WorldRemit Financials

£500 M

Mkt valuation

£41.1 M

Revenue FY, 2016
Revenue growth (FY, 2015 - FY, 2016), %53%
Gross profit (FY, 2016)24.3 M
Gross profit margin (FY, 2016), %59.1%
Net income (FY, 2016)-15.2 M
EBITDA (FY, 2016)-7.6 M
EBIT (FY, 2016)-10.2 M
Cash, 31-Dec-201628.7 M

Capital Structure

Summary Metrics

Founding Date

2010

Total Funding

$232.7 m

Latest funding size

$40 m

Time since last funding

6 months ago

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.

Capital Raised

Embed Graph

Revenue/Financials

Income Statement

Annual

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

Revenue

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

Revenue growth, %

174%77%53%

Cost of goods sold

30 k632 k2.5 m7 m11.5 m16.8 m

Gross profit

56.4 k584.8 k3 m8.2 m15.3 m24.3 m

Gross profit Margin, %

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

Operating expense total

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

EBITDA

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

EBITDA margin, %

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

EBIT

(747.7 k)(1.9 m)(10 m)(18.1 m)(10.2 m)

EBIT margin, %

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

Pre tax profit

(612.1 k)(747.7 k)(2 m)(10.2 m)(19.5 m)(15.4 m)

Income tax expense

(3 k)1.3 m186.4 k

Net Income

(612.1 k)(747.7 k)(2 m)(10.2 m)(18.2 m)(15.2 m)

Balance Sheet

Annual

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

Cash

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

Accounts Receivable

20.2 k313 974.8 k2.6 m

Current Assets

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

PP&E

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

Goodwill

13.4 k2 m6 m

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Non-Current Liabilities

668.7 k4.7 m15.2 m

Total Debt

18.7 k

Total Liabilities

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

Additional Paid-in Capital

850 1.2 k1.4 k1.5 k2.1 k2.4 k2.5 k

Retained Earnings

(612.1 k)(747.7 k)(2 m)(10.2 m)(18.2 m)(15.2 m)

Total Equity

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

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 x

Cash Flow

Annual

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

Net Income

(612.1 k)(747.7 k)(2 m)(10.2 m)(18.2 m)(15.2 m)

Cash From Operating Activities

(14.4 m)(25.2 m)5.7 m

Cash From Financing Activities

22.3 m40.6 m10.5 m

Net Change in Cash

2 m8.2 m12 m

Income Taxes Paid

(3 k)1.3 m

Ratios

GBPY, 2016

Revenue/Employee

210.4 k

Financial Leverage

3.1 x
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Operating Metrics

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

Transactions

3.50 m5.40 m

Users

2 m
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