About Digital Remittance sector in Euro
The Digital Remittance sector in Euro comprises 1.03K companies, including 206 funded companies having collectively raised $6.08B in venture capital money and private equity. Out of these, 83 are Series A+ funded, and 5 have achieved unicorn status.
Digital Remittance sector in Euro has seen 37 acquisitions and 11 IPOs. This represents almost 4.7% of all such companies - which is higher than the 4.3% exit rate of tech companies in general.
This sector includes companies providing cross-border money transfer solutions & services to consumers and enterprises.
Digital Remittance sector is also known as Digital Remittance Tech, Global Payments Tech or International Payments Tech.
Companies which provide platforms to send and receive money, recharge and pay bills across borders and B2B payments. It covers companies which enable cross border money transfer institutions (White label, Network). Also covers B2C Forex data platforms are included in this sector. Cross border payment gateways are excluded.
Top Digital Remittance Companies in Euro
There are 1,031 Digital Remittance startups in Euro which include Wise, Ebury, Rapyd, Currencycloud, LemFi. Out of these, 206 startups are funded, with 83 having secured Series A+ funding, and 5 achieving unicorn status.
2026 has seen the creation of 8 Digital Remittance startups in Euro. Over the past 10 years, an average of 54 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Oxford, HEC Paris and London Business School (LBS).
Here is the list of top Digital Remittance startups in Euro
1. Wise
Provider of international money transfer and multi-currency. It offers secure, transparent, and cost-efficient cross-border payment solutions. It provides personal accounts, business accounts, multi-currency cards, and platform APIs that enable individuals, companies, and financial institutions to send, receive, hold, and convert money globally.
Key facts about Wise
- Founded Year: 2011
- Location: Shoreditch (United Kingdom)
- Stage: Public
- Total Funding till date: $397M
- Investors: Valar Ventures, Merian Global Investors and 103 Others
- Latest Funding Round: Venture Debt, May 19, 2021, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 1,200 Competitors
2. Ebury
Provider of global payment solutions, currency risk management, and business lending. It offers a platform to pay, collect, and convert currencies. The company provides tools for managing currency fluctuations and optimising profit margins. It also facilitates access to credit lines for funding purchases and scaling operations.
Key facts about Ebury
- Founded Year: 2009
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $374M
- Investors: Vitruvian Partners, 83NORTH and 17 Others
- Latest Funding Round: Series C, Dec 28, 2023, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 5 of 338 Competitors
3. Rapyd
Provider of financial infrastructure for processing payments and issuing cards. This platform enables businesses to accept various payment methods, manage multi-currency accounts, and facilitate cross-border fund transfers. It provides tools for virtual account management, payout distribution, and card issuance. The infrastructure integrates into existing applications to support commerce and financial operations.
Key facts about Rapyd
- Founded Year: 2016
- Location: London (United Kingdom)
- Stage: Series F
- Total Funding till date: $1.01B
- Investors: Tal Capital, Durable Capital Partners and 34 Others
- Latest Funding Round: Series F, Mar 13, 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 15 of 7,983 Competitors
Provider of cross-border payment solutions and multi-currency payment infrastructure. The platform offers tools to collect, convert, pay, and manage international transactions. It provides application programming interface integration, direct platform access, and white-label platform options. The company delivers virtual wallets, named accounts, and global payment capabilities.
Key facts about Currencycloud
- Founded Year: 2007
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $196M
- Investors: Sapphire Ventures, Notion and 43 Others
- Latest Funding Round: Series E, Jan 27, 2020, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 3 of 100 Competitors
5. LemFi
Provider of global money transfer and multi-currency wallet services. It offers digital wallets that allow users to hold, convert, and send funds globally across supported regions. It enables fast and cost-efficient remittances to multiple countries, supporting transfers to bank accounts and other payout methods while offering competitive exchange rates and low or zero transfer fees. It also provides additional financial features such as virtual cards, mobile-based money management, and optional connectivity services like eSIM access for global travelers.
Key facts about LemFi
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $86.9M
- Investors: Highland Europe, Global Founders Capital and 12 Others
- Latest Funding Round: Series B, May 18, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 586 Competitors
Companies founded year-on-year in the Digital Remittance sector in Euro
8 new startups have been founded so far in 2026 in the Digital Remittance sector in Euro. 90 Digital Remittance startups in Euro were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 8 |
2025 | 8 |
2024 | 17 |
2023 | 69 |
2022 | 54 |
2021 | 74 |
2020 | 84 |
2019 | 90 |
2018 | 70 |
2017 | 71 |
Stage-wise distribution of Digital Remittance sector companies in Euro
Out of the total 1,031 Digital Remittance companies in Euro, 206 have secured funding. Among them, 83 have reached Series A or higher, and 68 to Series B or beyond.
Founded - 1,031
Funded - 206
Series A+ - 83
Series B+ - 68
Series C+ - 54
Company Stage | No. of companies |
|---|---|
Founded | 1,031 |
Funded | 206 |
Series A+ | 83 |
Series B+ | 68 |
Series C+ | 54 |
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Funding Trends in the Digital Remittance sector in Euro
Total funding year-on-year in the Digital Remittance sector in Euro
The Digital Remittance sector in Euro saw a total funding of more than $5.42B in the last 10 years. The most amount of funding was in 2021 at more than $1.63B. There has been a total funding of $135M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $135M |
2025 | $872M |
2024 | $536M |
2023 | $244M |
2022 | $479M |
2021 | $1.63B |
2020 | $245M |
2019 | $551M |
2018 | $350M |
2017 | $378M |
Recent Funding Rounds in Digital Remittance in Euro
In the year 2026, till May 2026, Digital Remittance companies in Euro have raised $35M in equity funding across 5 rounds.
In the same period last year (i.e. till April 2025), Digital Remittance companies in Euro had raised $323M across 8 rounds.
So, 2026 has seen a 89.15% drop in funding in Digital Remittance companies in Euro as compared to 2025.
Here are some recent, important funding rounds in Digital Remittance companies in Euro:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 4559 | May 18, 2026 | ||
Series B | 4678 | Apr 02, 2026 | ||
Seed | 4297 | Mar 04, 2026 | ||
Seed | 5851 | Feb 11, 2026 | ||
Seed | 7445 | Jan 21, 2026 | - |
Top Investors in Digital Remittance in Euro
Accel is the top investor in Digital Remittance companies in Euro based on number of companies invested.
Here are some top investors in Digital Remittance companies in Euro:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Cambridge (United States) | ||
Sunnyvale (United States) | PaySend and AZA Finance | |
London (United Kingdom) | Currencycloud and Azimo | |
Menlo Park (United States) | WorldRemit and Zepz |
M&A activity in Digital Remittance sector in Euro
In the year 2025, till November 2025, 3 acquisitions happened in Digital Remittance sector in Euro. Last year, in 2024, a total of 3 acquisitions happened in Digital Remittance sector in Euro.
Here are some recent, important acquisitions in Digital Remittance sector in Euro:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 05, 2025 | ||
Business Acquisition | Jun 12, 2025 | ||
Business Acquisition | Jan 15, 2025 | ||
Business Acquisition | Nov 29, 2024 | ||
Business Acquisition | Sep 2024 |
Acquisition trends in Digital Remittance sector in Euro
Here are the acquisition trends in Digital Remittance sector in Euro:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 3 |
2023 | - |
2022 | 8 |
2021 | 4 |
2020 | 3 |
2019 | 7 |
2018 | 2 |
2017 | - |
IPOs in Digital Remittance in Euro
In the year 2023, till September 2023, 3 IPOs happened in Digital Remittance sector in Euro.
Here are some recent, important IPOs in Digital Remittance sector in Euro:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 15, 2023 | OTC Markets (OTCMKTS) | |
Jul 14, 2023 | Frankfurt Stock Exchange (FRA) | |
Jul 07, 2023 | London Stock Exchange (LSE) | |
Jul 09, 2021 | OTC Markets (OTCMKTS) | |
Apr 06, 2021 | London Stock Exchange (LSE) |
Colleges which produce the most Digital Remittance companies in Euro
Companies founded by alumni from top colleges in the Digital Remittance in Euro
Most number of Digital Remittance startups in Euro have been founded by alumni from University of Oxford, HEC Paris and London Business School (LBS).
College | No. of companies |
|---|---|
University of Oxford | 5 |
HEC Paris | 4 |
London Business School (LBS) | 3 |
Stanford University | 3 |
Harvard University | 2 |
Imperial College London | 2 |
King’s College London | 2 |
London School of Economics and Political Science | 2 |
University College London | 2 |
University of Cambridge | 2 |
Total funding in Digital Remittance companies founded by alumni from top colleges in Euro
In the last 10 years, University of Warwick graduates' Digital Remittance companies in Euro have raised the most funding among top colleges. Harvard University alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
University of Warwick | $208M |
Harvard University | $98.4M |
Stanford University | $95.5M |
INSEAD | $91M |
University of Bristol | $91M |
University of Cambridge | $91M |
Columbia University | $56.8M |
HEC Paris | $55.4M |
MIT Sloan School of Management | $38.9M |
Massachusetts Institute of Technology | $38.9M |
Top News in Digital Remittance in Euro
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TerraPay and HDBank Partner to Enable Outbound Payments from VietnamElectronic Payments International•Jul 30, 2026•TerraPay, HDBank, Standard Chartered, Asian Development Bank
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Ebury Celebrates Inaugural Values Day Highlighting ESG Progress and Future AmbitionsAustralian FinTech•Jul 22, 2026•Ebury
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TransferMate Partners with BVNK for Real-Time Stablecoin Settlements in Global PaymentsFintech Finance•Jun 02, 2026•BVNK, TransferMate
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Equals Money | Railsr becomes Equals as it surpasses £58bn in annual transaction volumeEquals Money•Jun 01, 2026•Equals Money, Railsr
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