WorldRemit - About the company
WorldRemit is a series D company based in London (United Kingdom), founded in 2010 by Sophie Krishnan, Catherine Wines and Richard Igoe. It operates as a Digital money transfer service sending funds quickly across borders. WorldRemit has raised $365M in funding from investors like Accel, TCV and LeapFrog, with a current valuation of $*****. The company has 299 active competitors, including 35 funded and 23 that have exited. Its top competitors include companies like PayPal, NALA and WireBarley.
Company Details
Digital money transfer service sending funds quickly across borders. It focuses on providing fast cross-border transfers to friends, family, and businesses, supporting a wide range of currencies and payout methods. Users can send funds via mobile wallets, bank accounts, or cash pickup locations, depending on the recipient’s preferences and the country. It emphasizes speed, transparency, and reliability, with real-time updates and competitive exchange rates to ensure senders know exactly how much their recipients will receive.
- Website
- www.worldremit.com/en
- Social
- Registered Address
- 62 Buckingham Gate, London, SW1E 6AJ
Key Metrics
Founded Year
2010
Location
London, United Kingdom
Stage
Series D
Total Funding
$365M in 9 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 08, 2021
Ranked
3rd among 299 active competitors
Annual Revenue
£100M - £500M as on Dec 31, 2024
Employee Count
361 as on Jun 30, 2026
Investment & Acquisitions
Legal entities associated with WorldRemit
WorldRemit is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WORLDREMIT HOLDING LIMITED CIN: 12279501 , United Kingdom, Active | Oct 23, 2019 | - | 709 (As on Dec 31, 2020) | |
WORLDREMIT FINANCE LIMITED CIN: 12277167 , United Kingdom, Active | Oct 22, 2019 | - | 709 (As on Dec 31, 2020) | |
WORLDREMIT SERVICE COMPANY LIMITED CIN: 11190347 , United Kingdom, Active | Feb 05, 2018 | - | 709 (As on Dec 31, 2020) | |
WorldRemit Ltd CIN: 07110878 , Germany, Active | Dec 21, 2009 | £100M - £500M (As on Dec 31, 2024) | 263 (As on Dec 31, 2020) | |
WORLDREMIT GROUP LIMITED CIN: 12257809 , United Kingdom, Active | - | - |
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WorldRemit's funding and investors
WorldRemit has raised a total funding of $365M over 9 rounds. Its first funding round was on 2011. Its latest funding round was a Series D round on Jun 03, 2019 for $*****. 3 investors participated in its latest round. WorldRemit has 46 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of WorldRemit:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 03, 2019 | 8314989 | Series D | 3884767 | 7149404 | 3021521 | 2795421 |
Dec 07, 2017 | 7723882 | Series C | 8672951 | 1647633 | 8673378 | |
Feb 10, 2016 | 8790925 | Conventional Debt | 9367725 | 1095701 | 7364958 |
Access funding benchmarks and valuations. Sign up today!View details of WorldRemit's funding rounds and investors
WorldRemit's founders and board of directors
Founder? Claim ProfileHere are the details of WorldRemit's key team members:
- Sophie Krishnan: COO of WorldRemit. They serve on the boards of 2 companies.
- Catherine Wines: Co-Founder of WorldRemit and founder of 1 other company. They serve on the boards of 2 companies.
- Richard Igoe: Co-Founder of WorldRemit and founder of 1 other company. They serve on the board of 1 company.
WorldRemit's Board of Directors
WorldRemit's board has 2 active members. Sophie Krishnan and Andras Viktor Mecser are part of team.Here is the list of WorldRemit's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 10m | |
zypdq{l | Team | - | Past | 6y 8m |
szrmk{{ | Team | - | Past | 5y 6m |
wcp{jff | Team | - | Past | 4y 7m |
yaxxnng | Team | - | Current | 3y 2m |
vgjedss | Independent board member | - | Past | 7y 8m |
oszzoku | Independent board member | - | Past | 7y 8m |
zcdqmva | Independent board member | - | Past | 9y 5m |
ueaqvsp | Independent board member | - | Past | 1y 9m |
dyjwabl | Independent board member | - | Past | 4y 8m |
ez{odgt | Independent board member | - | Past | 2y 6m |
hbqtg{i | Independent board member | - | Past | 2y 3m |
View details of WorldRemit's Founder profiles and Board Members
WorldRemit's employee count trend
WorldRemit has 361 employees as of Jun 26. Here is WorldRemit's employee count trend over the years:
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WorldRemit's Competitors and alternates
Top competitors of WorldRemit include PayPal, NALA and WireBarley. Here is the list of Top 10 competitors of WorldRemit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  PayPal 1998, United States, Public | Provider of online payment solutions, money transfers, and virtual wallets | $216M | 87/100 | |
2nd | Online cross-border remittance platform for individuals | $50.2M | 73/100 | ||
3rd | WorldRemit 2010, London (United Kingdom), Series D | Digital money transfer service sending funds quickly across borders | $365M | 72/100 | |
4th | WireBarley 2016, Seoul (South Korea), Series B | Online platform for cross-border money transfer | $16M | 70/100 | |
5th | BookMyForex 2011, Gurugram (India), Acquired | Online Money Exchange and Remittances | $5.59M | 69/100 | |
6th | Moin 2016, Seoul (South Korea), Series A | Blockchain-based remittance service. | $2.42M | 67/100 | |
7th | Cross-border money transfer platform | $16.2M | 66/100 | ||
8th | International money transfer service provider. | - | 66/100 | ||
9th | Viamericas 1999, Bethesda (United States), Series B | Remittance service in Latin America. | $18.6M | 63/100 | |
10th | Pangea Money Transfer 2012, Chicago (United States), Acquired | Fast, secure, and affordable international money transfers you can trust | $20.4M | 63/100 |
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WorldRemit's Investments and acquisitions
WorldRemit has a total of 1 investment in Mambu. WorldRemit has not made any acquisitions as of now.Reports related to WorldRemit
Here is the latest report on WorldRemit's geography:
News related to WorldRemit
Filter this listMedia has covered WorldRemit for 1 event in last 1 year, It was about company updates.
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•
Zepz raises USD 267 million to expand in African marketsThe Paypers•Oct 07, 2024•Accel, LeapFrog, TCV, IFC and 5 others
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Zepz (Formely WorldRemit) Raises $267 Million To Expand Across AfricaTech Labari•Oct 03, 2024•WorldRemit, Accel, LeapFrog, Coller Capital and 4 others
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Relex Draws $200M InvestmentWinsight Grocery Business•Sep 10, 2024•RELEX, Airbnb, Facebook, Netflix and 4 others
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WorldRemit to Acquire Sendwave in $500 Million Payments DealBNN Bloomberg•Mar 09, 2024•WorldRemit, Sendwave
•
Tradeshift Appoints Iain Balchin as Chief Financial OfficerGlobeNewswire•Feb 14, 2024•Tradeshift, WorldRemit
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Fintech company IG Group Holdings appoints Breon Corcoran as new CEOBusiness News Today•Dec 09, 2023•IG Group, WorldRemit, Betfair Group
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WorldRemit adds Naira currency as option for transfers to NigeriaThe Paypers•Jul 17, 2023•WorldRemit
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WorldRemit reaches $2bn milestone in sent remittances from AustraliaPR Newswire•Mar 30, 2023•WorldRemit, Zepz
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