About WorldRemit
WorldRemit is a company based in London (United Kingdom) founded in 2010 by Richard Igoe. WorldRemit has raised $623.96 million across 10 funding rounds from investors including SVB, J P Morgan and Accel. WorldRemit has completed 1 acquisition, including Sendwave. WorldRemit offers products and services including Money Transfer App and Currency Converter. WorldRemit operates in a competitive market with competitors including Wave Systems, Chipper Cash, YouTrip, bKash and MoneyGram, among others.
- Headquarter London, United Kingdom
- Founders Richard Igoe
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Sectors
Financial Services
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Email
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- Legal Name Worldremit Ltd.
- Date of Incorporation 22 Dec, 2009
- Jurisdiction LONDON, ENGLAND
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Products & Services of WorldRemit
WorldRemit offers a comprehensive portfolio of products and services, including Money Transfer App and Currency Converter.
App for sending secure international money transfers quickly.
Tool to view exchange rates for international transfers.
People of WorldRemit
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Leadership Team
20 people
Software Development Team
19 people
Senior Team
8 people
Finance and Accounting
6 people
Data Analysis and Operations Team
4 people
Product Management Team
4 people
Sales and Marketing
3 people
QA Team
3 people
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Funding Insights of WorldRemit
WorldRemit has successfully raised a total of $623.96M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $257.26 million completed in August 2021. 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.
Investors in WorldRemit
WorldRemit has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, J P Morgan and Accel.
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Venture capital is invested in global technology companies by TCV.
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Accel is recognized as a leading venture capital firm.
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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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Investor details for WorldRemit
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by WorldRemit
WorldRemit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sendwave.
Investment portfolio details for WorldRemit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
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Cross-border money transfers are facilitated through a mobile wallet service.
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Complete acquisition details for WorldRemit
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- Transaction dates
- Acquired stakes
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Financial Statements - WorldRemit
Detailed financials for WorldRemit
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- Profit trends
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Worldremit Comparisons
Peer comparison for WorldRemit
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Competitors of WorldRemit
WorldRemit 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, YouTrip, bKash and MoneyGram, among others.
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Cross-border money transfers are enabled via an app-based wallet.
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Cross-border remittances are enabled for individuals through a mobile wallet.
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NFC-enabled travel cards and wallets are provided for travelers.
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Mobile financial services and payment system for consumers
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Cross-border payments are enabled via wallet solutions for consumers.
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Detailed competitors of WorldRemit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Worldremit
Complete news archive for WorldRemit
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Frequently Asked Questions about WorldRemit
WorldRemit was founded in 2010 and raised its 1st funding round 1 year after it was founded.
WorldRemit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Breon Corcoran is the current CEO of WorldRemit.
WorldRemit is a funded company, having raised a total of $623.96M across 10 funding rounds to date.
WorldRemit is a banking channel for cross-border money transfers. It allows users to send, receive, and make global payments through bank transfers, cash pickups, mobile money, and wallets. It allows users to make international airtime top-ups and payouts through an app and web-based devices.
WorldRemit's top competitors include Chipper Cash, Taptap Send and MoneyGram.
WorldRemit offers Money Transfer App and Currency Converter.
WorldRemit has made 1 acquisition, including Sendwave.
WorldRemit has 11 investors. Key investors include SVB, J P Morgan, Accel, LeapFrog, and LeapFrog Investments.