Exit in 2021
Through Pangea’s mobile app, customers can transfer funds internationally directly to a receiver’s bank account or debit card, or to more than 18,000 cash pickup locations. In addition, the company has developed a cash-in product that allows senders to stage a transfer on their mobile device and pay for it with cash at a retail location.
Currently, Pangea enables users in the US to send money to Mexico, Colombia, Guatemala, El Salvador and the Dominican Republic.
Pangea’s mission is to make money transfers simple, fair and safe. Its mobile solution provides an enhanced user experience and allows users to send money in 30 seconds. Pangea’s pricing structure is transparent as it charges a fixed fee and locked-in FX rate.