Viamericas, a US-based provider of remittance and international money transfer services, has successfully raised $113.6 million in funding, earmarked for accelerating its global expansion efforts and enhancing its digital payment platforms.
The investment round was led by Old National Bank, with additional participation from Bank of Oklahoma Financial, Axos Bank, and U.
S. Bank. FT Partners served as the exclusive strategic and financial advisor to Viamericas for this transaction.
Viamericas specializes in facilitating secure cross-border money transfers for families. The company maintains a global network comprising over 300,000 payout locations across 95 countries, complemented by direct account deposit capabilities at more than 2,700 banks and 107 mobile wallets. Its operational model integrates traditional agent-based services with modern digital platforms to provide flexible and secure international transfer options.
With the newly secured capital, Viamericas intends to broaden its global remittance reach and reinforce its digital infrastructure. This enhancement aims to support the increasing demand for secure, real-time international payments, with a particular focus on strengthening its instant remittance capabilities as a key driver for future growth.
Roger Kallal, Senior Vice President of Corporate Banking at Old National Bank, commented on the investment, stating, “Viamericas has been a long-time partner demonstrating strong growth and financial performance. Over the past year, they have enhanced their real-time remittance capabilities, underscoring a strong commitment to innovation and growth. These initiatives, combined with its dedication to accessible and reliable financial services, further strengthen its position as a trusted partner.”
Joseph Argilagos, Executive Chairman and Co-founder of Viamericas, remarked, “This funding strengthens our long-term partnership with our bank partners and accelerates our mission of helping families connect and thrive.” Paul Dwyer, CEO and Co-founder of Viamericas, added, “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.” The funding underscores the growing importance of cross-border payments in supporting families and contributing to global economic stability.
