Pangea Universal Holding

remittancesmobile/online remittanceconsumerbusiness

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 18/10/2019

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Pangea is an international money transfer platform that enables users to transfer funds using any US debit card through a mobile app, web portal, or via retail partners. Pangea’s remittance solution includes flexible payment vehicles, an enhanced user experience, significant cost savings, and an industry-leading compliance and risk analytics platform. Pangea has received awards for “Best User Experience” and “Fastest Transfer” at the 2017 Finder Money Transfer Awards. Currently, the company operates their business in 15 countries across Latin America and Asia.

Focus

PRODUCTS & SERVICES

Mobile remittance app to send money from the US to Latin America and Asian countries. Pangea's remittance platform: It is a mobile-based application that allows users to transfer money to their family members in a single click. The app features an intuitive setup process that takes only a few seconds, a smooth user interface and a low, transparent fee structure. Registered senders can just login and repeat past transfers in only one click. Within minutes, recipients can get their money in cash at thousands of pickup locations, or have it deposited directly into a bank account or onto a debit card.

REVENUE MODEL

The company earns revenue by charging a flat fee of $4.95 up to $2,999. Also, it charges $5.99 for cash transaction.

MAIN CLIENTS

Retail Consumers

EXISTING PARTNERSHIPS

Pangea has banks

retailers

and payments companies as partners: TeletonUSA

Liga Azteca de Basketball LLC

etc.

COMMENT

Pangea provides real-time debit-to-debit transfers via a mobile app to simplify international remittance. Pangea allows users to send cash to their hometown through the retail chain network.

Traction

VALUATION / MARKET CAP:

$77.43 M in 2016

TRACTION COMMENT:

Recently, the company announced that it is expanding its business operations to Asia: China, India, the Philippines, Vietnam, Thailand, Bangladesh, Indonesia, Malaysia and Singapore (July 2017).

People

FOUNDERS

Rahier Rahman

Kyle Stoner

BOARD MEMBERS AND ADVISORS

Chuck Templeton

Kevin Willer

Imran Ahmad

Rahier Rahman

Brett Goldstein

Bill Wolf

Jane Thompson

Fabrice Serfati

Alejandro Silva

Michael McMahon

Charlie Jadallah

Rodman K.Reef

Nishu Thukral

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Bill Gee

Bryant Keil

Chicago Ventures

FireStarter Fund

IGNIA

Jump Capital

KGC Capital

Larry Kaplan

Method Capital

OCA Ventures

Origin Ventures

The Impact Engine

KEY EMPLOYEES:

Nishu Thukral (CEO & President); Lamia Pardo (VP Operations & Growth); Patrick Culligan (VP Engineering & Product); Natalia Macwilliam (VP Risk & Compliance)

COMMENT:

Nishu is an innovator,leader in the payments industry with over 15 years of experience as an operator, investor, advisor,,entrepreneur.

Momentum

FUNDED

YES

TOTAL FUNDING

$12.62 M

DATE OF LAST FUNDING

Dec 2016

TOTAL FUNDING COMMENT

The company plans to use recent raised funds to expand their services to 16 more countries across three continents by the end of the year (May 2017).

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES B  · $11.62 M  · Dec 2016

LISTED

NO

BASICS

FOUNDING YEAR:

2012

LOCATION:

United States

Views:

122 VISITORS | 214 VIEWS
LATEST FUNDING ROUND

$12.6 M

TOTAL EMPLOYEES
11-50

About

Pangea is an international money transfer platform that enables users to transfer funds using any US debit card through a mobile app, web portal, or via retail partners. Pangea’s remittance solution includes flexible payment vehicles, an enhanced user experience, significant cost savings, and an industry-leading compliance and risk analytics platform. Pangea has received awards for “Best User Experience” and “Fastest Transfer” at the 2017 Finder Money Transfer Awards. Currently, the company operates their business in 15 countries across Latin America and Asia.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack