Based in Brussels, with offices in 7 countries across Europe, Moneytrans is a key player in financial services. The group, founded in the early 2000s by its chairman Francisco Sanchez, is a specialist in international money transfers, processing nearly 1.5 billion euros of transfers every year.
It relies on a twofold retail/digital strategy with more than 3,000 agents in Europe and nearly 500,000 distribution points worldwide.
Moneytrans also has a foreign exchange business in three European countries and in 2021 it launched the first payment account specially designed for diasporas.
Context of the deal
In 2021, Axio participated in a funding round organized by Moneytrans, a Belgian fintech firm specialized in money transfers, foreign exchange and financial services, with a view to rolling out its new offer SMILE, a payment account with related services specially designed to meet the needs of the diaspora.
With this new service building block, Moneytrans brands itself as the indispensable partner for immigrant populations, for whom access to financial services is often difficult.
Two Belgian investment vehicles, Federale Assurance and Finance&Invest.Brussels, completed the funding round.
Key figures
1.5 €billion
of transfers per annum
500000
distribution points
140 countries
7
subsidiaries in Europe
Transcription textuelle sur Youtube
- Cliquez sur les 3 points horizontaux situés sous la vidéo.
- Puis Afficher la transcription.
Lire le contenu embarqué sur le site de la plateforme. Nouvelle fenêtre