What Pangea Money Transfer does

Pangea Money Transfer is a Chicago-based, mobile-first remittance and underbanked financial services provider founded in 2012. The company enables U.S.-based immigrants to send money to recipients in 24+ countries across Latin America, South and Southeast Asia, Sub-Saharan Africa, and parts of Europe, serving primary use cases including family support for groceries, medical expenses, school tuition, and other cross-border financial obligations. Its customer base is described in company materials as "millions," with more than 14 million cumulative transfers and $3 billion in total value sent globally since founding. Pangea's distribution is product-led: the iOS and Android mobile apps and the web app (app.pangeamoneytransfer.com) are the primary onboarding and transaction surfaces, supported by a network of payout partners that provide last-mile delivery via bank deposit, debit card, mobile wallet, cash pickup, and bill payment.

The technology stack is a self-serve mobile platform with proprietary features including a real-time multi-currency exchange engine, real-time transfer tracking with push notifications, the Pangea Dashboard (an in-app analytics module that categorizes transfer history and recipient relationships, launched March 2026), and a multi-layer security infrastructure covering SSL encryption, PCI compliance, MFA, and transaction surveillance. Core integrations include Vantiv (card processing), Wells Fargo (banking), Plaid (ACH bank account verification), and Arcus Financial Intelligence (bill pay). Add-on products include the Pangea Visa Debit Card and a Refer & Earn referral program.

Pangea operates a transaction-based revenue model with four primary streams: per-transfer fees (varying by destination and payment method), a 3% surcharge on credit-card-funded transfers, foreign exchange margin on the spread between mid-market and retail rates, and improved-rate premiums for larger transfers (Mexico/Philippines over $500, Guatemala over $300). Pricing is transparent and disclosed upfront before confirmation, with a promotional zero-fee first transfer for new customers. The company has been a wholly-owned subsidiary of Enova International (NYSE: ENVA) since 2021, with no independent external funding rounds since 2019.

Name

Pangea Money Transfer

Legal name

Pangea USA, LLC

Website

https://pangeamoneytransfer.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Pangea Money Transfer is a Chicago-based fintech operating a mobile-first international remittance platform that enables U.S. residents to send money to 24+ countries across Latin America, Asia, Africa, and Europe. Founded in 2012, it has completed 14+ million transfers and is a subsidiary of Enova International since 2021.

Ownership category

akta.pro rank

Product category

Cross-Border Remittance / International Money Transfer

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)

akta.pro secondary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• International money transfer
• Remittance services
• Cross-border payments
• Foreign exchange transfers
• Consumer remittance app

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Transfer Fees: Transfer fees charged per transaction, varying by destination country and payment method. Fees displayed upfront before confirmation.
2. Credit Card Surcharge: 3% surcharge on the Transaction Amount for credit card payments. Additional fees may apply as card issuers may treat payment as cash advance.
3. Foreign Exchange (FX) Margins: Revenue generated from the spread between mid-market exchange rates and retail rates offered to customers. Exchange rates fluctuate based on market conditions and vary by payment method and transfer amount.
4. Improved Rate Premium: Better exchange rates offered for larger transfers (over $500 USD to Mexico/Philippines, over $300 USD to Guatemala), generating margin on higher-volume transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Pangea Money Transfer operates a mobile-first and web-based platform that enables US residents to send international person-to-person money transfers to recipients across 24+ countries in Latin America, Asia, Africa, and Europe. The service charges per-transaction fees, a 3% surcharge on credit card payments, and earns FX margin on currency conversion, with multiple delivery methods including bank deposit, debit card, cash pickup, mobile wallet, and bill pay. Supporting offerings include a Dashboard for transfer history and spending analysis, a Visa debit card for funding transfers, and a Refer & Earn referral program.

Product overview

Pangea Money Transfer is a fintech company offering a mobile-first platform for international person-to-person money transfers from the U.S. to 24 countries across Latin America, Asia, Africa, and Europe. The core offering consists of the Pangea Mobile Application (iOS/Android) and Pangea Web Application, which enable users to send money with features including real-time tracking, exchange rate transparency, and multiple payment methods. Supporting the core transfer platform are add-on services: the Pangea Dashboard for transfer history and spending analytics, the Pangea Visa Debit Card for funding transfers, and a Bill Pay service powered by Arcus Financial Intelligence. The Refer & Earn program incentivizes user growth through referral bonuses.

Differentiator

Problem solved

Functional benefit

Products and services

• Pangea Mobile Application iOS and Android mobile application for initiating international money transfers from the U.S. to 24 countries, with real-time transfer tracking, exchange rate calculations, and payment via debit/credit card or bank account. Targeted at individual US residents.
• Pangea Web Application Browser-based platform for sending international money transfers, accessing account management, and tracking transaction history via desktop or mobile web browsers. Targeted at individual senders preferring web over mobile.
• Pangea Dashboard Built-in transfer management feature within the Pangea app that automatically organizes transfer history, displays spending summaries by category and recipient, and enables users to track their sending patterns over time.
• Pangea Visa Debit Card Debit card service linked to Pangea accounts for funding transfers, with card agreement and terms forming part of the Pangea service agreement.
• Pangea Bill Pay Service enabling users to pay bills internationally through partnered billers, powered by Arcus Financial Intelligence technology linking to external payment providers using user-provided credentials.
• Refer & Earn Program Referral program allowing existing users to earn bonuses by inviting friends and family to download the app and complete their first transfer, with bonus amounts varying by region.

Quantifiable outcome

• Over 14 million transfers completed
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Arcus Financial Intelligence, Inc.coreTechnology or IntegrationSoftware provider that links Pangea's services to external providers using user-provided credentials. Arcus accesses external accounts to retrieve, process, and store information for bill payment services. Anonymized, non-personally identifiable information may be used for quality assurance and fraud prevention.
• Network Partners (Retailers, Financial Institutions, Paying Agents)coreChannel Partner/ Reseller/ DistributorEntities appointed by or working with Pangea to process and pay out Transactions in destination countries. Includes retailers, financial institutions, and paying agents that enable cash pickup and other delivery methods. Each partner may have additional restrictions on transfer limits.
• VantivsupportingTechnology or IntegrationThird-party payment processor used by Pangea to process debit and credit card transactions.
• Wells FargosupportingTechnology or IntegrationBanking partner referenced in privacy policy for payment processing services.
• PlaidsupportingTechnology or IntegrationBanking authentication network used to verify and connect US bank accounts for ACH payments. Bank accounts must be authenticated through Plaid network to be eligible for funding transfers.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Remitly Global: US-based, app-led remittance company serving immigrant senders to Latin America, Asia, and Africa — the closest direct competitor to Pangea with a nearly identical mobile-first, self-serve GTM motion and corridor mix.
• Wise (formerly TransferWise): Publicly traded (LON: WISE) cross-border payments platform built around mid-market FX and transparent fees; competes with Pangea for cross-border consumer transfers from the US, with broader multi-currency account functionality.
• WorldRemit: Digital remittance specialist serving senders from multiple developed markets to mobile wallets, bank accounts, and cash pickup in receiving countries — direct overlap with Pangea's 24+ country payout network and immigrant-focused GTM.
• Sendwave: App-first remittance provider focused on African corridors from the US, UK, and Canada; now part of WorldRemit, but operates as a distinct mobile-led brand and overlaps with Pangea's immigrant-sender value proposition.

Broad incumbents

• Western Union: Global incumbent in consumer money transfer with the largest cash-pickup agent network in the world; competes head-on with Pangea across most corridors while also offering a digital app alongside its retail footprint.
• MoneyGram: Long-standing US-headquartered remittance incumbent (NASDAQ: MGI) with global agent network; directly competes with Pangea in US-to-LATAM and US-to-Asia corridors, including via its app and direct-to-bank rails.
• Xoom (a PayPal service): PayPal-owned digital remittance brand targeting US senders to Latin America, Asia, and Africa; same immigrant-sender persona and mobile-first UX as Pangea, with PayPal's balance sheet and distribution behind it.
• Intermex (International Money Express): US-listed (NASDAQ: IMXI) remittance company with strong US-to-Mexico and US-to-LATAM focus; a smaller incumbent that competes with Pangea in core LATAM corridors, especially for cash-pickup.

Emerging players

• DLocal: Publicly traded (NASDAQ: DLO) cross-border payments platform focused on LATAM, Africa, and Asia; primarily B2B but increasingly relevant on the receiving side of Pangea's corridors and a comparable emerging-markets payments specialist.
• Felix Pay: Digital remittance startup focused on US-to-LATAM corridors with chat-based UX; smaller and earlier-stage than Pangea, but competes for the same immigrant-sender segment with a differentiated conversational interface.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GoPangea
• Facebookfacebook.com/PangeaMoneyTransfer
• LinkedInlinkedin.com/company/2742548
• Instagraminstagram.com/gopangea

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds5 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pangea Money Transfer