About WorldRemit
WorldRemit is a Financial Services company based in London (United Kingdom) founded in 2010 by Richard Igoe. Banking channel for cross border money transfers. 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. Its chief executive, as recorded, is Breon Corcoran. Its website worldremit.com draws about 807 thousand monthly visits. WorldRemit offers products and services including Money Transfer App and Currency Converter. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its legal entity is WORLDREMIT LTD. Its competitors include Taptap Send and LemFi; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Founders Richard Igoe
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website worldremit.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Worldremit Ltd.
- Date of Incorporation 22 Dec, 2009
- Jurisdiction LONDON, ENGLAND
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.
Apps and channels of WorldRemit
WorldRemit publishes 1 mobile app with over 5M+ downloads; its YouTube channel WorldRemit has 16K subscribers and 30 videos.
Videos from WorldRemit
The most watched videos on WorldRemit's YouTube channel, WorldRemit (16K subscribers). Click a video to play it here.
More on WorldRemit.
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.
- Total Funding $623.96M
- Total Rounds 10
- Last Round Series E — $257.26M
- First Round $2.1M
(Jun 2011)
- Investors Count 11
All 10 funding rounds of WorldRemit 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 |
|---|---|---|---|---|---|
| Aug 2021 | $257.26M | Series E | – | – | – |
| Jun 2019 | $177.9M | Series D | – | TCV, Accel | – |
| Dec 2017 | $40.9M | Series C | – | LeapFrog Investments | |
| Feb 2016 | $45M | Debt – Conventional | – | – | |
| Feb 2015 | $100M | Series B | – | TCV | |
| Mar 2014 | $40.8M | Series A | – | Accel | |
| Oct 2013 | $1.6M | Seed | – | – | |
| Jun 2013 | $2.1M | Seed | – | – | – |
| Jun 2012 | $1.3M | Seed | – | – | – |
| Jun 2011 | $2.1M | Seed | – | – | – |
11 investors in total: 10 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Private equity fund focused on banking, finance, healthcare, and multiple sectors | 2007 | leapfroginvest.com | Johannesburg, South Africa | |
Venture finance services, including debt and equity, are provided to capital-backed companies globally. | triplepointcapital.com | |||
Project A is recognized as an early-stage venture capital firm focused on European startups. | 2012 | project-a.com | Berlin, Germany | |
Venture capital firm focused on blockchain technology sectors | futureperfectventures.com | New York, United States | ||
Educational and entertainment products for children are created and offered. | 1995 | leapfrog.com | Emeryville, United States | |
Comprehensive financial services are provided to corporations and individuals. | 1799 | jpmorgan.com | New York, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
An exhibition focused on Fukushima's nuclear disaster is curated. | lisfields.org |
Investor details for WorldRemit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of WorldRemit
94 people are tracked at WorldRemit (21 in leadership, 10 in board & advisors, 63 in team).
| Name | Role | Group |
|---|---|---|
Sophie Krishnan | COO | Leadership |
Richard Igoe | Co-Founder | Leadership |
Breon Corcoran | CEO | Leadership |
Beatrice Lim (Tsai) | Site Director & Head Of Customer Care - Philippines | Leadership |
Greg Metelerkamp Ca (SA) | Director Of Finance | Leadership |
Bartosz Rapacki | Director, Engineering | Leadership |
Anonymous | Group CTO | Leadership |
Drew Stooksberry | VP Engineering, Data | Leadership |
Michał Wdaniec | Director Of Engineering | Leadership |
Barrie Morris | Group Corporate Development & Strategy Director | Leadership |
Johnny Devitt | Chief Marketing Officer | Leadership |
Vin Yam | VP Engineering, Platform Tech / B2b | Leadership |
Scott Eddington | Managing Director, APAC | Leadership |
Smadar Yaniv (Sam) | Director Of Global Growth : Media And Engagement | Leadership |
Mark Lenhard | Group CEO | Leadership |
Joseph Cobham | Head Of Corporate Development | Leadership |
Jean Marie Lemoine | Vice President Infrastructure | Leadership |
Helen Lourie | Head Of Marketing Analytics | Leadership |
Pawel Kolodziejczyk | Procure To Pay Director | Leadership |
Ruzan Ahamed | Regional Director South Asia | Leadership |
74 more people are available in the full profile.
Complete people profiles for WorldRemit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by WorldRemit
WorldRemit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sendwave.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border money transfers are facilitated through a mobile wallet service. | sendwave.com | Boston, United States | 2011 | Aug 2020 | $500M |
Complete acquisition details for WorldRemit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of WorldRemit
4 dated milestones of WorldRemit across 11 years, from founding to its latest funding, stage changes and deals.
- Founded WorldRemit is founded.
- Funding First funding round of $2.1M.
- Acquisition Acquires Sendwave.
- Funding Latest funding round, Series E, of $257.3M.
Competitors of WorldRemit
WorldRemit has 2 listed competitors in our database, 2 of them funded. They include Taptap Send and LemFi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | Cross-border money transfers are enabled by an app-based digital wallet. | ||
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | Cross-border payments are enabled for sending and receiving money internationally. |
Detailed competitors of WorldRemit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of WorldRemit
The website of WorldRemit (worldremit.com) receives about 807.4K visits a month and ranks #75,862 among all websites worldwide, #4,795 in Financial Planning and Management.
- Monthly visits807.4K
▲ 3.9% vs previous month
- Unique visitors344.6K
per month
- Global rank#75,862
among all websites
- Category rank#4,795
Finance · Financial Planning and Management
- Bounce rate48%
- Pages per visit2.1
- Average visit1 min 02 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with WorldRemit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xoom.com | 100% | 2.4M | #14,213 | View details | |
moneytransfercomparison.com | moneytransfercomparison.com | 92% | #2,815,989 | – | |
| westernunion.com | 88% | 10.6M | #3,540 | View details | |
| moneygram.com | 85% | 3.4M | #13,762 | View details | |
| bill.com | 85% | 4.3M | #7,262 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for WorldRemit
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Worldremit
Complete news archive for WorldRemit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 CEO of WorldRemit, as recorded in our data.
WorldRemit is a funded company, having raised a total of $623.96M across 10 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Jun 2011.
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 Taptap Send and LemFi.
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.
WorldRemit operates through Worldremit Ltd..
Yes. WorldRemit publishes WorldRemit: Money Transfer App, with over 5 million downloads.
The website of WorldRemit receives about 807 thousand visits a month and ranks #75,862 among all websites worldwide.