills) Utility and service bill payment service allowing customers to pay water, electricity, gas, and other bills in the US and for family members in Latin America, Vietnam, and the Philippines at any MaxiSend agency location, with access to more than 10,000 bill payment services.
- Mobile Top-ups (Recargas Móviles) Mobile phone airtime recharging service that lets customers top up their own phones and family members' phones in Latin America, Vietnam, and the Philippines without requiring a bank account.
- Check Cashing (Cambio de Cheques) Check cashing service available in Texas and New Mexico through authorized agents, enabling customers to cash checks instantly at accessible rates without a bank account.
- Domestic Money Transfers (Envíos de dinero domésticos) Domestic US money transfer service enabling customers to send money from one US location to another within minutes, with thousands of payout points at 7-Eleven locations nationwide.
- MaxiSend Remittance Services to Nigeria, Ghana, and Senegal New international remittance corridor from the US to Nigeria, Ghana, and Senegal, extending the MaxiSend platform beyond Latin America and Asia into West Africa for diaspora senders.
Quantifiable outcome
- Over 500,000 satisfied customers
- +2 more outcomes
Companies that use Maxitransfers
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Maxitransfers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Maxitransfers partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major.
- WalmartmajorWalmart serves as a payment network partner for cash pickups and payout services in Mexico and Latin America.
- OxxomajorOxxo convenience stores serve as payment points for cash pickups across Mexico.
- BanortemajorBanorte bank serves as payment network partner for bank deposits and cash services.
- Banco AztecamajorBanco Azteca serves as payment network partner for cash services in Mexico.
- BBVAmajorBBVA bank serves as payment network partner for bank transfers and cash services in Mexico.
- BancoppelmajorBancoppel bank serves as payment network partner for cash services in Mexico.
- ElektramajorElektra retail stores serve as payment points for cash pickups in Mexico.
- SorianamajorSoriana supermarket chain serves as payment points for cash services in Mexico.
- 7-Elevenmajor7-Eleven stores provide domestic money transfer services within the United States, enabling transfers between US locations.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Maxitransfers competitors and assessment
Company assessmentDirect peers
- Western Union: The largest global MTO with an agent-based model spanning 200+ countries and territories. Directly comparable to MaxiSend in core cross-border remittance services, agent distribution model, and corridor coverage, though at significantly larger scale.
- MoneyGram: Major US-headquartered MTO with strong US-LATAM corridors and global agent network. Competes head-to-head with MaxiSend in Mexican and other LATAM payout partnerships, and offers similar multi-service platform (transfers, bill pay).
- Ria Money Transfer: Euronet Worldwide subsidiary operating a global agent-based MTO model with particularly strong US-LATAM coverage. Direct competitor in Mexican and Central/South American corridors with similar retail and bank payout partnerships.
- Sigue International: Privately-held US-based MTO specializing in US-LATAM remittances via an agent network. Closely comparable to MaxiSend in target customer (Hispanic diaspora), corridor focus (Mexico/Central America), and agent-based distribution model.
- DolEx: US-based MTO focused on US-Mexico remittances with agent locations across US Latino communities. Direct competitor with comparable agent network, Hispanic customer focus, and Mexico payout partnerships.
- Intermex: Previously public US-LATAM MTO serving primarily Mexican and Central American corridors through agents. Comparable business model, customer segment, and corridor mix to MaxiSend.
- Xoom (PayPal): PayPal-owned digital remittance service offering US-LATAM, Asia, and Africa transfers. Direct competitor in MaxiSend's corridors with stronger digital brand but less focus on unbanked/cash-based customers.
- WorldRemit: Digital remittance platform serving Africa, Asia, and LATAM corridors from the US and other developed markets. Direct competitor in MaxiSend's newer African expansion corridors, with stronger mobile wallet payout integration.
Emerging players
- Remitly: Digital-first remittance company serving US-LATAM and other corridors through a mobile app. Represents the primary disruption vector for agent-based MTOs like MaxiSend, though focuses on bank-account-funded transfers rather than cash-based.
- Wise (TransferWise): Digital cross-border payments platform using mid-market FX rates and local banking rails. Competes in the same remittance space as MaxiSend but serves a different (banked) customer segment via a fundamentally different technology model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Maxitransfers social profiles
Digital presenceMaxitransfers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maxitransfers leadership team
Management profileNumber of profiles
Profiles1 record
Maxitransfers funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maxitransfers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Maxitransfers
What does Maxitransfers do?
Maxitransfers (DBA MaxiSend) is a US-based money transfer and financial services company that delivers international and domestic remittances, bill payment, mobile top-ups, and check cashing through a network of more than 5,000 authorized agents across 47 US states, with payout partnerships covering 10,000+ points across Mexico, Latin America, Asia, and West Africa. The company serves primarily Hispanic and immigrant diaspora communities, as well as unbanked and underbanked individuals who need cash-based access to cross-border transfers and related payment services.
Is Maxitransfers a public or private company?
Maxitransfers is a private company. It is classified as private equity controlled and is currently operating.
When was Maxitransfers founded?
Maxitransfers was founded in 2000. It employs 101 to 250 people.
Where is Maxitransfers based?
Maxitransfers is headquartered in Irving, United States, in the North America region.
How does Maxitransfers make money?
Five revenue lines are on record. International Money Transfers are the primary driver. The others are bill Payment Services, mobile Top-ups, check Cashing and domestic Money Transfers.
Who are Maxitransfers's main competitors?
Direct peers on record are Western Union, MoneyGram, Ria Money Transfer, Sigue International, DolEx, Intermex, Xoom (PayPal) and WorldRemit. Emerging players are Remitly and Wise (TransferWise).
Does Maxitransfers have an API?
No public API is recorded for Maxitransfers.
What industry is Maxitransfers in?
Maxitransfers's product category is Remittance and Money Transfer Services. Its primary akta.pro industry code is FSAMAIAE, International Money Transfer Operators (MTOs), with a secondary code of FSAMAIAI, Cross-Border Collections & Local Receiving (Pay-ins).