• Edit
DateInvestorsAmountRound
-

N/A

-

$1.0m

Seed

$5.0m

Early VC
N/A

$2.8m

Early VC
N/A

$11.6m

Early VC

N/A

Series B

$10.2m

Early VC

N/A

Acquisition
Total Funding€27.8m

Recent News about Pangea

Edit
More about Pangeainfo icon
Edit

Pangea Money Transfer is a financial technology company that specializes in providing affordable and efficient money transfer services, primarily targeting immigrants in the United States. The company understands the unique challenges faced by immigrants when sending remittances back to their home countries and aims to simplify this process through its user-friendly mobile app. Pangea's mission is to make money transfers effortless and accessible, ensuring that users can send money quickly and at a lower cost compared to traditional methods.

The company operates in the remittance market, which involves the transfer of money by foreign workers to individuals in their home countries. This market is crucial for many families who rely on these funds for their daily needs. Pangea serves a diverse client base, primarily immigrants who need to send money to support their families abroad.

Pangea's business model revolves around its mobile app, which is designed to be simple and intuitive. Users can easily send money by following a few straightforward steps on their smartphones. The company generates revenue by charging a fee for each transaction, which is typically lower than the fees charged by traditional banks and other money transfer services. Additionally, Pangea offers a referral program that allows users to earn rewards by inviting friends to use the service, further expanding its customer base.

Recently, Pangea has introduced a new service called Pangea Connect, which aims to partner with other brands to reach a broader audience of global money senders. This initiative not only helps Pangea grow its user base but also assists partner companies in meeting their financial needs.

Pangea has been recognized for its positive work environment, being named one of Built In's Top 50 Places to Work for two consecutive years. The company prides itself on building trust with its users by consistently delivering reliable and affordable services.

Keywords: remittance, immigrants, mobile app, money transfer, affordable, user-friendly, Pangea Connect, referral program, financial technology, Chicago.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.