Updated:
MoneyGram International
MoneyGram International, led by CEO Anthony Soohoo, processes over $200B in annual remittance volume across 200+ countries from its Dallas headquarters.
MoneyGram International
MoneyGram International traces its lineage back to 1940, growing from a small money-order operation into a publicly traded payments company headquartered in Dallas. CEO Anthony Soohoo joined the board in 2022 before assuming the chief executive role, stepping into a business that handles consumer-to-consumer transfers, bill payments, and money orders through a hybrid network of physical agent locations and a rapidly expanding digital platform. The wealth that built the firm is diffuse — it is a corporate entity owned by public shareholders and private equity backers rather than a single family. The company operates across the full spectrum of cross-border value transfer: retail walk-in services at roughly 350,000 agent locations worldwide, a direct-to-consumer app, and API integrations that embed remittance rails into third-party digital wallets. Strategy centers on three asset classes — cash-based transfers, digital straight-through transactions, and business payment solutions — with geographic density in the US, India, Mexico, China, and the Philippines. In 2022, Madison Dearborn Partners took control of many US bill-pay assets, and the firm leaned into a partnership with Stellar blockchain for USDC settlement. MoneyGram reported approximately $1.3 billion in annual revenue before its 2023 take-private transaction by Madison Dearborn Partners, which valued the company at roughly $1.8 billion. The firm maintains regional hubs across Europe, Africa, and the Asia-Pacific corridor, and its post-acquisition structure strips away public-market reporting obligations. May 2023: Madison Dearborn Partners completed the acquisition of MoneyGram International, delisting the company from NASDAQ (per Madison Dearborn Partners, May 2023). The firm has periodically explored adjacent ventures, including a brief token partnership with Ripple that ended after an SEC enforcement dispute. The genuine structural differentiator is MoneyGram's physical agent network — an asset few fintech competitors can replicate. While Remitly and Wise operate purely digital corridors, MoneyGram reaches unbanked recipients who walk into retail storefronts to collect cash, a distribution moat built over 80 years that keeps it embedded in migration corridors from US-to-LATAM and Gulf-to-South Asia even as digital share grows.
General information
Firm type
other
Year founded
1940
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Anthony Soohoo
Chief Executive Officer
Sector focus
Frequently asked questions
Who controls MoneyGram International after its 2023 take-private?
Madison Dearborn Partners acquired MoneyGram in a transaction that closed in May 2023, taking the company private. Before the acquisition, MoneyGram traded on NASDAQ and counted a wide institutional shareholder base. The firm now operates as a portfolio company of Madison Dearborn, with CEO Anthony Soohoo continuing to lead day-to-day management.
How does MoneyGram's settlement infrastructure differ from digital-only remittance firms?
MoneyGram maintains roughly 350,000 physical agent locations globally, which means recipients in cash-dependent markets do not need a bank account or smartphone to receive funds. The firm has also added blockchain-based settlement rails — a partnership with Stellar enables near-instant USDC settlement between corridors. This dual physical-digital architecture distinguishes it from purely app-based competitors like Wise or Remitly.
What happened to MoneyGram's partnership with Ripple?
MoneyGram and Ripple entered a multi-year partnership in 2019 that involved using XRP for cross-border settlement, but the arrangement was suspended in 2021 after the SEC filed suit against Ripple alleging XRP constituted an unregistered security. MoneyGram stated the termination was directly tied to the litigation uncertainty, and the firm subsequently partnered with Stellar for blockchain-based settlement.
Does MoneyGram participate in direct investments or operate like a family office?
No. MoneyGram is a consumer payments and remittance company, not a family office or investment firm. It generates revenue from transaction fees, foreign-exchange margins, and partnership agreements. The firm does not deploy capital into portfolio companies in the way a family office or venture investor would.
Which geographic corridors generate the most transaction volume for MoneyGram?
The US, India, Mexico, China, and the Philippines represent the highest-volume corridors by public disclosures during its time as a listed company. The broader network spans more than 200 countries and territories, with significant volume flowing along US-to-Latin America and Gulf-to-South Asia migrant-worker remittance paths.
What investment stages or asset classes does MoneyGram target?
MoneyGram is not an investment firm — it targets no asset classes for portfolio allocation. The company deploys capital toward operational infrastructure, agent-network expansion, and digital-platform development. Its financial product lines break into consumer-to-consumer transfers, bill-payment services, and business payout solutions.
Is MoneyGram's revenue model based on subscription fees or per-transaction charges?
MoneyGram earns revenue primarily on a per-transaction basis, collecting fees and foreign-exchange spreads on each money transfer, bill payment, or money-order transaction. The firm also generates income from its agent network through revenue-sharing arrangements with retail partners who host MoneyGram services inside their storefronts.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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