InterCambio Express
InterCambio Express is a privately held, Indiana-incorporated money transmitter founded in 1998 that provides international remittances, bill payment, mobile top-up, and personal loans primarily to Hispanic immigrants in the United States sending money to recipients in Latin America through a multi-state agent network and digital channels.
- Company typePrivate
- Founded1998
- HeadquartersElkhart, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What InterCambio Express does
InterCambio Express, Inc. is a privately held, Indiana-incorporated money transmitter founded in 1998 and headquartered in Elkhart, with Isaac Torres serving as president and founder. The company's core offering is international remittance, enabling US customers to send funds to recipients in more than 19 countries with last-mile collection available at over 70,000 payer locations; the primary customer persona is Spanish-speaking immigrants in the United States sending money to family in Mexico, Central America, and South America.
The platform is delivered through three redundant channels: a physical agent network operating across at least eight US states (Arizona, California, Indiana, Nevada, New Jersey, Oklahoma, Texas, Utah), an iOS and Android mobile application, and a web-based transaction portal. Core technology components include SSL Extended Validation encryption, real-time transaction tracking, and fraud detection models aligned with KYC, BSA, and AML obligations. Beyond remittances, the company operates a portfolio of adjacent services: InterLoans (personal loans), bill payment, check cashing, mobile phone top-up (recargas), pinless telecom services, promotional codes, a referral program, and periodic sweepstakes run jointly with Torres Enterprises Corp.
Revenue is generated primarily through per-transaction fees on remittances and complementary services plus currency exchange spreads on cross-currency transfers. Distribution combines correspondent-agent commissions with self-serve digital channels, supported by social media, content marketing in Spanish, referral/loyalty programs, and partnership-driven sweepstakes promotions. The company is state-licensed as a money transmitter (NMLS #: 1083568), holds an A+ BBB rating, and was included on the Inc. 5000 list in 2021.
InterCambio Express firmographics
Firmographics- Name
- InterCambio Express
- Legal name
- InterCambio Express, Inc.
- Website
- https://intercambioexpress.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- InterCambio Express is a privately held, Indiana-incorporated money transmitter founded in 1998 that provides international remittances, bill payment, mobile top-up, and personal loans primarily to Hispanic immigrants in the United States sending money to recipients in Latin America through a multi-state agent network and digital channels.
- Ownership category
- akta.pro rank
InterCambio Express industry classification
Industry- Product category
- Remittance Services
- NAICS
- Activities Related to Credit Intermediation (5223), Mortgage and Nonmortgage Loan Brokers (52231), Sales Financing (52222)
- akta.pro primary industry
- International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM)
- akta.pro secondary industries
- Cross-Border Collections & Local Receiving (Pay-ins) (FSAMAIAI), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where InterCambio Express is headquartered
LocationHeadquarters
- HQ city
- Elkhart
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
InterCambio Express business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Money Transfer Transaction Fees: Customers pay a transaction fee plus the transfer amount when sending money internationally. The company also earns revenue from the currency exchange spread when transactions involve currency conversion between USD and foreign currencies.
- Bill Payment Services: Service for paying utility bills and other recurring payments through agent locations or digital channels.
- Mobile Phone Top-up / Airtime Recarga: Electronic airtime recharge services for mobile phone numbers in the US, Central America, South America, and select countries in Europe, Asia, and Africa.
- Check Cashing: Check cashing services available at authorized agent locations.
- InterLoans - Personal Loans: Personal loan products offered under the InterLoans brand, targeting customers needing credit for unexpected expenses, auto repairs, medical services, or family assistance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Per-transaction fee model for money transfers |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
InterCambio Express product offering
Product offeringCore offering
InterCambio Express is a licensed money transmitter that sends international remittances from the United States to recipients in more than 19 countries, primarily across Latin America and the Caribbean. Customers initiate transfers through a multi-channel network of physical agent locations, an iOS/Android mobile application, and a web platform, and can receive funds at over 70,000 payer locations worldwide. The company also provides bill payment, check cashing, mobile phone top-up (recargas), and personal loans under the InterLoans brand as complementary services.
Product overview
InterCambio Express is a family-owned international money transfer company providing financial services primarily to the Latino community in the United States. The company operates a multi-channel platform consisting of a core money transfer service (supporting transfers to over 19 countries), a mobile application for iOS and Android, and a network of over 70,000 physical agent locations. The product portfolio includes complementary financial services such as InterLoans (personal loans), bill payment, check cashing, mobile phone recharges (recargas), and pinless telecommunications services. The company also operates loyalty programs including promotional codes, a referral program, and periodic sweepstakes promotions. Services are offered in both English and Spanish, targeting the Hispanic diaspora with money transfer needs to Latin American countries.
Differentiator
Problem solved
Functional benefit
Products and services
- International Money Transfers Core international remittance service enabling customers in the United States to send money to recipients in more than 19 countries across Mexico, Central America, South America, and the Caribbean. Transfers can be initiated through physical agent locations, the InterCambio Express mobile app, or the web platform, and funds are available for pickup at over 70,000 payer locations worldwide, often within less than one hour. Targeted at Hispanic immigrant consumers sending support payments to family abroad.
- InterLoans Personal Loans Personal loan product under the InterLoans brand offered to consumers for personal or family needs including auto repairs, medical services, and family assistance. Marketed as a quick, easy, and secure credit option accessible through InterCambio Express's customer base.
- Bill Payment Service Service enabling customers to pay utility bills and other recurring payments through InterCambio Express agent locations or digital channels, providing a convenient single-stop for households managing payments domestically and across borders.
- Check Cashing Service Check conversion and cashing service available at authorized InterCambio Express physical agent locations, supporting unbanked and underbanked consumers who need immediate access to funds.
- Mobile Top-up (Recargas) Service Electronic airtime recharge service (recargas) for mobile phones across the United States, Central America, South America, and selected countries in Europe, Asia, and Africa. Allows customers to top up prepaid mobile balances for themselves and family members through agent locations and digital channels.
Quantifiable outcome
- Transfers can be collected within less than one hour
- +2 more outcomes
Companies that use InterCambio Express
Customer profileSegments1 record
Ideal customer profiles1 record
InterCambio Express technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
InterCambio Express partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Torres Enterprises Corp. (TEC)minorTorres Enterprises Corp. (TEC), headquartered at 426 N. Main Street, Elkhart, Indiana, co-sponsors sweepstakes and promotional giveaways with InterCambio Express at physical agent locations. TEC administers the sweepstakes including prize selection, winner notification, and prize fulfillment. Sweepstakes are conducted at TEC locations in Arizona, California, Indiana, Nevada, New Jersey, Oklahoma, Texas, and Utah.
- ElektraminorElektra, a retail chain operating in Mexico, partners with InterCambio Express and Torres Enterprises Corp. on joint sweepstakes promotions targeting customers sending remittances to Mexico. Elektra locations serve as venues for sweepstakes entry and prize delivery (postal delivery to designated beneficiaries within Mexico).
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
InterCambio Express competitors and assessment
Company assessmentDirect peers
- Remitly: US-based digital remittance company serving Latin American corridors from the US, including Mexico, Guatemala, and other Central/South American countries. Directly competes with InterCambio Express in the same Hispanic-diaspora segment with mobile-first transfers.
- WorldRemit: Digital-first cross-border remittance provider serving Latin American and other emerging-market corridors from the US. Competes on speed and convenience for the same Hispanic customer base that InterCambio Express serves.
- Xoom (PayPal): PayPal-owned digital remittance service enabling US-to-Latin America transfers with mobile wallet and bank deposit payouts. Directly competes for the same US-based Hispanic sender demographic.
Broad incumbents
- Western Union: The dominant global money transfer operator with both retail agent locations and digital channels across 200+ countries. Overlaps with InterCambio Express's US-to-Latin-America remittance core and is the principal incumbent competitor in the Hispanic corridor.
- MoneyGram: Global money transfer company with extensive US agent network and digital platform, competing across US-to-Mexico and broader Latin America corridors that overlap directly with InterCambio Express's primary markets.
Emerging players
- Wise: Digital cross-border payments platform (formerly TransferWise) offering low-cost international transfers to Latin America and globally. Competes with InterCambio Express's digital channel via transparency on FX and lower fee structure.
- Small World Money Transfer: US-headquartered remittance operator serving Hispanic consumers with US-to-Latin America transfers via agent and digital channels. Competes in similar corridors with overlapping Hispanic customer base.
Regional players
- Sigue Money Transfer: Long-standing US-based money transmitter headquartered in California, focused heavily on US-to-Mexico and Latin America corridors for Hispanic consumers. Highly comparable mid-sized remittance operator with similar agent-based model.
- DolEx Dollar Express: US-based money transfer operator with strong agent footprint in US states with large Hispanic populations, focused on Mexico and Central/South America corridors. Closely comparable mid-tier Hispanic-segment competitor.
- Viamericas: US-based money transmitter specializing in US-to-Latin America remittances with both agent and digital channels, including bill payment and mobile top-up. Operates in highly overlapping Latin American corridors and customer segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
InterCambio Express social profiles
Digital presenceInterCambio Express compliance and trust
Trust signalCompliance5 records
InterCambio Express financial estimates
Financial estimateRevenue estimate
Valuation estimate
InterCambio Express leadership team
Management profileNumber of profiles
Profiles1 record
InterCambio Express subsidiaries and ownership
Company hierarchySubsidiaries1 record
InterCambio Express funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InterCambio Express 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 InterCambio Express
What does InterCambio Express do?
InterCambio Express is a licensed money transmitter that sends international remittances from the United States to recipients in more than 19 countries, primarily across Latin America and the Caribbean. Customers initiate transfers through a multi-channel network of physical agent locations, an iOS/Android mobile application, and a web platform, and can receive funds at over 70,000 payer locations worldwide. The company also provides bill payment, check cashing, mobile phone top-up (recargas), and personal loans under the InterLoans brand as complementary services.
Is InterCambio Express a public or private company?
InterCambio Express is a private company. It is classified as family owned and is currently operating.
When was InterCambio Express founded?
InterCambio Express was founded in 1998. It employs 101 to 250 people.
Where is InterCambio Express based?
InterCambio Express is headquartered in Elkhart, United States, in the North America region.
How does InterCambio Express make money?
Five revenue lines are on record. Money Transfer Transaction Fees are the primary driver. The others are bill Payment Services, mobile Phone Top-up / Airtime Recarga, check Cashing and interLoans - Personal Loans.
Who are InterCambio Express's main competitors?
Direct peers on record are Remitly, WorldRemit and Xoom (PayPal). Broad incumbents are Western Union and MoneyGram. Emerging players are Wise and Small World Money Transfer. Regional players are Sigue Money Transfer, DolEx Dollar Express and Viamericas.
Does InterCambio Express have an API?
No public API is recorded for InterCambio Express.
What industry is InterCambio Express in?
InterCambio Express's product category is Remittance Services. Its primary akta.pro industry code is FSAGAKAM, International Bill Pay & Cross-Border Airtime/Top-Up, with a secondary code of FSAMAIAI, Cross-Border Collections & Local Receiving (Pay-ins). Its NAICS code is 5223.