What United Europhil does

United Europhil EP, S.A. Sociedad Unipersonal is a Spain-headquartered, Banco de España-licensed payment institution (License #6825) that operates the Europhil remittance and currency exchange brand, founded in 1989 as the first dedicated money transfer operator in Spain. Its core product is international remittance (Envío de Dinero) targeted at immigrant workers in Spain sending funds to family members abroad, complemented by retail currency exchange (Cambio de Divisa), bank-deposit-initiated transfers, and phone-based remittance (Servicio de Envíos Telefónicos). The company executes these services through a proprietary order-processing IT system that produces real-time invoices disclosing commission, exchange rate, and guaranteed recipient amount with no additional deductions, and delivers payouts to 140+ countries via correspondent banks and partner agents under Standard Contractual Clauses.

The business operates a hybrid distribution model combining 20+ company-owned branches (sucursales propias) concentrated across Madrid municipalities, Barcelona, Valencia, Alicante, Marbella, and the Canary Islands with an authorized agent network (Red de Agentes), phone-based service, and bank-deposit channel. Revenue is generated through per-transaction commissions and foreign exchange spreads, with a regulatory per-sender limit of €2,700 per month per beneficiary imposed under Spanish anti-money laundering (Law 10/2010) compliance. The company is registered as a single-member private limited company in Madrid (CIF A79219358) with €1,335,001.22 in registered share capital and maintains GDPR, LOPDGDD, LSSI, PBCyFT, and civil liability insurance compliance, supported operationally by a dedicated whistleblowing channel.

Corporate scope is narrow: a 101–250 employee private company with no subsidiaries, parent, M&A activity, funding rounds, or disclosed institutional investors. The technology stack is conventional (proprietary transaction-processing system plus consumer web portal and an authorized agent portal with Madrid and non-Madrid access paths) and does not include mobile applications, disclosed APIs, or AI/ML capabilities. Strategic posture is operational continuity and channel diversification (branch, agent, phone, bank deposit) rather than platform expansion, with all customer acquisition flowing through physical locations, the company website, and agent referrals.

Name

United Europhil

Legal name

United Europhil EP, S.A. Sociedad Unipersonal

Website

https://europhil.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

United Europhil is a Spain-licensed payment institution founded in 1989 that provides international money remittance and currency exchange services to immigrant workers and the general public through 20+ owned branches and an authorized agent network, delivering payouts to 140+ countries.

Ownership category

akta.pro rank

Product category

Money Remittance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• International money transfer
• Remittance services
• Currency exchange
• Payment institution
• Money remittance agents

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices33 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales

Revenue model

1. Money Transfer Commissions: Europhil charges a minimum commission fee for processing international money transfers. Customers receive a complete invoice showing the exact amount delivered, commission charged, and exchange rate applied with no additional deductions.
2. Currency Exchange Spreads: Revenue generated from the spread between buy and sell rates when converting currencies during international money transfers and foreign exchange services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels2 records

Core offering

United Europhil is a Banco de España-licensed payment institution providing international money transfer (remittance) services from Spain to over 140 countries, along with foreign currency exchange. It operates through company-owned branches and an authorized agent network, charging per-transaction commissions and currency exchange spreads.

Product overview

United Europhil is a single-product financial services company specializing in international money remittances. The core offering is the Envío de Dinero (Money Transfer Service), which enables immigrants in Spain to send money to their families abroad. The company also provides related financial services including Cambio de Divisa (Currency Exchange) and Envío mediante Ingreso Bancario (Bank Deposit Transfer). Additional services include a phone-based transfer option (Servicio de Envíos Telefónicos), an agent portal (Área de Agentes), a whistleblowing channel (Canal Responsable), and transfer status tracking tools. The company covers approximately 140 countries and operates through a network of owned branches and authorized agents across Spain.

Differentiator

Problem solved

Functional benefit

Products and services

• Envío de Dinero (Money Transfer Service) Core remittance service enabling immigrants in Spain to send money to families abroad. Orders are processed at any Europhil office through their computerized system, showing the exact amount the beneficiary receives, the applied exchange rate, and no additional discounts. Europhil handles delivery to beneficiaries across 140+ countries.
• Cambio de Divisa (Currency Exchange) Foreign currency exchange service available across Europhil's network of offices in Spain, offering exchange rates and commissions for customers needing currency conversion.
• Envío mediante Ingreso Bancario (Bank Deposit Transfer) Service allowing customers to make a deposit into Europhil's bank account and then call customer service to provide transfer details, receiving an SMS notification containing an access key.
• Servicio de Envíos Telefónicos (Phone-Based Money Transfer) Telephone-based money transfer service for customers who cannot visit a branch or authorized agent in person, with identity verification steps to comply with regulations.

Quantifiable outcome

• Coverage of 140+ countries worldwide
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature2 records

Partnerships

One partnership is on record.

• Banks and Correspondent Agents (International)coreChannel Partner/ Reseller/ DistributorEurophil partners with banks and correspondent agents located outside the European Economic Area, primarily in the United States and Latin American countries, to enable money remittance delivery to beneficiaries in those regions. Data transfers to these entities are conducted under Standard Contractual Clauses approved by the European Commission.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ria Money Transfer: Euronet subsidiary operating a global MTO network with strong immigrant-corridor focus and agent-based distribution. Closely mirrors Europhil's hybrid branch + agent model.
• Remitly: Mobile-first remittance company with explicit focus on immigrant senders, strong Spain-to-Latin-America corridors, and digital onboarding. Targets the same customer persona as Europhil via a lower-cost delivery model.
• Small World Money Transfer: Spain-headquartered MTO with strong European send-market presence and Latin American/African corridor focus. Closest geographic peer to Europhil by origin market and customer base.
• MoneyGram: Major global MTO serving similar immigrant remittance corridors with comparable agent-based distribution and same-day delivery options. Directly competes with Europhil in Spain-to-Latin-America flows.
• WorldRemit: Digital remittance platform with mobile wallet, bank deposit, and cash pickup options across 130+ countries. Directly comparable to Europhil in corridor coverage and immigrant-customer focus, differentiated by digital-first delivery.
• Western Union: The global leader in consumer cross-border money transfers with extensive agent networks and 200+ country reach. Directly comparable to Europhil as a consumer MTO serving immigrant corridors with cash-pickup and account-based delivery.
• Wise: Digital-first cross-border payments platform serving immigrant senders with mid-market FX and low explicit fees. Represents the primary digital competitive threat to Europhil's branch-led model.
• Sigue Money Transfer: US-headquartered MTO serving Latin American corridors with agent-based cash payout. Comparable via similar immigrant-customer focus and agent-distribution model, though primarily US-centric.

Broad incumbents

• Euronet Worldwide: Global payments and ATM operator that owns Ria Money Transfer. Comparable as parent of a major MTO peer and as a broader fintech/payments incumbent with FX and cross-border capabilities relevant to Europhil's positioning.

Emerging players

• Dahabshiil: Africa-headquartered MTO with strong Europe-to-Africa and intra-Africa remittance corridors, serving similar diaspora customer segments as Europhil. Comparable via immigrant-customer focus and agent-based distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/metrobankbarcelona

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 United Europhil