WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, mobile money or mobile airtime top-up.

Company Growth (employees)
Type
Private
HQ
London, GB
Size (employees)
290 (est)+3%
WorldRemit is headquartered in London, GB

Key People at WorldRemit

Ismail Ahmed

Ismail Ahmed

CEO & Founder
Ian Cole

Ian Cole

CFO
Gabriella Poczo

Gabriella Poczo

CTO
Catherine Wines

Catherine Wines

COO
Jon Addis

Jon Addis

Non-Executive Director
Lee Towle

Lee Towle

Country Director Australia
Richard Meseko

Richard Meseko

Country Director Canada
Layla Kidwai

Layla Kidwai

Head of Talent

WorldRemit Office Locations

WorldRemit has offices in London, Longueuil, Belconnen, Greenwood Village and in 7 other locations
London, GB (HQ)
Kensington Centre, 66 Hammersmith Road
Greenwood Village, US
6312 South Fiddlers Green Circle, Suite 300E
Belconnen, AU
Level 1, 7 Beissel Street
Longueuil, CA
1079, Chemin De Chambly, Suite 207
Show all (11)

WorldRemit Data and Metrics

Summary Metrics

Total Funding

$187.7 m

Latest funding size

$100 m

Time since last funding

over 2 years

Investors

WorldRemit's latest funding round in February 2015 was reported to be $100 m. In total, WorldRemit has raised $187.7 m. WorldRemit's latest valuation is reported to be $500 m.

WorldRemit Financial Metrics

WorldRemit's revenue was reported to be £26.8 m in FY, 2015 which is a 77% increase from the previous period.
GBP

Revenue (FY, 2015)

26.8 m

Revenue growth (FY, 2014 - FY, 2015), %

77%

Gross profit (FY, 2015)

15.3 m

Gross profit margin (FY, 2015), %

57%

Net income (FY, 2015)

(18.2 m)

Market valuation

500 m

Cash (31-Dec-2015)

16.1 m
GBPFY, 2013FY, 2014FY, 2015

Revenue

5.5 m15.2 m26.8 m

Revenue growth, %

174%77%

Cost of goods sold

2.5 m7 m11.5 m

Gross profit

3 m8.2 m15.3 m
GBPFY, 2013FY, 2014FY, 2015

Cash

1.7 m7.9 m16.1 m

Accounts Receivable

974.8 k2.6 m

Current Assets

4 m17.7 m37.8 m

PP&E

366.4 k214.2 k2.4 m
GBPFY, 2014FY, 2015

Cash From Operating Activities

(14.4 m)(25.4 m)

Cash From Financing Activities

22.3 m40.6 m

Income Taxes Paid

(3 k)1.3 m
GBPY, 2015

Revenue/Employee

194.4 k

Financial Leverage

1.4 x
Show all financial metrics

WorldRemit Job Categories

Traffic Overview of WorldRemit

WorldRemit Online and Social Media Presence

WorldRemit News and Updates

WorldRemit now lets you transfer money abroad using Android Pay

Global money transfer service WorldRemit has announced that it now supports Android Pay, which means users can send money to loved ones abroad using Google’s mobile payment system. The announcement today at MoneyConf 2017 in Spain makes the U.K.-based fintech startup one of the first cross-border re…

Android Pay now used for international P2P transfers, courtesy of WorldRemit

 AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money accounts globally, which lets residents in one country transfer money to family and friends…

WorldRemit’s Ismail Ahmed and MasterCard’s Ann Cairns to talk about the future of payments at Disrupt London

 What happens when you pair a global payment company like MasterCard with a rising online money transfer service like WorldRemit? Conventional wisdom has it that fintech startups are going to eat financial company’s lunch in no time. And yet, existing financial companies have been surprisingly resil…

Former William Hill exec joins London startup WorldRemit

The former managing director of William Hill Online has joined money transfer service and London-based startup WorldRemit. Andrew Lee spent four years at William Hill, during which time he led the firm's online growth. Before joining the gambling group, he worked at Jefferies International, Bank …

WorldRemit Company Life and Culture

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