WorldRemit stock price, funding rounds, valuation and financials

WorldRemit has raised $407.66 m in total funding. WorldRemit valuation is $900 m, and annual revenue was £85.83 m in FY 2018

$900 M

WorldRemit Mkt valuation

£85.8 M

WorldRemit Revenue FY, 2018
WorldRemit Gross profit (FY, 2018)50.1 M
WorldRemit Gross profit margin (FY, 2018), %58.4%
WorldRemit Net income (FY, 2018)-44.8 M
WorldRemit EBIT (FY, 2018)38.9 M
WorldRemit Cash, 31-Dec-201845.6 M
WorldRemit EV895.4 M

WorldRemit Revenue

WorldRemit revenue was £85.83 m in FY, 2018

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WorldRemit Funding

Summary Metrics

Founding Date

2010

WorldRemit total Funding

$407.7 m

WorldRemit latest funding size

$175 m

Time since last funding

a year ago

WorldRemit investors

WorldRemit's latest funding round in June 2019 was reported to be $175 m. In total, WorldRemit has raised $407.7 m. WorldRemit's latest valuation is reported to be $900 m.

WorldRemit Capital Raised

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WorldRemit Valuation

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WorldRemit Income Statement

Annual

GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

86.4k1.2m5.5m15.2m26.8m41.1m60.5m85.8m

Revenue growth, %

1308%355%174%77%53%47%

Cost of goods sold

30.0k632.0k2.5m7.0m11.5m16.8m25.0m35.7m

Gross profit

56.4k584.8k3.0m8.2m15.3m24.3m35.5m50.1m

Gross profit Margin, %

65%48%54%54%57%59%59%58%

Operating expense total

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

Depreciation and amortization

790.4k

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)38.9m

EBIT margin, %

(61%)(34%)(66%)(68%)(25%)(27%)45%

Interest expense

6.2m

Interest income

21.1k

Pre tax profit

(612.1k)(747.7k)(2.0m)(10.2m)(19.5m)(15.4m)(20.0m)(45.1m)

Income tax expense

3.0k(1.3m)(186.4k)(512.3k)(344.8k)

Net Income

(612.1k)(747.7k)(2.0m)(10.2m)(18.2m)(15.2m)(19.5m)(44.8m)

WorldRemit Balance Sheet

Annual

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

172.6k256.7k440.1k1.7m7.9m16.1m28.7m58.0m45.6m

Accounts Receivable

20.2k313.0974.8k2.6m

Inventories

Current Assets

192.8k942.6k1.3m4.0m17.7m37.3m47.6m82.9m72.9m

PP&E

4.4k11.9k23.5k366.4k214.2k2.4m2.2m2.2m4.4m

Goodwill

13.4k2.0m6.0m

Total Assets

258.2k1.0m1.5m4.4m19.9m46.2m58.3m96.7m85.2m

Accounts Payable

30.9k9.4k125.0k2.6m5.4m5.3m4.7m8.1m1.8m

Short-term debt

41.1m

Current Liabilities

30.9k60.5k907.0k3.3m7.7m9.4m24.1m56.3m62.1m

Long-term debt

Non-Current Liabilities

668.7k4.7m15.2m12.0m18.3m

Total Debt

18.7k41.1m

Total Liabilities

30.9k60.5k907.0k4.0m7.7m14.1m39.4m68.3m80.5m

Common Stock

850.01.2k1.4k1.5k2.1k2.4k2.5k2.7k2.8k

Retained Earnings

(3.4m)(13.6m)(31.7m)(46.9m)(66.4m)(112.5m)

Total Equity

227.3k986.3k593.6k392.1k12.3m32.2m18.9m28.3m4.7m

Debt to Equity Ratio

0 x8.7 x

Debt to Assets Ratio

0 x0.5 x

Financial Leverage

1.1 x1.1 x2.5 x11.1 x1.6 x1.4 x3.1 x3.4 x18.1 x

WorldRemit Cash Flow

Annual

GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

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(40.6m)

Cash From Investing Activities

(7.3m)

Cash From Financing Activities

22.3m40.6m10.5m25.7m35.5m

Net Change in Cash

2.0m8.2m12.0m29.5m(12.4m)

Income Taxes Paid

(3.0k)1.3m

WorldRemit Ratios

GBPY, 2018

EV/EBIT

23 x

EV/CFO

-22.1 x

Revenue/Employee

223.6k

Debt/Equity

8.7 x

Debt/Assets

0.5 x

Financial Leverage

18.1 x

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

WorldRemit Employee Rating

2.7145 votes
Culture & Values
2.6
Work/Life Balance
3.1
Senior Management
2.2
Salary & Benefits
3.0
Career Opportunities
2.5
Source