Craft

WorldRemit

Market Valuation

$900 M

2019-06-03

Total Funding

$407.7 M

Revenue

£85.8 M

FY, 2018

WorldRemit Summary

Company Summary

Overview
WorldRemit is a company that develops an online service that lets customers send money. Its platform allows users to transfer money to their friends and family living abroad, using a computer, smartphone or tablet. Money can be received as a bank deposit, cash pick-up, mobile money or mobile airtime top-up.
Type
Private
Status
Active
Founded
2010
HQ
London, GB | view all locations
Website
http://www.worldremit.com
Cybersecurity rating
Sectors

Key People

  • Ismail Ahmed
  • Jonathan Addis

    Jonathan Addis, Independent Non-Executive Director

  • Breon Corcoran

    Breon Corcoran, Chief Executive Officer

  • Paul Vogel

    Paul Vogel, Non-Executive Director , Head of Audit Committee

    Operating MetricsView all

    Transactions

    5.4M
    54.3%

    FY, 2016

    Users

    2M

    Dec, 2017

    Countries

    148

    Jun, 2018

    LocationsView all

    9 locations detected

    • London, England HQ

      United Kingdom

      62 Buckingham Gate, Westminster

    • Denver, CO

      United States

      600 17th St #200S

    • Miami, FL

      United States

    • Sydney, NSW

      Australia

      Level 23/1 O'Connell St

    • Saint-Gilles, Bruxelles

      Belgium

      Place Marcel Broodthaers 8

    • Toronto, ON

      Canada

      2 Bloor St W suite 700, suite 2400

    and 3 others

    WorldRemit Financials

    Summary Financials

    Revenue (FY, 2018)
    £85.8M
    Gross profit (FY, 2018)
    £50.1M
    Net income (FY, 2018)
    (£44.8M)
    Cash (FY, 2018)
    £45.6M
    EBIT (FY, 2018)
    £38.9M
    Enterprise value
    $895.4M

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