About Remessa Online
Remessa Online is a company based in Sao Paulo (Brazil) founded in 2016 was acquired by EBANX in December 2021.. Remessa Online has raised $21.53 million across 1 funding round from investors including Bewater Ventures, Kaszek and Kevin Efrusy. Remessa Online offers products and services including Money Transfer Service, API Integration, and Remessa App. Remessa Online operates in a competitive market with competitors including Wise, CurrencyFair, TransferGo, Western Union and SentBe, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bee Tech Serviços De Tecnologia Ltda
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.53 M (USD)
in 1 rounds
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Latest Funding Round
$21.53 M (USD), Series B
Jun 16, 2020
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Investors
Bewater Ventures
& 3 more
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Employee Count
Employee Count
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Acquired by
EBANX
(Dec 15, 2021)
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Products & Services of Remessa Online
Remessa Online offers a comprehensive portfolio of products and services, including Money Transfer Service, API Integration, and Remessa App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for sending and receiving international funds securely.
Tools for businesses to integrate money transfer functionalities.
App for tracking and managing international transactions in real time.
Funding Insights of Remessa Online
Remessa Online has successfully raised a total of $21.53M through 1 strategic funding round. The most recent funding activity was a Series B round of $21.53 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $21.5M
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First Round
First Round
(16 Jun 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series B - Remessa Online | Valuation | Bewater Ventures , Kaszek |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Remessa Online
Remessa Online has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Bewater Ventures, Kaszek and Kevin Efrusy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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KE
Kevin Efrusy |
Venture capitalist at Accel, angel investor, ex-Facebook growth lead
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Remessa Online
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Remessa Online
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Remessa Online Comparisons
Competitors of Remessa Online
Remessa Online operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, TransferGo, Western Union and SentBe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Remessa Online
Frequently Asked Questions about Remessa Online
When was Remessa Online founded?
Remessa Online was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Remessa Online located?
Remessa Online is headquartered in Sao Paulo, Brazil.
Is Remessa Online a funded company?
Remessa Online is a funded company, having raised a total of $21.53M across 1 funding round to date. The company's 1st funding round was a Series B of $21.53M, raised on Jun 16, 2020.
What does Remessa Online do?
Remessa Online was established in 2016 in Sao Paulo, Brazil, as a fintech platform. International transfers are handled for both consumers and businesses through an online interface. Transactions are processed via partnerships with banks to ensure routing efficiency. Operations are managed by BeeCambio, with a focus on cross-border financial services in the Latin American market.
Who are the top competitors of Remessa Online?
Remessa Online's top competitors include Wise, TransferGo and 2C2P.
What products or services does Remessa Online offer?
Remessa Online offers Money Transfer Service, API Integration, and Remessa App.
Who are Remessa Online's investors?
Remessa Online has 4 investors. Key investors include Bewater Ventures, Kaszek, Kevin Efrusy, and EBANX.
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