WorldRemit

WorldRemit

remittances | mobile/online remittance | consumer
website linkedin address
  • FOUNDING YEAR: 2010
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    25 Nov, 2019

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Online Retail Consumers
EXISTING PARTNERSHIPS:
Tigo, MTN Group

PEOPLE

FOUNDERS:
Ismail Ahmed, Catherine Wines, Richard Igoe
Board Members and Advisors:
Jonathan Addis, Ismail Ahmed, Harry Nelis, John Rosenberg, Catherine Wines
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Technology Crossover Ventures, Project A Ventures, LeapFrog Investments, Accel Partners, TriplePoint Venture Growth, Silicon Valley Bank
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), Daniel Canning (Commercial Director for North America), Michael Liu (Managing Director, Asia Pacific), Adriana Marques (MD Europe), Alix Murphy (Director of Mobile Partnerships)

TRACTION

NUMBER OF TRANSACTIONS:
1.3 MM

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$362.66 Millions
DATE OF LAST FUNDING:
Dec 2017
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 Millions
SEED CLOSED ON:
Oct 2013
FUNDING SERIES:
SERIES A
$40 Millions Closed: Mar 2014
SERIES B
$100 Million Closed: Feb 2015
SERIES C
$40 Millions Closed: Dec 2017
SERIES D
$175 Million Closed: Jun 2019
DEBT FUNDING:
$45 Millions
LISTED:
NO
COMMENT:
Debts funding: $45 M(Feb 2016)

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