About Remit
Remit is a company based in Kampala (Uganda) founded in 2013 by Stone Atwine, Collins Mugume, and TMS Ruge. Remit operates in a competitive market with competitors including Wave Systems, Chipper Cash, WorldRemit, YouTrip and bKash, among others.
- Headquarter Kampala, Uganda
- Founders Stone Atwine, Collins Mugume, TMS Ruge
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website useremit.com
- Social LinkedIn X Facebook
People of Remit
3 people are tracked at Remit (3 in leadership).
| Name | Role | Group |
|---|---|---|
Stone Atwine | Co-Founder & CEO | Leadership |
Collins Mugume | Co-Founder | Leadership |
TMS Ruge | Co-Founder & CMO | Leadership |
Complete people profiles for Remit
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- Team structure
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Competitors of Remit
Remit 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 Wave Systems, Chipper Cash, WorldRemit, YouTrip and bKash, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wave.com | 1996 | Lee, United States | $326.26M | – | Cross-border money transfers are enabled via an app-based wallet. | |
| chippercash.com | 2018 | San Francisco, United States | $302.2M | – | Cross-border remittances are enabled for individuals through a mobile wallet. | |
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| bkash.com | 2011 | Dhaka, Bangladesh | $261M | – | Mobile financial services and payment system for consumers | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| paysend.com | 2015 | Valletta, Malta | $226.9M | – | Cross-border money transfers are enabled via digital wallet. | |
| sendwave.com | 2011 | Boston, United States | $13.8M | 339 | Cross-border money transfers are facilitated through a mobile wallet service. | |
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | – | Cross-border payments are enabled for sending and receiving money internationally. | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | – | Cross-border money transfers are enabled by an app-based digital wallet. |
Detailed competitors of Remit
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Remit
The website of Remit (useremit.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 7.2% vs previous month
Similar companies to Remit
10 companies that operate in the same segment as Remit (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Remit
Remit was founded in 2013.
Remit is headquartered in Kampala, Uganda.
Stone Atwine is the current CEO of Remit. They have also founded this company.
Useremit was established in 2013 in Kampala, Uganda, within the fintech sector. Funds are transferred through a digital wallet to recipients in Uganda, Kenya, and Rwanda, with payments processed via credit or debit cards directly to the receivers wallet. Bill payments specific to Uganda are also supported, enabling cross-border remittances and local utility settlements in East Africa.
Remit's top competitors include Chipper Cash, Taptap Send and WorldRemit.