Barri Financial Group
Barri Financial Group is a Texas-based, multi-state licensed money transmitter serving the US Hispanic community via hundreds of retail stores, an agent network, and a bilingual mobile app, offering remittances to 8+ Latin American countries, check cashing, bill payment, mobile top-up, and a Green Dot-issued Visa debit card.
- Company typePrivate
- Founded1984
- HeadquartersHouston, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Barri Financial Group does
Barri Financial Group, operating as Barri Money Services, LLC, is a Texas-headquartered, multi-channel financial services firm founded in 1984 and focused on the US Hispanic market. Its core offering is international money transfer from the United States to eight or more Latin American countries (Mexico, El Salvador, Honduras, Guatemala, Colombia, the Dominican Republic, Nicaragua, and Peru), delivered through a network of hundreds of physical stores, an authorized agent program, a bilingual iOS/Android mobile app (Barri Money Transfer, rated 4.9), and a web platform at barri.com. The company holds money-transmitter licensing under NMLS #937962, including via the DolEx DBA in 39+ states, with a recent regulatory extension into a seventh state (North Carolina) via a partnership with Alpha Modus Financial Services.
The product portfolio extends beyond remittances into adjacent transactional and stored-value services: check cashing at roughly 1% commission, US and cross-border bill payment (to Mexico, El Salvador, Honduras, Guatemala), instant mobile phone top-ups across the US and Latin America, money orders and postal money orders, and the Barri Visa Debit Card issued by Green Dot Bank (FDIC-insured, with early direct deposit up to 2 days for payroll and 4 days for government benefits). Credit is offered as a distribution partnership rather than a balance-sheet product: $300-$10,000 personal loans from Oportun, funded by Pathward, N.A., inside Barri locations. Technology infrastructure centers on the mobile app, the barri.com web platform, KYC/AML identity verification (biometrics, government ID, SSN/TIN, carrier data), Plaid bank-linking for the debit card, and agent-network management systems.
The business model is predominantly transaction-fee based on remittances, check cashing, bill pay, mobile reloads, and card interchange/overdraft, supplemented by a $5/month debit card fee (waived with $500+ direct deposits) and affiliate revenue from the Oportun loan referral channel. Go-to-market is community-rooted and bilingual, leveraging brand heritage (30+ years), in-store signage, social media, and word-of-mouth within the Hispanic community to drive high-volume, low-ticket retail transactions rather than enterprise contracts. Ownership remains private following a 2006 investor acquisition, with no disclosed venture or growth funding rounds and a leadership team including CEO Alberto Laureano and CFO Alexander Csitkovits.
Barri Financial Group firmographics
Firmographics- Name
- Barri Financial Group
- Legal name
- Barri Money Services, LLC
- Website
- https://barri.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Barri Financial Group is a Texas-based, multi-state licensed money transmitter serving the US Hispanic community via hundreds of retail stores, an agent network, and a bilingual mobile app, offering remittances to 8+ Latin American countries, check cashing, bill payment, mobile top-up, and a Green Dot-issued Visa debit card.
- Ownership category
- akta.pro rank
Barri Financial Group industry classification
Industry- Product category
- Consumer Remittance and Financial Services
- NAICS
- Finance and Insurance (52)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)
- akta.pro secondary industry
- Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)
Keywords
Where Barri Financial Group is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Barri Financial Group 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: Fees charged for international remittance services sending money to Mexico, Central America, and South America. Transfers available in minutes through physical kiosks and mobile app.
- Check Cashing: Commission-based service with 1% fee for check cashing, providing immediate liquidity without requiring a bank account.
- Barri Visa Debit Card: Monthly fee of $5 (waived with $500+ direct deposits), overdraft protection fees, and transaction fees. Issued through partnership with Green Dot Bank.
- Bill Payment Services: Service allowing customers to pay utility bills, phone, cable, and other services in the US and internationally to Mexico, El Salvador, Honduras, and Guatemala.
- Mobile Top-Up: Instant mobile phone recharges for prepaid phones across the US and Latin America.
- Personal Loans Partnership: Partnership with Oportun for personal loans ($300 to $10,000). Barri acts as distribution channel for loan products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Check Cashing - 1% Commission |
| Subscription | Monthly | Barri Visa Debit Card - $5 Monthly Fee |
| Transaction based/ take rate | Pay-as-you-go | Overdraft Protection - $15 Fee |
| Transaction based/ take rate | Pay-as-you-go | ATM Withdrawals |
| Unit Pricing | One time/ perpetual license | Card Replacement |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Barri Financial Group product offering
Product offeringCore offering
Barri Financial Group, operating as Barri Money Services, LLC, provides international remittance and consumer financial services primarily to the Hispanic community in the United States. Core offerings include international money transfers to Latin America, check cashing, bill payment, mobile phone reloads, and a prepaid Visa debit card, delivered through hundreds of physical store locations, a mobile application, and an authorized agent network.
Product overview
Barri Financial Group (operated as Barri Money Services, LLC) offers a multi-channel financial services platform centered on international money transfers and remittances to Latin America. The core product is the Barri Money Transfer service, accessible through physical store locations, the Barri Mobile App, and online platform. The product portfolio includes complementary financial services such as check cashing, bill payment, mobile phone reloads, personal loans (via Oportun partnership), and the Barri Visa Prepaid Debit Card (issued by Green Dot Bank). The company operates hundreds of physical store locations across multiple U.S. states and serves the Hispanic community with Spanish-language services.
Differentiator
Problem solved
Functional benefit
Products and services
- Barri Money Transfer International money transfer service enabling individuals to send funds from the United States to Latin American countries including Mexico, El Salvador, Honduras, Guatemala, Colombia, Dominican Republic, Nicaragua, and Peru, accessible via physical stores, mobile app, and online.
- Check Cashing Service Check cashing service with approximately 1% commission, providing instant liquidity without requiring a bank account. Available at Barri physical store locations.
- Bill Payment Service Utility and service bill payment service enabling customers to pay electricity, water, gas, phone, cell, and cable bills domestically and internationally for family members in Latin America.
- Mobile Phone Reload Instant mobile phone recharge service for prepaid phones across hundreds of carriers in the United States and Latin America.
- Barri Visa Debit Card Prepaid Visa debit card issued by Green Dot Bank (Member FDIC) enabling users to send money, pay bills, manage remittances, make purchases, and access direct deposit up to 2 days early. Features include fee-free cash deposits at Barri stores and mobile banking via the Barri app.
- Personal Loans (via Oportun Partnership) Personal loans ranging from $300 to $10,000 offered through partnership with Oportun, with loans issued by Pathward, N.A., distributed at Barri store locations.
- Postal Money Orders (Giros Postales) Postal money order service for customers needing traditional document-based remittance options, available at Barri physical store locations.
- Agent Network Program Partner agent program allowing independent businesses to offer Barri financial services including money transfers, bill payment, and mobile recharges, generating additional revenue streams for participating agents.
Quantifiable outcome
- Available in 7 states with regulatory authorization covering 17+ million households
- +2 more outcomes
Companies that use Barri Financial Group
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Barri Financial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Barri Financial Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Alpha Modus Holdings (Alpha Modus Financial Services)coreAlpha Modus Financial Services received non-objection response from North Carolina Commissioner of Banks to operate as authorized delegate of Barri Money Services, enabling Alpha Cash check deposit and remittance services across kiosks and mobile app in North Carolina. This extends Barri's regulatory footprint to 7 states.
- OportuncoreOportun partners with Barri to offer personal loans from $300 to $10,000 through Barri store locations. Loans are issued by Pathward, N.A. This partnership brings lending services to Barri's customer base.
- Green Dot BankcoreGreen Dot Bank (Member FDIC, operating under brands including GO2bank, GoBank, Bonneville Bank) issues the Barri Visa Debit Card and provides FDIC-insured deposit accounts. Barri serves as distribution channel for Green Dot banking products.
- NetSpend CorporationminorBarri operates as authorized delegate of NetSpend Corporation for prepaid card products under Chapter 151 of the Texas Finance Code.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Barri Financial Group competitors and assessment
Company assessmentDirect peers
- Remitly: Digital-first remittance company publicly competing in many of Barri's same US-to-Latin America corridors; comparable target customer (Hispanic immigrants) but with a mobile-only delivery model.
- Western Union: The dominant global money transfer operator with extensive US-Latin America corridor coverage and a large agent/store network; competes directly with Barri in cross-border remittances and adjacent services like bill pay.
- MoneyGram: Large US-based money transfer company with strong Latin America remittance corridors and a multi-channel retail and digital model directly comparable to Barri's offering.
- Intermex: Money transfer company specializing in US-to-Mexico and Latin America corridors with both retail and digital channels; operates a similar retail-agent-plus-app hybrid model targeting Hispanic consumers.
- Unidos Financial Services (formerly Sigue): Hispanic-focused money transfer company with a comparable retail store and agent network serving US-to-Mexico and Central America remittance corridors, directly competing with Barri in the same customer segment.
- ACE Cash Express: Multi-state retail financial services chain offering check cashing, money orders, bill pay, prepaid debit cards, and money transfers; directly comparable store-based business model serving similar underbanked customers.
- PLS Financial Services: Retail financial services chain with hundreds of locations offering check cashing, money orders, prepaid cards, and money transfers to Latin America; highly comparable store-based model serving underbanked consumers.
Emerging players
- Felix Pago: WhatsApp-based remittance startup focused on US-to-Latin America corridors serving Hispanic customers; emerging competitor with overlapping corridor focus and customer demographic.
Broad incumbents
- Green Dot Corporation: Large fintech and bank holding company issuing the Barri Visa Debit Card and similar prepaid products; broader incumbent in the underbanked banking space and a critical infrastructure partner for Barri.
Others
- Oportun: Personal loan provider that distributes loans through Barri store locations and serves a substantially overlapping Hispanic customer base; a commercial partner today with potential to evolve into a more direct competitive overlap in consumer credit.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Barri Financial Group social profiles
Digital presenceBarri Financial Group compliance and trust
Trust signalCompliance4 records
Barri Financial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Barri Financial Group leadership team
Management profileNumber of profiles
Profiles2 records
Barri Financial Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Barri Financial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Barri Financial Group 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 Barri Financial Group
What does Barri Financial Group do?
Barri Financial Group, operating as Barri Money Services, LLC, provides international remittance and consumer financial services primarily to the Hispanic community in the United States. Core offerings include international money transfers to Latin America, check cashing, bill payment, mobile phone reloads, and a prepaid Visa debit card, delivered through hundreds of physical store locations, a mobile application, and an authorized agent network.
Is Barri Financial Group a public or private company?
Barri Financial Group is a private company. It is classified as unknown and is currently operating.
When was Barri Financial Group founded?
Barri Financial Group was founded in 1984. It employs 501 to 1,000 people.
Where is Barri Financial Group based?
Barri Financial Group is headquartered in Houston, United States, in the North America region.
How does Barri Financial Group make money?
Six revenue lines are on record. International Money Transfers are the primary driver. The others are check Cashing, barri Visa Debit Card, bill Payment Services, mobile Top-Up and personal Loans Partnership.
Who are Barri Financial Group's main competitors?
Direct peers on record are Remitly, Western Union, MoneyGram, Intermex, Unidos Financial Services (formerly Sigue), ACE Cash Express and PLS Financial Services. Felix Pago is listed as an emerging player. Green Dot Corporation is listed as a broad incumbent. Oportun is listed as an others.
Does Barri Financial Group have an API?
No public API is recorded for Barri Financial Group.
What industry is Barri Financial Group in?
Barri Financial Group's product category is Consumer Remittance and Financial Services. Its primary akta.pro industry code is FSABAAAK, Remittances & Retail FX (Consumer Cross-Border), with a secondary code of FSAGAKAE, Cross-Border Card-Based Transfers & Multi-Currency Cards. Its NAICS code is 52 and its SIC code is 6199.