Rewire by Remitly
About Rewire by Remitly
Rewire by Remitly is a company based in Tel Aviv (Israel) was acquired by Remitly in August 2022. It operates as a FinTech, and Commission-Based. Rewire by Remitly has raised $57 million across 4 funding rounds from investors including OurCrowd, Remitly and BNP Paribas. Rewire by Remitly has completed 1 acquisition, including Imagen Cards. Rewire by Remitly offers products and services including International Money Transfer and Rewire Card. Rewire by Remitly operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter Tel Aviv, Israel
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Rewire Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Rewire by Remitly
Rewire by Remitly offers a comprehensive portfolio of products and services, including International Money Transfer and Rewire Card. 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.
Money is transferred internationally with zero sending fees.
Salary is received and sent home via card.
Unlock access to complete
Funding Insights of Rewire by Remitly
Rewire by Remitly has successfully raised a total of $57M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in February 2022. 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 4
- Last Round Series B — $25.0M
-
First Round
First Round
(26 Mar 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Rewire by Remitly | Valuation | OurCrowd , Migdal Group | |
| Mar, 2021 | Amount | Series B - Rewire by Remitly | Valuation | OurCrowd | |
| Mar, 2021 | Amount | Debt – Conventional - Rewire by Remitly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rewire by Remitly
Rewire by Remitly has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include OurCrowd, Remitly and BNP Paribas. 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 |
|---|---|---|---|---|
|
Limited information is provided about Glilot's activities.
|
Founded Year | Domain | Location | |
|
Investments are made in early-stage technology companies globally.
|
Founded Year | Domain | Location | |
|
Investments are directed by Moneta toward data science technology startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Rewire by Remitly
Rewire by Remitly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Imagen Cards. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Reloadable prepaid cards are provided internationally for consumer use.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Rewire by Remitly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rewire By Remitly Comparisons
Competitors of Rewire by Remitly
Rewire by Remitly 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, Remessa Online, TransferGo and Western Union, 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.
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
|
|
| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
|
|
| domain | founded_year | HQ Location |
Provider of remittance services
|
|
| domain | founded_year | HQ Location |
Cross-border remittance solution
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Rewire by Remitly
Where is Rewire by Remitly located?
Rewire by Remitly is headquartered in Tel Aviv, Israel.
Is Rewire by Remitly a funded company?
Rewire by Remitly is a funded company, having raised a total of $57M across 4 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Mar 26, 2019.
What does Rewire by Remitly do?
International money transfers are provided by Rewire by Remitly from Israel to over 130 countries worldwide. Services are offered with zero sending fees and competitive exchange rates. Solutions include bank transfers, cash pickups, and digital wallet transfers. The Rewire Card is also provided for salary deposits and direct transfers. The financial sector is primarily targeted, focusing on secure and fast transactions for migrants and individuals managing finances internationally.
Who are the top competitors of Rewire by Remitly?
Rewire by Remitly's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Rewire by Remitly offer?
Rewire by Remitly offers International Money Transfer and Rewire Card.
How many acquisitions has Rewire by Remitly made?
Rewire by Remitly has made 1 acquisition, including Imagen Cards.
Who are Rewire by Remitly's investors?
Rewire by Remitly has 17 investors. Key investors include OurCrowd, Remitly, BNP Paribas, Standard Bank, and Bank Hapoalim.