When was LeRemitt founded?

LeRemitt was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is LeRemitt located?

LeRemitt is headquartered in Bengaluru, India. It is registered at Suite No. 8th A Atma Ram House, Tolstoy Marg, Connaught Place ,New Delhi, Connaught Place, Central Delhi, New Delhi, Delhi, India, 110001.

Which legal entities is LeRemitt associated with?

LeRemitt is associated with 6POINT3 TECHNOLOGIES PRIVATE LIMITED.

How many employees does LeRemitt have?

As of May 31, 2025, the latest employee count at LeRemitt is 20.

Is LeRemitt a funded company?

LeRemitt is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 10, 2023.

How much is LeRemitt worth?

The latest valuation of LeRemitt is ₹***** as of Jul 10, 2023.

When was the latest funding round of LeRemitt?

LeRemitt's latest funding was a $***** Seed round on Jul 10, 2023, with participation from 4 investors.

What is the annual revenue of LeRemitt?

Annual revenue of LeRemitt is ₹37.2L as on Mar 31, 2025.

Where does LeRemitt rank among its competitors?

LeRemitt ranks 40th amongst 89 active competitors, of which 27 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was XFlow, which secured $16.6M in Feb, 2026.

Who are the top competitors of LeRemitt?

LeRemitt's top competitors include Remitly, Wise and MoneyGram. Among them, XFlow secured the most recent funding round in February, 2026.

LeRemitt - 2026 Company Profile, Team, Funding, Competitors & Financials

LeRemitt is a seed company based in Bengaluru (India), founded in 2022 by Mahesh Kumar Barate, Hari P Ambati and Sheetal Jain. It operates as a Provider of AI-powered solutions for cross-border trade. LeRemitt has raised $1.25M in funding from Axilor Ventures and Capital-A, with a current valuation of ₹*****. The company has 89 active competitors, including 27 funded and 11 that have exited. Its top competitors include companies like Remitly, Wise and MoneyGram.

Company Details

Provider of AI-powered solutions for cross-border trade. This company offers a suite of products encompassing international payment processing, trade document management, and financial solutions. The platform streamlines transactions, automates compliance checks, and facilitates secure financing options for businesses engaged in global commerce. Its services aim to reduce manual processes, minimize errors, and improve efficiency for exporters and importers. The platform integrates various functionalities to create a unified system for managing all aspects of international trade.

Website: leremitt.com
Social
Email ID: *****@leremitt.com
Phone Number: +91 **********
Registered Address: Suite No. 8th A Atma Ram House, Tolstoy Marg, Connaught Place ,New Delhi, Connaught Place, Central Delhi, New Delhi, Delhi, India, 110001

Key Metrics

Founded Year

2022

Location

Bengaluru, India

Stage

Seed

Total Funding

$1.25M in 1 round

Latest Funding Round

Seed, Jul 10, 2023, $*****

Post Money Valuation

₹***** as on Jul 10, 2023

Investors

Axilor Ventures & 3 more

Ranked

40^th among 89 active competitors

Annual Revenue

₹37.2L as on Mar 31, 2025

Employee Count

20 as on May 31, 2025

Similar Companies

Ebury & 424 more

View LeRemitt's full profile

LeRemitt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
6POINT3 TECHNOLOGIES PRIVATE LIMITED CIN: U72900DL2022PTC392582 , India, Active	Jan 18, 2022	$44K (As on Mar 31, 2025)	17 (As on Aug 01, 2025)

LeRemitt has raised a total funding of $1.25M over 1 round. Its latest funding round was a Seed round on Jul 10, 2023 for $*****. 4 investors participated in its latest round. LeRemitt has 2 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of LeRemitt:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 10, 2023	5589286	Seed	4676164	6218795	3153119	9440561

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View details of LeRemitt's funding rounds and investors

The founders of LeRemitt are Mahesh Kumar Barate, Hari P Ambati and Sheetal Jain.

Here are the details of LeRemitt's key team members:

Mahesh Kumar Barate: Former Co-Founder of LeRemitt. They serve on the board of 1 company.
Contact Info: 1 email address
Hari P Ambati: Co-Founder & CTO of LeRemitt. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Sheetal Jain: Co-Founder of LeRemitt. They serve on the board of 1 company.

LeRemitt's Board of Directors

LeRemitt's board has 1 active member. Sheetal Jain is part of team.

Here is the list of LeRemitt's board of directors:

Name	Type	Representing	Status	Duration
Sheetal Jain	Team	-	Current	4y 3m
Hari P Ambati	Team	-	Current	2y 8m
Sheetal Jain	Team	-	Current	4y 3m
ecqzlkr	Team	-	Past	5y 7m

View details of LeRemitt's Founder profiles and Board Members

LeRemitt's employee count trend

LeRemitt has 20 employees as of May 25. The total employee count is 9.0% lower than what it was in May 24. Here is LeRemitt's employee count trend over the years:

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Top competitors of LeRemitt include Remitly, Wise and MoneyGram. Here is the list of Top 10 competitors of LeRemitt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 38 others	84/100
2nd	Wise 2011, Shoreditch (United Kingdom), Public	Provider of multi-currency accounts, international money transfers, and card services	$1.03B	Lone Pine Capital, Valar Ventures & 116 others	83/100
3rd	MoneyGram 1940, Dallas (United States), Acquired	Provider of global money transfer and payment services for individuals	-	Goldman Sachs, Stellar & 3 others	75/100
4th	Skydo 2022, Bengaluru (India), Series A	Digital platform enabling businesses to receive payments from overseas businesses	$20M	Elevation Capital, SIG Venture Capital & 5 others	68/100
5th	XFlow 2021, Bengaluru (India), Series A	Provider of cross-border payment solutions for businesses, platforms, and freelancers	$32.8M	General Catalyst, Lightspeed & 10 others	67/100
6th	Western Union 1851, Denver (United States), Public	Provider of international money transfer and currency exchange services	-	Fidelity Investments	67/100
7th	Karbon 2019, Bengaluru (India), Series A	Provider of international payment and corporate expense management solutions	$30.2M	Avenir Growth Capital, Orios Venture Partners ... & 42 others	65/100
8th	Mintifi 2017, Mumbai (India), Series E	Provider of supply chain financing solutions for small and medium enterprises	$270M	IFC, Ontario Teachers' Pension Plan & 8 others	65/100
9th	PingPong 2015, New York City (United States), Series C	Online platform providing cross-border business payment solutions	$124M	Eight Roads Ventures, CBC Capital & 11 others	64/100
10th	Receivables Exchange of India 2016, Mumbai (India), Seed	TReDS exchange for financing of trade receivables of MSMEs through multiple financiers	-	Yes Bank, SBI & 2 others	61/100
40th	LeRemitt 2022, Bengaluru (India), Seed	Provider of AI-powered solutions for cross-border trade	$1.25M	Axilor Ventures, Capital-A & 2 others	35/100

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Founders (largest shareholder) own 65.00%, Funds own 19.60%, Angels own 0.40% and ESOP Pool own 15.00%. The net worth of LeRemitt's founders is INR 32.5Cr as of Jul 10, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	65.00%	32.5Cr	4407185	2645686	2895360	3066125
Mahesh Kumar Barate	1864590	2740528	8536379	3303081	8738538	2169163
Sheetal Jain	8609330	3601299	1078837	5080352	1043379	3734044
Hari P Ambati	49	60	15	47	72	75
Fund	19.60%	9.8Cr	1291493	9627341	1285661	2081070
Axilor Ventures	8400094	6628514	5665234	1193598	3943097	3844906
Capital-A	8323602	1699557	5175193	3551440	4391360	9674047
Angel	0.40%	19.7L	0	0	0	0
ESOP Pool	15.00%	7.5Cr	9446621	2138816	2173239	7505028
Total	100.00%	50Cr	1516897	4439198	7059122	5576565