InteliExpress Money Transfers
- Founded
- 2006-01-01 in Tbilisi, Georgia
- Headquarters
- Tbilisi, Georgia
InteliExpress is an international money transfer system headquartered in Tbilisi, Georgia, founded in 2006. It was the first Georgian money transfer system to secure licenses in the European Union, United Kingdom, Ukraine, and several post-Soviet states, establishing itself as a regulated cross-border remittance provider. The company’s core business is cash-to-cash money transfers between individuals, enabling recipients to collect funds without a bank account using a unique transaction code and identification. Over nearly two decades, InteliExpress has expanded from its Georgian base into Greece, Italy, the UK, Cyprus, and Turkey, while building a partner network that extends across more than 70 countries worldwide. Its service points—both company-owned branches and partner locations—number over 500,000 globally, covering Europe, Central Asia, Africa, the Middle East, and parts of Asia. Beyond basic remittances, the company offers credit cards, mortgage lending, pawn loans secured by precious metals, utility and bill payment services, SEPA euro transfers, and commercial payment solutions. InteliExpress is a member of SWIFT, complies with OFAC sanctions and Dow Jones risk data, and holds Payment Institution status under the EU’s Payment Services Directive in Greece. The system processes tens of thousands of transactions daily, serving a large diaspora and migrant customer base.
Detailed Review
History & Expansion
InteliExpress was founded in 2006 in Tbilisi, Georgia, and received its initial license from the National Bank of Georgia. The first branch opened in Georgia the same year. In 2007, the company expanded into Greece (Athens), obtaining a license from the Central Bank of Greece, and extended its network into CIS countries including Ukraine, Moldova, Armenia, Russia, Tajikistan, and Uzbekistan. Throughout the 2010s, InteliExpress added Italy (first own branch in Bari, 2014), the UK (first branch in London, 2012, later becoming an agent of an authorised payment institution), and Turkey. The company joined OFAC and Dow Jones Risk and Compliance in the early 2010s and became a SWIFT member in 2011. In 2015, InteliExpress Greece obtained Payment Institution status under EU Directive 2007/64/EC. The network reached South America, Africa, and the Far East in subsequent years. In 2018, the system was granted “Important Payment System” status by the National Bank of Ukraine.
Network & Coverage
InteliExpress operates its own branches in Georgia, Greece, Italy, and the UK, and maintains partnerships with banks and other money transfer operators worldwide. Claimed coverage includes over 70 countries (some sources state more than 90) with 57,000 locations (a figure from a 2018-era page). The company’s own website now cites over 500,000 sending and cashing points globally, reflecting partner aggregations.
Products & Platforms
InteliExpress’s flagship service is cash-to-cash money transfers, allowing senders to transmit funds across borders using a unique code; recipients can collect cash within 15 minutes without a bank account. The company also offers SEPA euro transfers to 36 European countries with fixed low fees, bank account deposits, utility and bill payment services (mainly in Greece and Georgia), credit cards issued to customers in Georgia, mortgage loans in Georgian Lari up to 100,000 GEL with 16% annual interest, pawn loans secured by gold, a deferred payment product called “Send Money NOW and Pay Later” launched in Georgia in 2014, and commercial payment solutions for businesses.
Licensing & Compliance
InteliExpress is regulated by the National Bank of Georgia, the Central Bank of Greece (as a Payment Institution), the National Bank of Ukraine, and the National Bank of Kazakhstan. Its UK operations act as an agent of an authorised payment institution. The company complies with OFAC sanctions screening and uses Dow Jones Risk and Compliance data for anti-money laundering and counter-terrorism financing.
Technology & Security
The system employs a centralised processing platform that enables real-time transaction visibility. Customers can check transfer status online using a unique code. Data encryption and strict confidentiality procedures are applied.
Funding & Corporate Structure
No funding rounds or external investment have been publicly disclosed. The company remains privately held. No publicly confirmed leadership information was found.
Key Products
Cash-to-Cash Money Transfers
Core service: send money across borders using a unique code; no bank account needed.
SEPA Euro Transfers
Low-fee transfers to 36 European countries up to €500 limit with pre-approved limits.
Bank Account Deposits
Transfers directly to recipient bank accounts.
Utility & Bill Payments
Pay commissions, utility bills, insurance payments (mainly Greece and Georgia).
Credit Cards
Issued to customers in Georgia.
Mortgage Loans
Home loans in GEL up to 100,000 GEL, 16% annual interest.
Pawn Loans
Gold-secured loans in GEL with daily interest.
Send Money NOW and Pay Later
Deferred payment transfer product (Georgia, launched 2014).
Key Persons
- Dea Nebieridze
Speaker