WorldRemit

remittancesmobile/online remittanceconsumer

FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 24/01/2020

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About

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

Jonathan Addis

Ismail Ahmed

Harry Nelis

John Rosenberg and Catherine Wines

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

Accel Partners

Leapfrog Investments

Project A Ventures

Silicon Valley Bank

Technology Crossover Ventures

TriplePoint Venture Growth

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

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)

BASICS

FOUNDING YEAR:

2010

LOCATION:

United Kingdom

Views:

384 VISITORS | 798 VIEWS
LATEST FUNDING ROUND

$363 M

TOTAL EMPLOYEES
501-1000

About

WorldRemit, a UK-based startup, that allows a person to send money or airtime to over 40 countries.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

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