About Remitbee
Remitbee is a Financial Services company based in Mississauga (Canada) founded in 2014. It operates as a money transfers are facilitated globally from Canada by Remitbee. Its website remitbee.com draws about 189 thousand monthly visits. Its Indian entity Remitbee India Private Limited reported revenue of ₹3.38 Cr. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its competitors include Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Remitbee was founded in 2014 in Mississauga, Canada, operating in the remittance sector. Funds are transferred to eight countries through a platform where users deposit via Interac e-transfer or Visa debit cards. An e-wallet is provided, loadable by Interac or bill payments. Beneficiaries receive funds via bank accounts, cash pickup, or mobile airtime, with fees starting at 2.99. The company was incubated by 500 Startups.
- Headquarters Mississauga, Canada
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Website remitbee.com
- Social LinkedIn X Facebook
- Legal Name Remitbee India Private Limited
- Date of Incorporation 15 Nov, 2021
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹3.38 Cr
FY 2024
- Net Profit₹12.4 Lakh
FY 2024 · 4% margin
- EBITDA₹19.8 Lakh
FY 2024 · 6% margin
- Investors
Associated legal entities of Remitbee
Remitbee operates through Remitbee India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Remitbee India Private Limited CIN U74999TN2021FTC147898 | Active | 15 Nov 2021 | Chennai, Tamil Nadu | ₹3.4 Cr | 23 | 4 | View details |
Funding Insights of Remitbee
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Remitbee with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2015 | – | Seed | – | 500 Global | – |
1 investors in total: 1 institutional.
Investors in Remitbee
Remitbee has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 500 Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam |
Investor details for Remitbee
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Remitbee India Private Limited (Remitbee)
Remitbee India Private Limited is the primary company behind Remitbee. The board of Remitbee India Private Limited currently have 4 directors; the longest-serving is Manotheepan Yoganathan, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manotheepan Yoganathan DIN 09400265 | Nominee Director | 15 Nov 2021 | 4 yrs 11 mo | Remitbee India Private Limited |
| Ronak Rajeshbhai Patel DIN 09400266 | Nominee Director | 15 Nov 2021 | 4 yrs 11 mo | Remitbee India Private Limited |
| Nikhil Krishna DIN 09681769 | Director | 22 Jul 2022 | 4 yrs 2 mo | Remitbee India Private Limited |
| Peratheepan Yoganathan DIN 10133938 | Nominee Director | 10 May 2023 | 3 yrs 5 mo | Remitbee India Private Limited |
People of Remitbee
21 people are tracked at Remitbee (5 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Pratheepan Y. | Co-founder and CEO | Leadership |
| Chief Technology Officer | Leadership | |
Pratheepan Yoga | Co-Founder & President | Leadership |
Manos Yoganathan | Co-founder and COO | Leadership |
Vijayakumar Selladurai | General Manager | Leadership |
Aryana Ansari | Project Manager Of Global Expansion | Team |
Anthony Edward | QA Automation Engineer | Team |
Franciele L. | Lead Software Developer | Team |
Karthick V | Full Stack Developer | Team |
Neville Dabre | Full Stack Developer | Team |
Pranay Jadhav | Lead iOS Developer | Team |
Chinmaie Gorla | Technical Program Manager | Team |
Vaitheeswaran balakrishnan | Unknown Role | Team |
Sanjay Chander | Senior Human Resource Consultant | Team |
Maksym Vakhriv | Product Lead | Team |
Miloš Miljanović | User Experience Designer | Team |
Solomon Paul Raj | Seo & Paid Ads Specialist | Team |
Bhanu Naveenkumar | Senior Risk And Compliance Analyst | Team |
Vidya Rangan | Customer Service Specialist | Team |
Jegatheepan Balasingam | Office Administrator | Team |
1 more people are available in the full profile.
Complete people profiles for Remitbee
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Financials of Remitbee
Figures of Remitbee India Private Limited, the primary company behind Remitbee, for FY 2024. Revenue was ₹3.38 Cr. Net profit was ₹12.4 Lakh (4% margin). EBITDA was ₹19.8 Lakh (6% margin).
- ₹3.38 CrRevenue · FY 2024
- ₹12.4 LakhNet profit · 4% margin
- ₹19.8 LakhEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- 23Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Remitbee India Private Limited are on its company page.
Detailed financial statements for Remitbee
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Remitbee
2 dated milestones of Remitbee across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Remitbee is founded.
- Funding First funding round.
Competitors of Remitbee
Remitbee has 9 listed competitors in our database, 7 of them funded. They include Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $435.93M | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| euronetworldwide.com | 1994 | Leawood, United States | – | 10,000 | Electronic payments and transaction processing solutions are offered globally. | |
| xoom.com | 2001 | San Francisco, United States | $106.44M | 42 | Cross-border money transfers are enabled via banking channels. | |
| bookmyforex.com | 2011 | Gurugram, India | $5.59M | 231 | Online foreign exchange and remittance services are facilitated in India. | |
| nala.com | 2017 | Nairobi, Kenya | $50.15M | – | Cross-border remittances are enabled online for individuals worldwide. | |
| azimo.com | 2012 | London, United Kingdom | $68.82M | 164 | Cross-border money transfers are enabled via a digital banking channel. | |
| ofx.com | 1998 | Sydney, Australia | – | – | International money transfer service provider. | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses | |
| wirebarley.com | 2016 | Seoul, South Korea | $14M | – | Cross-border money transfers are enabled via an online platform. |
Detailed competitors of Remitbee
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Remitbee
The website of Remitbee (remitbee.com) receives about 189.3K visits a month and ranks #205,157 among all websites worldwide, #3,189 in Banking Credit and Lending.
- Monthly visits189.3K
▲ 12.7% vs previous month
- Unique visitors58.3K
per month
- Global rank#205,157
among all websites
- Category rank#3,189
Finance · Banking Credit and Lending
- Bounce rate39%
- Pages per visit4.1
- Average visit1 min 50 sec
- DevicesDesktop 34% · Mobile 66%
Websites whose visitors overlap most with Remitbee. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rbcroyalbank.com | 100% | 22.1M | #3,396 | View details | |
| knightsbridgefx.com | 94% | – | #264,084 | View details | |
| cibc.com | 94% | 22.6M | #1,742 | View details | |
| td.com | 92% | 43.2M | #717 | View details | |
| exiap.ca | 90% | – | #1,296,828 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Remitbee
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- 40 similar websites
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Remitbee (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
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, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Remitbee
Complete news archive for Remitbee
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Frequently Asked Questions about Remitbee
Remitbee was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Remitbee is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
The primary company behind Remitbee, Remitbee India Private Limited, reported revenue of ₹3.38 Cr for FY 2024.
Remitbee was founded in 2014 in Mississauga, Canada, operating in the remittance sector. Funds are transferred to eight countries through a platform where users deposit via Interac e-transfer or Visa debit cards. An e-wallet is provided, loadable by Interac or bill payments. Beneficiaries receive funds via bank accounts, cash pickup, or mobile airtime, with fees starting at 2.99. The company was incubated by 500 Startups.
Remitbee's top competitors include Azimo, Euronet Worldwide and NALA.
Remitbee has 1 investor. Key investors include 500 Global.
Remitbee operates through Remitbee India Private Limited.
The legal entities of Remitbee currently have 4 directors, including Manotheepan Yoganathan, Ronak Rajeshbhai Patel, Nikhil Krishna and others.
The website of Remitbee receives about 189 thousand visits a month and ranks #205,157 among all websites worldwide.