US-based remittance and international money transfer firm Viamericas has successfully raised $113.6 million in a funding round led by Old National Bank.
Bank of Oklahoma Financial, Axos Bank, and US Bank also participated in this round. Viamericas has established a network of 300,000 payout locations across 95 countries, featuring direct account deposits to more than 2,700 major banks and 107 mobile wallets globally.
The newly acquired funding will support the continued expansion of both physical agent-based locations and digital services. CEO Paul Dwyer stated, “With this strong demonstration of support from our bank partners, we can now expand more rapidly to deliver the fast, safe, and secure services that help people support their loved ones back home.”