Moneytrans raised €11 million in a growth equity round led by Axio Capital and Finance&Invest Brussels.

Moneytrans, a Bruxelles, Belgium-based financial service provider tailored to the migrant market, announced completing a €11 million ($12.5M) growth equity round.

The money was raised from investors from France and Belgium, led by Axio Capital and Finance&Invest Brussels.

Moneytrans, founded in 2002 and led by by CEO Jeremy de Smet, is a financial services company providing payment services for migrants as well as other neo-banking services tailored to the remittance and working migrants market. The company says it works with partners coing from a European retail network of 3.000+ branches that are then in turn linked to over 500.000+ payout locations in over 140 countries worldwide.