Stellar Development Foundation completed a minority investment in MoneyGram International.

Synopsis

Stellar Development Foundation, a crypto payments network, completed a minority investment in MoneyGram International, an interstate and international peer-to-peer payments and money transfer company. Financial terms were not disclosed. "Most importantly, it signifies a rededication from MoneyGram International, one of the world's leading global financial technology, to becoming a digital-forward leader in fintech," Denelle Dixon, Stellar Development Foundation CEO.

Principals

target

MONEYGRAM

bidder

Stellar Development Foundation

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Market Context

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Seller Team (2)

alex holmes

Chairman and CEO at MONEYGRAM

Manager

target

Deals

£ 1.37 B

Total Value

brian johnson

CFO at MONEYGRAM

Manager

target

Deal

n/a

Total Value

Bidder Team (2)

denelle dixon

CEO at STELLAR DEVELOPMENT FOUNDATION

Manager

bidder

Deal

n/a

Total Value

ellen canale

Director of Communications and Public Affairs at STELLAR DEVELOPMENT FOUNDATION

Manager

bidder

Deal

n/a

Total Value

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