Here’s Upslope Capital Management’s Views on International Money Express (IMXI)

Upslope Capital Management, an investment management company, released its third-quarter investor letter. A copy of the letter can be downloaded here. The third quarter was a strong one for the fund despite unusual volatility in the macro environment. The fund returned +8.8% (net) in Q3 compared to +5.5% and +3.8% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as International Money Express, Inc. (NASDAQ:IMXI). Headquartered in Miami, Florida, International Money Express, Inc. (NASDAQ:IMXI) is a financial technology company that provides money remittance services. The one-month return of International Money Express, Inc. (NASDAQ:IMXI) was 4.26%, and its shares lost 15.78% of their value over the last 52 weeks. On October 22, 2025, International Money Express, Inc. (NASDAQ:IMXI) stock closed at $14.76 per share, with a market capitalization of $1439.472 million.

Upslope Capital Management stated the following regarding International Money Express, Inc. (NASDAQ:IMXI) in its third quarter 2025 investor letter:

“International Money Express, Inc. (NASDAQ:IMXI) is a remittance payment provider. Upslope had been tracking IMXI for several quarters with a small Starter position. Historically, the company had an attractive financial profile. Recently, shares came under pressure due to immigration policy uncertainty. In late July, I observed the company was clearly late announcing its Q2 earnings date. In my view, this can signal one of two things: a sale of the company or…fraud. Given IMXI’s recent history (share price collapse and pressure to engage in strategic discussions) I suspected the former. Given the business model (EM payments), however, I did not rule out the latter. This led me to purchase call options for the Fund – betting on a take-out in the very short-term, while limiting downside. On Aug 10, Western Union announced it was acquiring Intermex for a 60% premium. Most of the position was sold shortly thereafter.”

Is Billion Dollar Hedge Fund Voss Capital Crazy About International Money Express (IMXI)?

International Money Express, Inc. (NASDAQ:IMXI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 24 hedge fund portfolios held International Money Express, Inc. (NASDAQ:IMXI) at the end of the second quarter, up from 23 in the previous quarter. While we acknowledge the risk and potential of International Money Express, Inc. (NASDAQ:IMXI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than International Money Express, Inc. (NASDAQ:IMXI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered International Money Express, Inc. (NASDAQ:IMXI) and shared Meridian Small Cap Growth Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.