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.

Company Growth (employees)
Type
Private
HQ
London, GB
Size (employees)
250 (est)
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 9 other locations
London, GB
Johannesburg, ZA
Auckland, NZ
Sydney, AU
Toronto, CA
Miami, US
Montreal, CA
Denver, US
Greenwood Village, US
Belconnen, AU
Longueuil, CA

WorldRemit Metrics

WorldRemit Summary

Market valuation*

$500 m

Total Funding

$147.7 m

Latest funding size

$100 m

Time since last funding

about 2 years

Investors

* Source: https://techcrunch.com/2017/03/08/cur...
We estimate that WorldRemit's latest funding round in February 2015 was $100 m. In total, WorldRemit has raised $147.7 m. We estimate that WorldRemit's latest valuation is $500 m.

WorldRemit Financials

We estimate that WorldRemit's revenue is £26.8 m in FY, 2015 which is a 76.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

£5.5 m£15.2 m£26.8 m

Revenue growth, %

174.1%76.9%

Cost of sales

£2.5 m£7 m£11.5 m

Gross profit

£3 m£8.2 m£15.3 m

Gross profit Margin, %

54.3%53.9%57%

Operating expense total

£4.9 m£18.2 m£34.5 m

WorldRemit Job Categories

WorldRemit Online Presence

WorldRemit News

WorldRemit Company Life

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