Company Growth (employees)
WorldRemit is headquartered in London, GB
Key People at WorldRemit
Ismail Ahmed
CEO & Founder
Ian Cole
CFO
Gabriella Poczo
CTO
Catherine Wines
COO
Jon Addis
Non-Executive Director
Lee Towle
Country Director Australia
Richard Meseko
Country Director Canada
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
WorldRemit Data and Metrics
Summary Metrics
Total Funding | $187.7 m |
Latest funding size | $100 m |
Time since last funding | over 2 years |
Investors | Project A Ventures, Accel Partners, Technology Crossover Ventures |
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 |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Revenue | 5.5 m | 15.2 m | 26.8 m |
Revenue growth, % | 174% | 77% | |
Cost of goods sold | 2.5 m | 7 m | 11.5 m |
Gross profit | 3 m | 8.2 m | 15.3 m |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Cash | 1.7 m | 7.9 m | 16.1 m |
Accounts Receivable | 974.8 k | 2.6 m | |
Current Assets | 4 m | 17.7 m | 37.8 m |
PP&E | 366.4 k | 214.2 k | 2.4 m |
| GBP | FY, 2014 | FY, 2015 |
|---|---|---|
Cash From Operating Activities | (14.4 m) | (25.4 m) |
Cash From Financing Activities | 22.3 m | 40.6 m |
Income Taxes Paid | (3 k) | 1.3 m |
| GBP | Y, 2015 |
|---|---|
Revenue/Employee | 194.4 k |
Financial Leverage | 1.4 x |
WorldRemit Job Categories
Market Position of WorldRemit
Traffic Overview of WorldRemit
WorldRemit Online and Social Media Presence
WorldRemit News and Updates
June 13, 2017
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…
June 13, 2017
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…
November 14, 2016
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…
July 26, 2016
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 …