Opening the Europe – LATAM corridor for a growing remittance app

About the client

The client is a LATAM-based fintech built around a simple promise: sending money home should be fast, fair, and affordable, no matter which side of the world you're sending from. Their platform already served workers and families moving money across Latin American corridors. The next step in their growth was Europe — a market with a large diaspora sending remittances back to LATAM, but one that required an entirely different regulatory and payments infrastructure to serve properly.

The challenge

Serving European senders meant handling euro-denominated transactions in full regulatory compliance — something the client's existing infrastructure wasn't built for. Traditional correspondent banking made this expansion difficult on two fronts: cost and speed. Bank wires between Europe and Latin America can take 2–5 days to settle, and each intermediary bank in the chain adds its own fee, eroding the thin margins remittance businesses rely on to stay competitive. Building this capability alone would have meant pursuing European licensing, opening local banking relationships, and managing compliance obligations in an entirely new jurisdiction — a slow and costly path for a company that needed to move quickly to capture the opportunity. The client needed a partner who already had this infrastructure in place.

The solution

VirtuaBroker connected to the client's platform through a single API integration, giving them the European collection and settlement infrastructure they needed without building it themselves:

• Local euro collection — VirtuaBroker collects funds from the client's European senders through local euro payment rails, so senders pay in the way they're used to, without an international wire.

• Routed delivery to the client's LATAM payout partner — once collected, funds are routed from VirtuaBroker to the client's existing partner network in Latin America, who handles the final leg of delivery to the recipient. VirtuaBroker's infrastructure sits at the European collection and cross-border routing stage, not the last-mile payout itself.

• Compliance handled at the infrastructure layer — VirtuaBroker's existing European regulatory coverage meant the client didn't need to pursue their own licensing to start operating in the region, cutting months off the expansion timeline.

• Built for real-time settlement — the corridor is architected to move funds from collection to LATAM handoff in minutes rather than the days typical of correspondent banking.

The results

Since launching the Europe–LATAM corridor, the client has scaled quickly across the region: 20 new send countries went live from a single integration, avoiding the corridor-by-corridor buildout that traditional banking partnerships would have required. The corridor now processes €1M+ in monthly volume, driven by 15K+ monthly transactions from senders across Europe. The expansion has also brought the client 10K+ new clients, extending their remittance product to a diaspora population they weren't able to serve before.