The preferred provider of money transfer services both in the United States and Latin America. Focused on Excellence.
Intermex is a leading money transfer service provider to the ~$100B US to Latin America and Caribbean corridor with recent service additions in Africa (inbound) and Canada (outbound). Intermex manages a proprietary technology infrastructure that allows for the highly dependable transfer of money which, together with its differentiated agent network and superior service-driven model, drives exceptional consumer trust and loyalty.
Why We Partnered
We saw a massive market opportunity, created by both globalization as well as rising economies around the world, driving an increasing need for migrant workers in need of economic opportunity for their families. Despite considerable rhetoric at play during our 2015-2016 diligence period, we understood that remittance transactions were not discretionary, but part of the social contract in our society. Intermex was in the early stages of seizing its position as an industry disrupter that uses innovation and an unending commitment to customer service to create a scalable low-cost platform. We saw that Intermex’s exceptional leadership and highly analytical culture would allow it to capitalize on a significant greenfield opportunity in its core US to Latin American corridor with the potential to drive further growth by entering into new remittance corridors.
Our Journey
- Created and executed upon growth strategy around online expansion, wholesale processing, and expansion outside of Latin America
- More than doubled in size and tripled its EBITDA, demonstrating significant operating leverage in the business
- Developed the leading brand in both both Mexico and Guatemala, growing between 2 and 3x the market and typically representing more than 80% of the overall growth to its key corridors
- Began trading as a public company in July 2018 and subsequently expanded its blue-chip investor base through underwritten secondary offerings in September 2019 and October 2020
“We chose to work with Stella Point because they had a strong appreciation for our team, the culture we developed, and our clarity of purpose. Together we put a capital structure in place that enabled us to drive dramatic growth in the business and position Intermex as the preeminent remittance company focused on the US to Latin American corridor. We value the Stella Point partnership for its transparency and commitment to our business.”
Bob Lisy