WorldRemit

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 unreasonable fees.

Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up.

WorldRemit’s service is available to senders in 50 countries. We offer transfers to more than 110 destinations across Europe, Asia, Africa, Australia and the Americas.

Type
Private
HQ
London, GB
Employees
228 (est)+5%
WorldRemit has headquartered in London, GB

Key People at WorldRemit

Ismail Ahmed

Ismail Ahmed

CEO & Founder
Catherine Wines

Catherine Wines

COO
Lee Towle

Lee Towle

Country Director Australia
Jon Addis

Jon Addis

Non-Executive Director
Richard Meseko

Richard Meseko

Country Director Canada
Layla Kidwai

Layla Kidwai

Head of Talent
Gabriella Poczo

Gabriella Poczo

CTO
Ian Cole

Ian Cole

CFO

WorldRemit Locations

London, GB
Longueuil, CA
Belconnen, AU
Greenwood Village, US
Denver, US
Montreal, CA
Miami, US
Toronto, CA
Sydney, AU
Auckland, NZ

WorldRemit Metrics

WorldRemit Summary

Total Funding

$148 M

Latest funding size

$100 M

Time since last funding

almost 2 years

Investors

WorldRemit's latest funding round of $100 M was in February 2015. In total, WorldRemit has raised $148 M.

WorldRemit Financials

WorldRemit's revenue was £26.8 M in FY, 2015 which is 76.91% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

£5.53 M£15.2 M£26.8 M

Revenue growth, %

174.1%76.9%

Cost of sales

£2.53 M£6.99 M£11.5 M

Gross profit

£3 M£8.16 M£15.3 M

Gross profit Margin, %

54.3%53.9%57.0%

Operating expense total

£4.89 M£18.2 M£34.5 M

WorldRemit Online Presence

WorldRemit News

WorldRemit Company Life

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