Pangea provides a cloud‑based platform that enables U.S. individuals and small businesses to send money to 24 countries with real‑time foreign‑exchange rates and low, transparent fees. The service supports card and ACH funding and offers multiple payout options—including direct bank deposits, debit‑card credits, mobile‑wallet credits, cash pickup, and bill payment—while maintaining PCI‑DSS, SSL/TLS, multi‑factor authentication, and AML/KYC compliance.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers in the United States who need to remit money abroad often encounter high transfer fees, unfavorable exchange rates, limited payout channels, and concerns about transaction security and compliance.
Solution
Pangea operates a cloud‑based money‑transfer platform that lets U.S. users send funds to 24 destination countries with competitive, real‑time foreign‑exchange rates and transparent, low‑cost fees. The service supports multiple payment methods—including debit/credit cards and ACH bank transfers—and offers a range of recipient options such as direct bank deposits, debit‑card credits, mobile‑wallet credits, cash pickup, and bill payment. End‑to‑end SSL/TLS encryption, PCI‑DSS compliance, multi‑factor authentication, and continuous AML/KYC monitoring protect user data and prevent fraud. Transfers initiated with cards are typically delivered within minutes, while ACH‑based payments settle in 3–4 business days. Users receive instant status notifications through the web portal or mobile app, and bilingual support is available to resolve issues in English or Spanish.
Target Audience
The primary customers are U.S. individuals and small businesses that need to send remittances or cross‑border payments to family, friends, or vendors in Latin America, Asia, Africa, and Europe.
Features
- Web and native mobile applications with an intuitive, step‑by‑step workflow for initiating transfers in seconds
- Real‑time FX pricing engine that sources market rates and applies a transparent markup to ensure competitive conversion rates
- Tiered fee structure that varies by destination and payment method, with no hidden charges and a “first transfer fee‑free” promotion
- Multiple payout channels per country: direct bank deposit, debit‑card credit, mobile‑wallet credit, cash pickup at partner locations, and bill‑payment routing
- Security stack including SSL/TLS encryption, PCI‑DSS compliance, MFA, and automated AML/KYC checks on every transaction
- Instant settlement for card‑funded transfers and scheduled ACH processing for lower‑cost bank‑to‑bank transfers, with real‑time status updates via push notifications and email
- Bilingual (English/Spanish) customer support desk operating 24/7 to handle inquiries, dispute resolution, and compliance questions