£500 M

WorldRemit Mkt valuation

£60.5 M

WorldRemit Revenue FY, 2017
WorldRemit Gross profit (FY, 2017)35.5 M
WorldRemit Gross profit margin (FY, 2017), %58.7%
WorldRemit Net income (FY, 2017)-19.5 M
WorldRemit EBIT (FY, 2017)-16.2 M
WorldRemit Cash, 31-Dec-201758 M

WorldRemit Revenue

WorldRemit revenue was £60.51 m in FY, 2017

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WorldRemit Funding

Summary Metrics

Founding Date

2010

WorldRemit total Funding

$232.7 m

WorldRemit latest funding size

$40 m

Time since last funding

a year ago

WorldRemit investors

WorldRemit's latest funding round in December 2017 was reported to be $40 m. In total, WorldRemit has raised $232.7 m. WorldRemit's latest valuation is reported to be £500 m.

WorldRemit Capital Raised

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WorldRemit Income Statement

Annual

GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

86.4k1.2m5.5m15.2m26.8m41.1m60.5m

Revenue growth, %

174%77%53%

Cost of goods sold

30.0k632.0k2.5m7.0m11.5m16.8m25.0m

Gross profit

56.4k584.8k3.0m8.2m15.3m24.3m35.5m

Gross profit Margin, %

65%48%54%54%57%59%59%

Operating expense total

1.3m4.9m18.2m33.4m34.5m51.7m

EBITDA

(1.8m)(17.1m)(7.6m)

EBITDA margin, %

(33%)(64%)(19%)

EBIT

(747.7k)(1.9m)(10.0m)(18.1m)(10.2m)(16.2m)

EBIT margin, %

(61%)(34%)(66%)(68%)(25%)(27%)

Pre tax profit

(612.1k)(747.7k)(2.0m)(10.2m)(19.5m)(15.4m)(20.0m)

Income tax expense

(3.0k)1.3m186.4k512.3k

Net Income

(612.1k)(747.7k)(2.0m)(10.2m)(18.2m)(15.2m)(19.5m)

WorldRemit Balance Sheet

Annual

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

172.6k256.7k440.1k1.7m7.9m16.1m28.7m58.0m

Accounts Receivable

20.2k313.0974.8k2.6m

Current Assets

192.8k942.6k1.3m4.0m17.7m37.3m47.6m82.9m

PP&E

4.4k11.9k23.5k366.4k214.2k2.4m2.2m2.2m

Goodwill

13.4k2.0m6.0m

Total Assets

258.2k1.0m1.5m4.4m19.9m46.2m58.3m96.7m

Accounts Payable

30.9k9.4k125.0k2.6m5.4m5.3m4.7m8.1m

Current Liabilities

30.9k60.5k907.0k3.3m7.7m9.4m24.1m56.3m

Non-Current Liabilities

668.7k4.7m15.2m12.0m

Total Debt

18.7k

Total Liabilities

30.9k60.5k907.0k4.0m7.7m14.1m39.4m68.3m

Additional Paid-in Capital

850.01.2k1.4k1.5k2.1k2.4k2.5k2.7k

Retained Earnings

(612.1k)(747.7k)(2.0m)(10.2m)(18.2m)(15.2m)(19.5m)

Total Equity

227.3k986.3k593.6k392.1k12.3m32.2m18.9m28.3m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.1 x1.1 x2.5 x11.1 x1.6 x1.4 x3.1 x3.4 x

WorldRemit Cash Flow

Annual

GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(612.1k)(747.7k)(2.0m)(10.2m)(18.2m)(15.2m)(19.5m)

Cash From Operating Activities

(14.4m)(25.2m)5.7m11.2m

Cash From Financing Activities

22.3m40.6m10.5m25.7m

Net Change in Cash

2.0m8.2m12.0m29.5m

Income Taxes Paid

(3.0k)1.3m

WorldRemit Ratios

GBPY, 2017

Revenue/Employee

217.3k

Financial Leverage

3.4 x
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WorldRemit Operating Metrics

WorldRemit's Users was reported to be 2 m in Dec, 2017.
FY, 2015FY, 2016Dec, 2017Jun, 2018

Countries

148

Transactions

3.50 m5.40 m

Users

2 m
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WorldRemit Employee Rating

3.7113 votes
Culture & Values
3.8
Work/Life Balance
3.7
Senior Management
3.6
Salary & Benefits
3.8
Career Opportunities
3.7
Source