MoneyGram Payment Services, Inc.

Overview

Date Founded

1940

Headquarters

2828 North Harwood Street, 15th Floor, Dallas, TX, 75201, USA

Type of Company

Public

Employees (Worldwide)

2,252

Industries

Retail & Commercial Banking
Securities & Commodities Exchanges
Accounting & Financial Services
Other Business & Consulting Services

Company Description

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Website

http://www.moneygram.com

Contact Data

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In The News

The Dallas Morning News

January 15, 2021

90 to be cut at cash transfer company

Nasdaq

January 7, 2021

MoneyGram's (MGI) Digital Transactions Surge in December

PR Newswire

January 5, 2021

Digital Transactions Soar Over the Holidays as MoneyGram Reports Record Online Growth; MoneyGram's direct-to-consumer digital business, MoneyGram Online (MGO), delivered 142% year-over-year cross-border transaction growth in December and reported the larg

Law360

January 4, 2021

MoneyGram Dodges Suit Over Money Laundering Compliance

ICT Monitor Worldwide

December 30, 2020

MTN users can now receive MoneyGram transfers right in their mobile money accounts

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Executives & Employees

W. Alexander Holmes

Chairman & Chief Executive Officer

Lawrence Angelilli

Chief Financial Officer & Executive Vice President

Kamila K. Chytil

Chief Operating Officer

Robert L. Villaseñor

General Counsel & Corporate Secretary

Andres Villareal

Chief Compliance Officer

Grant Anthony Lines

Global Chief Revenue Officer

Rebecca L. Lobsinger

Vice President, Controller & Chief Accounting Officer

Christopher Hall Russell, Jr.

Chief Accounting Officer

Timothy C. Everett

Secretary

Giancarlo Pelloux

Owner

Board of Directors

W. Alexander Holmes

Former Chairman & Chief Executive Officer at MoneyGram Payment Services, Inc.

J. Coley Clark

President at BTC International Holdings, Inc.

Michael P. Rafferty

Former Partner at Ernst & Young LLP

W. Bruce Turner

Chief Executive Officer & Director at Apex Guotai Junan Greater China Fund

Victor W. Dahir

Former Chief Financial Officer at Visa, Inc.

Peggy Vaughan

Former Vice President at International Business Machines Corporation

Trending Organizations

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MoneyGram Payment Services, Inc.

Owners & Shareholders

Details Hidden

Beach Point Capital Management LP

Beach Point specializes in credit-related investments and offers funds and customizable managed accounts in the following strategies: Opportunistic Credit, High Yield Debt, Structured Products and Special Situations, Distressed and Private Credit, and Tactical Situations. The firm employs a flexible, value-oriented and risk-controlled approach that focuses on complex and less followed opportunities. They utilize both fundamental and technical analysis in its research process.

Details Hidden

Beach Point Capital Management LP

Beach Point specializes in credit-related investments and offers funds and customizable managed accounts in the following strategies: Opportunistic Credit, High Yield Debt, Structured Products and Special Situations, Distressed and Private Credit, and Tactical Situations. The firm employs a flexible, value-oriented and risk-controlled approach that focuses on complex and less followed opportunities. They utilize both fundamental and technical analysis in its research process.

Recent Transactions

Details Hidden

MoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Details Hidden

MoneyGram Payment Services, Inc. issued USD Common Stock

Details Hidden

MoneyGram Payment Services, Inc., Thomas H. Lee Advisors LLC purchase Nexxo Financial Corp. /Money Transfer Kiosk Business from Nexxo Financial Corp.

Transaction Advisors

Underwriter

Bank of America Merrill Lynch

Advised onMoneyGram Payment Services, Inc. issued USD Common Stock

Auditor

Deloitte & Touche LLP

Advised onMoneyGram Payment Services, Inc. issued USD Common Stock

Legal Advisor

Dorsey & Whitney LLP

Advised onMoneyGram Payment Services, Inc. purchases PropertyBridge, Inc. from Claremont Creek Ventures

Legal Advisor

Alan J. Bogdanow

Advised onMoneyGram Payment Services, Inc. issued USD Common Stock

Chair of London Office

Arun Birla

Advised onMoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Legal Advisor

Ben Regnard-Weinrabe

Advised onMoneyGram Payment Services, Inc. purchases MTI Money Transfer Ltd.

Advisors & Consultants

Legal Advisor

Paul M. Basta

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Kenneth J. Nachbar

Partner at Morris Nichols Arsht & Tunnell LLP

Legal Advisor

Liza L. S. Mark

Chief Representative & Administrative Partner at Haynes and Boone LLP

Clients

Walmart, Inc.

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Government of Canada

The federal government of Canada is the body responsible for the federal administration of Canada. In Canadian English, the term can mean either the collective set of institutions (the legislative, executive, and judicial branches) or specifically the Queen-in-Council (the executive, also called Her Majesty's Government.

Massy Holdings Ltd.

Massy Holdings Ltd. is a holding company, which engages in the trading, manufacturing, finance and service industries. It operates through six segments: Automotive and Industrial Equipment, Energy and Industrial Gases, Integrated Retail, Financial Services, Information Technology and Communications and Other Investments. The Automotive and Industrial Equipment segment engages in the sale of new and used vehicles, spare parts & industrial equipment and also includes the manufacturing and sale of pre-stressed concrete products and the installation of deep foundations. The Energy and Industrial Gases segment focuses on the sale of gas and the provision of electrical, instrumentation and construction services for offshore platforms. The Integrated Retail segment engages in the sale of retail & wholesale foods, general merchandise & distribution and logistics operations. The Financial Services segment includes United Insurance Co. Ltd., which acts as insurer for property, motor, liability and marine risk. The Information Technology and Communications segment engages in the sale and rental of technology-based solutions, and office interiors. The Other Investments segments focuses on property management and other services. The company was founded in 1923 and is headquartered in Port of Spain, Trinidad and Tobago.

Key Stats and Financials As of 2019

Market Capitalization

$511M

Total Enterprise Value

$1.09B

Earnings Per Share

$-0.85

Revenue

$1.29B

Net Profit

$-60.3M

Total Debt

$904M

Total Equity

$-240M

Three Year Compounded Annual Growth Rate Of Revenue

-7.63%

Enterprise Value / Sales

0.85x

TEVNet Income

-18.09x

Debt TEV

0.83x

EBITDAMargin

10.72%

Enterprise Value EBITDAOperating

7.53x

EBITDA

$138M

Non-Profit Donations & Grants

$1,000 - $10K

2018

Inter-American Dialogue

$1,000 - $10K

2016

Inter-American Dialogue

$10K - $25K

2016

Junior League of Dallas, Inc.

Political Donations

$1,000

2008

Patricia Wiggins

Suppliers

Globant SA IT Consulting & Services | Luxembourg, Luxembourg

Globant SA operates as a digitally native company, which engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne and Néstor Nocetti in 2003 and is headquartered in Luxembourg.

ACI Worldwide, Inc. Consumer Finance | Atlanta, GA

ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as thousands of leading merchants globally rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize their electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry's most complete omni-channel payments experience.

Sailpoint Technologies Holdings, Inc. Holding Companies | Austin, TX

SailPoint Technologies Holdings, Inc. engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support. The company was founded on August 8, 2014 and is headquartered in Austin, TX.

Competitors

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Western Union Co. Retail & Commercial Banking - Englewood, CO

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.

Government of the United States of America Government - Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

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