WorldRemit
remittances . mobile/online remittance . consumer
FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 24/01/2020
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About
WorldRemit, a better way to send money. Visit @WorldRemitHelp for 24/7 customer care.
MEDICI Analysis
WorldRemit, a UK-based startup, that allows a person to send money or airtime to over 40 countries.
Focus
PRODUCTS & SERVICES
Cross border remitance services
REVENUE MODEL
Users are charged a small percentage of the transaction – the fee could be as little as 95 cents (Euro).
MAIN CLIENTS
Online Retail Consumers
EXISTING PARTNERSHIPS
Tigo
MTN Group
Traction
NUMBER OF TRANSACTIONS:
1.3 M
People
FOUNDERS
Ismail Ahmed
Catherine Wines
Richard Igoe
BOARD MEMBERS AND ADVISORS
Harry Nelis
Jonathan Addis
Ismail Ahmed
John Rosenberg and Catherine Wines
NUMBER OF EMPLOYEES
501-1000
INVESTORS:
KEY EMPLOYEES:
Alice Newton-Rex (Chief Product Officer)
Mark Watson (CTO)
Breon Corcoran (CEO)
Andras Mecser (Group Chief Financial Officer)
Alex O'Shaughnessy (Chief Marketing Officer)
Andrew Stewart (Managing Director for Middle East & Africa)
Brion Nazzaro (Group Compliance Director)
Tamer El-Emary (Chief Commercial Officer)
Caroline Martin (VP
People) P
Daniel Canning (Commercial Director for North America)
Michael Liu (Managing Director
Asia Pacific)
Adriana Marques (MD Europe)
Alix Murphy (Director of Mobile Partnerships)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
7
TOTAL FUNDING
$362.66 M
DATE OF LAST FUNDING
Jun 2019
TOTAL FUNDING COMMENT
The company is planning to use the fund to expand their network and service in Indonesia and also it will help them to grow even faster (Dec 2017).
SEED & PRIOR FUNDING
$7.66 M
SEED CLOSED ON
Sep 2013
FUNDING SERIES
SERIES A · $40 M · Mar 2014
SERIES B · $100 M · Feb 2015
SERIES C · $40 M · Dec 2017
SERIES D · $175 M · Jun 2019
DEBT FUNDING
$45 M
LISTED
NO
COMMENT
Debts funding: $45 M(Feb 2016)
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