FOR IMMEDIATE RELEASE

International Money Express, Inc. Announces earnings for the Third Quarter 2018

Third Quarter 2018 - Financial Highlights

Revenues grew 28.6% versus the prior year period based on strong performance across our business in Mexico and Guatemala

GAAP Net Loss totaled $13.4 million

Adjusted EBITDA increased by 50.7% over the prior year to $13.4 million based on strong revenue growth and growing operating leverage in the business

Adjusted EBITDA margin was 18.5% for third quarter 2018, which represents a 270 basis point expansion over the prior year period

Third Quarter 2018 – Business Highlights

Intermex began trading as a public company on July 27, 2018 following the closing of its previously announced transaction with FinTech Acquisition Corp II (“FinTech”)

In May of 2018 Intermex recorded its first month with over 2 million transactions, and has recorded over 2 million transactions every month since.

MIAMI, Florida November 8, 2018: International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance services company focused on Latin America and the Caribbean corridor, today announced results for the third quarter ended September 30, 2018 and will host a conference call to discuss results at 5:00pm ET.

Intermex generated revenue of $72.5 million in the third quarter, an increase of 28.6% over the prior year. Revenue growth was primarily driven by volume growth in both Mexico and Guatemala.

The Company reported GAAP net loss in the third quarter of $13.4 million compared to $0.6 million loss in the prior year period, primarily as a result of costs related to the previously announced transaction with FinTech.

Adjusted EBITDA in the third quarter of 2018 grew 50.7% over the comparable period in the prior year to $13.4 million driven by volume growth coupled with the higher foreign exchange income and operating efficiency. This strong performance represents an Adjusted EBITDA margin of 18.5%, which was up 270 basis points over the same period a year ago.

Intermex President, Chairman and Chief Executive Officer Robert Lisy commented “Intermex continues to drive impressive growth and increased market share against the large and expanding $82 billion US to Latin America money transfer market. Our third quarter results again, displayed our ability to generate strong revenue growth and drive profitability as our business continues to scale.”

Market Highlights

Year-to-date as of September 30, based on industry data, Intermex has captured 38% of the total growth in US to Mexico remittance volume, and 47% of the total growth in US to Guatemala remittance volume.

Non-GAAP Measures

For the Company, Adjusted EBITDA is one of the primary metrics used by management to evaluate the financial performance of our business. We present Adjusted EBITDA because we believe it is frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Further, we believe it is helpful in highlighting trends in our operating results, because it excludes, among other things, certain results of decisions that are outside the control of management, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the jurisdictions in which we operate and capital investments.

Adjusted EBITDA is defined as net income (loss) before depreciation and amortization, interest expense, income taxes, and also adjusted to add back certain charges and expenses, such as transaction costs and non-cash compensation costs, as these charges and expenses are not considered a part of our core business operations and are not an indicator of ongoing, future company performance.

Adjusted EBITDA is a non-GAAP financial measure and should not be considered as an alternative to operating income or net income as a measure of operating performance or cash flows or as a measure of liquidity. Non-GAAP financial measures are not necessarily calculated the same way by different companies and should not be considered a substitute for or superior to GAAP.

A reconciliation of GAAP Net loss to Adjusted EBITDA is available in the enclosed exhibits.

Investor and Analyst Conference Call / Presentation

Intermex will host a conference call and webcast presentation at 5:00 p.m. Eastern

Time today. The conference call can be heard by dialing: 1-877-423-9813 (U.S.) or 1-201-689-8573 (outside the U.S.) ten minutes prior to the start of the call.

The conference call and accompanying slides will be available via webcast at https://investors.intermexonline.com. Registration for the event is required, so please register at least five minutes prior to the scheduled start time.

A webcast replay will be available approximately 2-4 hours after the conference call at https://investors.intermexonline.com/.

Safe Harbor Compliance Statement for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements, or could affect our share price. Some of the factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include among other things, competition in the markets in which we operate; our ability to maintain agent relationships on terms consistent with those currently in place; our ability to maintain banking relationships necessary for us to conduct our business; credit risks from our agents and the financial institutions with which we do business; bank failures, sustained financial market illiquidity, or illiquidity at our clearing, cash management or custodial financial institutions; new technology or competitors that disrupt the current ecosystem; disruptions to our information technology, computer network systems and data centers; our success in developing and introducing new products, services and infrastructure; customer confidence in our brand and in consumer money transfers generally; our ability to maintain compliance with the regulatory requirements of the jurisdictions in which we operate or plan to operate; international political factors or implementation of tariffs, border taxes or restrictions on remittances or transfers of money out of the United States; changes in tax laws and unfavorable outcomes of tax positions we take; political instability, currency restrictions and devaluation in countries in which we operate or plan to operate; weakness in U.S. or international economic conditions; change or disruption in international migration patterns; our ability to protect our brand and intellectual property rights; our ability to retain key personnel; and other factors described in the “Risk Factors” section in periodic reports we file with the Securities and Exchange Commission. All statements other than statements of historical fact included in this press release are forward-looking statements including, but not limited to, expected financial outlook for the remainder of 2018. Any forward-looking statement that we make in this press release speaks only as of November 8, 2018. We undertake no obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise.

About International Money Express, Inc.

At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money from the United States to Latin America and the Caribbean, including Mexico and Guatemala. We offer the electronic movement of money and data to our customers through our network of sending and paying agents located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America and the Caribbean. Our services are also available digitally through intermexonline.com. Founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.

Investor Relations

Sloan Bohlen

investors@intermexonline.com

International Money Express, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

	Successor Company
	September 30, 2018		December 31, 2017
ASSETS	(Unaudited)
Current assets:
Cash	$	82,490,398	$	59,155,618
Accounts receivable, net of allowance of $340,178 and $307,562, respectively		80,923,807		51,374,377
Prepaid wires		5,119,778		7,675,491
Other prepaid expenses and current assets		3,472,124		900,386
Total current assets		172,006,107		119,105,872

Property and equipment, net		9,525,295		8,490,794
Goodwill		36,259,666		36,259,666
Intangible assets, net		39,389,769		48,741,032
Deferred tax asset, net		-		1,748,854
Other assets		639,119		1,706,693
Total assets	$	257,819,956	$	216,052,911

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt, net	$	4,078,627	$	3,913,436
Accounts payable		14,060,179		8,919,796
Wire transfers and money orders payable		78,152,404		48,276,649
Accrued and other		14,018,061		11,514,449
Total current liabilities		110,309,271		72,624,330

Long term liabilities:
Deferred tax liability, net		5,157,019		-
Debt, net		104,423,502		107,526,462
Total long term liabilities		109,580,521		107,526,462

Stockholders' equity:
Total stockholders' equity		37,930,164		35,902,119
Total liabilities and stockholders' equity	$	257,819,956	$	216,052,911

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

	Successor Company												Predecessor Company
	Three Months Ended September 30,						Nine Months Ended September 30,			Period from February 1, 2017 to September 30,			Period from January 1, 2017 to January 31,
	2018			2017			2018			2017			2017
	(Unaudited)
Revenues:
Total revenues	$	72,508,466		$	56,393,294		$	198,843,890		$	141,771,122		$	14,425,343

Operating expenses:
Service charges from agents and banks		48,305,007			37,846,027			132,564,938			94,607,887			9,440,774
Salaries and benefits		10,959,507			5,983,784			24,632,910			16,395,185			4,530,308
Other selling, general and administrative expenses		5,206,932			4,163,419			13,390,449			10,400,190			1,063,379
Transaction costs		6,304,972			-			10,319,283			6,212,602			3,917,188
Depreciation and amortization		4,142,139			4,553,042			11,749,513			12,056,986			381,746
Total operating expenses		74,918,557			52,546,272			192,657,093			139,672,850			19,333,395

Operating (loss) income		(2,410,091	)		3,847,022			6,186,797			2,098,272			(4,908,052	)

Interest expense		3,433,731			4,612,430			10,109,664			8,107,258			613,742

Loss before income taxes		(5,843,822	)		(765,408	)		(3,922,867	)		(6,008,986	)		(5,521,794	)

Income tax provision (benefit)		7,569,174			(191,727	)		8,185,546			1,052,479			(2,203,373	)

Net loss		(13,412,996	)		(573,681	)		(12,108,413	)		(7,061,465	)		(3,318,421	)

Other comprehensive income (loss)		22,452			3,859			7,351			18,990			(2,453	)

Comprehensive loss	$	(13,390,544	)	$	(569,822	)	$	(12,101,062	)	$	(7,042,475	)	$	(3,320,874	)

Reconciliation from GAAP Net loss to Adjusted EBITDA

	Successor Company												Predecessor Company
	Three Months Ended September 30,						Nine Months Ended September 30,			Period from February 1, 2017 to September 30,			Period from January 1, 2017 to January 31,
(in thousands)	2018			2017			2018			2017			2017

Net loss	$	(13,412,996	)	$	(573,681	)	$	(12,108,413	)	$	(7,061,465	)	$	(3,318,421	)

Adjusted for:
Interest expense		3,433,731			4,612,430			10,109,664			8,107,258			613,742
Income tax provision (benefit)		7,569,174			(191,727	)		8,185,546			1,052,479			(2,203,373	)
Depreciation and amortization		4,142,139			4,553,042			11,749,513			12,056,986			381,746
EBITDA		1,732,048			8,400,064			17,936,310			14,155,258			(4,526,306	)
Transaction costs		6,304,972			-			10,319,283			6,212,602			3,917,188
Incentive units plan		4,022,739			287,440			4,735,336			1,534,655			-
Share-based compensation, 2018 Plan		430,250			-			430,250			-			-
Change in control adjustment for stock options		-			-			-			-			2,812,919
Management fee		195,000			195,000			585,000			520,000			-
TCPA settlement		-			-			191,500			-			-
Transition expenses		-			-			347,909			-			-
Costs related to registering warrants		615,000			-			615,000			-			-
Other employee severance		105,950			-			105,950			-			-
Other charges and expenses		38,124			36,444			346,568			106,489			105,314
Adjusted EBITDA	$	13,444,083		$	8,918,948		$	35,613,106		$	22,529,004		$	2,309,115