Moneytrans is a Brussels-based remittance and cross-border payments platform focused on serving migrants. Founded in 2002, it offers digital money transfers alongside a European retail network of 3,000+ branches linked to over 500,000 payout locations in more than 140 countries. The company positions itself as providing the cheapest and most convenient way to transfer money for supporting family members or paying for services overseas. Moneytrans has served in excess of 10 million customers and enables near-instant send and receive capabilities through digital mechanisms and its retail network. The €11 million growth equity financing is intended to support deployment of a newly developed product for the neobanking sector tailored to the remittance and working migrants market. Management says the funding will help expand and scale the reach of its products globally to foster financial inclusion for migrants.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022