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 300 E
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 |
Gross profit Margin, % | 54% | 54% | 57% |
Operating expense total | 4.9 m | 18.2 m | 34.5 m |
Pre tax profit | (2 m) | (10.2 m) | (19.5 m) |
Net Income | (2 m) | (10.2 m) | (18.2 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 |
Goodwill | 13.4 k | 2 m | 6 m |
Total Assets | 4.4 m | 19.9 m | 46.2 m |
Accounts Payable | 2.6 m | 5.4 m | 5.3 m |
Current Liabilities | 3.3 m | 7.7 m | 14.1 m |
Total Liabilities | 4 m | 7.7 m | 14.1 m |
Retained Earnings | (2 m) | (10.2 m) | (18.2 m) |
Total Equity | 392.1 k | 12.3 m | 32.2 m |
Financial Leverage | 11.1 x | 1.6 x | 1.4 x |
| 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 |
