Ria completed the acquisition of a 60% stake in Kyodai.

Ria Money Transfer, a cross-border money transfer company, completed the acquisition of a 60% stake in Kyodai Remittance, a Japan-based funds transfer business and overseas remittance specialist. Financial terms were not disclosed. “Kyodai’s success has always been rooted in our values, principles and the unwavering dedication of our employees. This new chapter with Ria will allow us to scale further by tapping into a world-class global network, ultimately enhancing our service offering and creating more value for our customers,” Yuichiro Kimoto, Kyodai Remittance CEO.