Remitly Competitors and Similar CompaniesClear all
Xoom's competitors and similar companies include Wise and WorldRemit.
 Xoom Xoom is a digital money transfer provider that allows users to send money, pay international bills, or reload phones. |  Wise Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions. |  WorldRemit WorldRemit is a company that develops an online service that lets customers send money to their friends and family living abroad, using a computer, smartphone or tablet. | |
Founding Date | Founding Date 2001 | Founding Date 2011 | Founding Date 2010 |
Type | Type Subsidiary | Type Public | Type Private |
Tags | |||
Locations | Locations San Francisco, US HQ | Locations London, GB HQ Melbourne, AU Sydney, AU Sydney, AU Brussels, BE Brussels, BE São Paulo, BR see more | |
Employees | Employees 230 | Employees 6,000 | Employees 4202% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) 96.2 m | Valuation ($) 900 m |
Financial | |||
Revenue (est.) | Revenue (est.) $159.1m (FY, 2014) | Revenue (est.) £1.2b (FY, 2025) | Revenue (est.) £85.8m (FY, 2018) |
Cost of goods | Cost of goods $45.4m (FY, 2014) | Cost of goods £263.1m (FY, 2025) | Cost of goods £35.7m (FY, 2018) |
Gross profit | Gross profit $113.7m (FY, 2014) | Gross profit £955.9m (FY, 2025) | Gross profit £50.1m (FY, 2018) |
Net income | Net income ($26.3m) (FY, 2014) | Net income £416.7m (FY, 2025) | Net income (£44.8m) (FY, 2018) |
Operating ⚠ | |||
Active Customers | Active Customers 1.5 m (Q3, 2015) | Active Customers 650 k (FY, 2023) | Active Customers N/A |
Countries | Countries 130 (May, 2019) | Countries 170 (FY, 2023) | Countries 148 (Jun, 2018) |
Transactions | Transactions 4.3 m (Q3, 2015) | Transactions N/A | Transactions 5.4 m (FY, 2016) |
Funding | |||
Total funding raised | Total funding raised $ 116.5m | Total funding raised $ 1b | Total funding raised $ 407.7m |
For sources of this data, please see the company profile
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Wise
HQ
London, GB
Employees
6,000
Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions.
View companyWorldRemit
HQ
London, GB
Employees
420↓ 2% decrease
WorldRemit is a company that develops an online service that lets customers send money to their friends and family living abroad, using a computer, smartphone or tablet.
View company