WorldRemit’s New Fund of $45M Will Be Used to Drive Next Growth Phase

London [Press release]: WorldRemit, the global money transfer app, has recently raised $45M in financing. The investment came from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. The latest financing brings the total fund raised by the company to $192.7M to date. Pioneering a mobile-first approach to remittances, the company plans to use the funds to support its rapidly growing transfer volumes.The WorldRemit app allows users to send money straight from their smartphone, instead of having to travel to a money transfer agent. Those receiving money – often in developing countries – can collect the f ...

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