| Type | Private |
| HQ | Greater London, GB |
| Founded | 2010 |
| Size (employees) | 422 (est)+2% |
| Website | worldremit.com |
WorldRemit was founded in 2010 and is headquartered in Greater London, GB
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Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at WorldRemit
Ismail Ahmed
Founder & Chief Executive Officer
Ian Cole
Group Chief Financial Officer
Russ Thornton
Chief Technology Officer
Alex OShaughnessy
Chief Marketing Officer
Tamer El-Emary
Chief Commercial Officer
Brion Nazzaro
Group Compliance Director and Chief Compliance Officer USA
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WorldRemit Office Locations
WorldRemit has an office in Greater London
Greater London, GB (HQ)
62 Buckingham Gate
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WorldRemit Financials and Metrics
Summary Metrics
Founding Date | 2010 |
WorldRemit total Funding | $232.7 m |
WorldRemit latest funding size | $40 m |
Time since last funding | a year ago |
WorldRemit investors | BDC Capital Corporation, TCV, TriplePoint Venture Growth, Project A Ventures, Silicon Valley Bank, Accel Partners |
WorldRemit's latest funding round in December 2017 was reported to be $40 m. In total, WorldRemit has raised $232.7 m. WorldRemit's latest valuation is reported to be £500 m.
WorldRemit Revenue
WorldRemit's revenue was reported to be £60.51 m in FY, 2017
| GBP | |
|---|---|
Revenue (FY, 2017) | 60.5m |
Gross profit (FY, 2017) | 35.5m |
Gross profit margin (FY, 2017), % | 58.7% |
Net income (FY, 2017) | (19.5m) |
EBIT (FY, 2017) | (16.2m) |
Market valuation | 500.0m |
Cash (31-Dec-2017) | 58.0m |
- Source: Businessinsider, Techcrunch
| GBP | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|
Revenue | 86.4k | 1.2m | 5.5m | 15.2m | 26.8m | 41.1m | 60.5m |
Revenue growth, % | 174% | 77% | 53% | ||||
Cost of goods sold | 30.0k | 632.0k | 2.5m | 7.0m | 11.5m | 16.8m | 25.0m |
Gross profit | 56.4k | 584.8k | 3.0m | 8.2m | 15.3m | 24.3m | 35.5m |
- Source: Businessinsider
| GBP | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|
Cash | 172.6k | 256.7k | 440.1k | 1.7m | 7.9m | 16.1m | 28.7m | 58.0m |
Accounts Receivable | 20.2k | 313.0 | 974.8k | 2.6m | ||||
Current Assets | 192.8k | 942.6k | 1.3m | 4.0m | 17.7m | 37.3m | 47.6m | 82.9m |
PP&E | 4.4k | 11.9k | 23.5k | 366.4k | 214.2k | 2.4m | 2.2m | 2.2m |
| GBP | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|
Net Income | (612.1k) | (747.7k) | (2.0m) | (10.2m) | (18.2m) | (15.2m) | (19.5m) |
Cash From Operating Activities | (14.4m) | (25.2m) | 5.7m | 11.2m | |||
Cash From Financing Activities | 22.3m | 40.6m | 10.5m | 25.7m | |||
Net Change in Cash | 2.0m | 8.2m | 12.0m | 29.5m |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 217.3k |
Financial Leverage | 3.4 x |
WorldRemit Operating Metrics
WorldRemit's Users was reported to be 2 m in Dec, 2017.
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WorldRemit Online and Social Media Presence
15.85k Twitter followers
WorldRemit has 15.85k Twitter Followers. The number of followers has increased 0.7% month over month and increased 3.2% quarter over quarter
886.11k Facebook likes
WorldRemit has 886.11k Facebook Likes. The number of likes has increased 0.1% month over month and increased 0.2% quarter over quarter
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WorldRemit News and Updates
October 22, 2018
Online Money Transfer Startup WorldRemit Appoints Former Gambling Boss as New CEO
Ambitious online money transfer company hires Paddy Power Betfair’s Breon Corcoran as new boss UK fintech company WorldRemit today confirmed the appointment of former Paddy Power Betfair CEO Breon Corcoran as its new Chief Executive after weekend reports that he would become the new boss of the rapi…
October 22, 2018
WorldRemit appoints Breon Corcoran as new CEO
Digital money transfer company, WorldRemit, has appointed the former CEO of the FTSE 100 company Pad...
September 18, 2018
WorldRemit links up to WhatsApp for its remittance service
Leading digital money transfer company WorldRemit has added WhatsApp notifications to its service.
September 04, 2018
WorldRemit launches inter-African money transfer service
Leading international money transfer company WorldRemit has launched a new digital service within Af...
September 03, 2018
WorldRemit launches digital money transfers within Africa
Leading international money transfer company WorldRemit has launched a new digital service within Af...
April 10, 2018
Lebara hooks up with WorldRemit in money transfer pact
LONDON (Reuters) - WorldRemit will be the exclusive money transfer partner for international call provider Lebara under a deal announced on Tuesday by the London-based brands, which are popular among immigrants to Europe.
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WorldRemit Company Life and Culture
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WorldRemit Frequently Asked Questions
When was WorldRemit founded?
WorldRemit was founded in 2010.
Who are WorldRemit key executives?
WorldRemit's key executives are Ismail Ahmed, Ian Cole and Russ Thornton.
How many employees does WorldRemit have?
WorldRemit has 422 employees.
What is WorldRemit revenue?
Latest WorldRemit annual revenue is £60.5 m.
What is WorldRemit revenue per employee?
Latest WorldRemit revenue per employee is £143.4 k.
Who are WorldRemit competitors?
Competitors of WorldRemit include Transferwise, Revolut and Lombard Bank Malta.
Where is WorldRemit headquarters?
WorldRemit headquarters is located at 62 Buckingham Gate, Greater London.
Where are WorldRemit offices?
WorldRemit has an office in Greater London.
How many offices does WorldRemit have?
WorldRemit has 1 office.