Former MoneyGram CEO Joins Brightwell Board
Alex Holmes, the former CEO of MoneyGram, has announced he is joining the board of Brightwell. Brightwell is a payments technology company that focuses on providing embedded cross-border payment solutions for financial institutions.
- Under Alex Holmes's leadership as CEO from 2016 to 2024, MoneyGram underwent a significant digital transformation focused on its mobile and API-driven platforms. This period also saw the company go private in a 2023 deal with Madison Dearborn Partners to accelerate long-term investment in digital offerings away from public market pressures. - Brightwell's core strategy is enabling banks and credit unions to embed white-label cross-border payment services directly into their own digital banking experiences. This approach is designed to help financial institutions retain customers who might otherwise use third-party remittance apps, thereby protecting the primary account relationship and creating new revenue opportunities. - The company's payment infrastructure relies on key partnerships with major networks; its "ReadyRemit" cross-border payments-as-a-
