WorldRemit Overview

  • Founded
  • 2010
Founded
  • Status
  • Private
  • Employees
  • 1,000
Employees
  • Latest Deal Type
  • Debt
  • Latest Deal Amount
  • $278M
Latest Deal Amount
  • Investors
  • 7

WorldRemit General Information

Description

Developer of an online money transfer platform intended to help people to send money to friends and family living abroad. The company's platform provides international transfers to mobile money account where a customer's phone numbers act as a bank account to hold funds and transfer money using debit cards, credit cards, and local payment methods, enabling users to send money easily and securely with guaranteed exchange rates and low processing fees.

Contact Information

Formerly Known As
Clean Remittances
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Application Software
Primary Office
  • 2nd Floor
  • 62 Buckingham Gate
  • London SW1E 6AJ
  • England, United Kingdom
+44 020 0000 0000

WorldRemit Timeline

2018201920202021
Financing RoundCaptured Employee CountEstimated Employee Growth
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WorldRemit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Debt - General 01-Feb-2021 $278M 00000 Completed Generating Revenue
8. Debt - General 01-Jan-2021 00000 00000 Completed Generating Revenue
7. Later Stage VC (Series D) 03-Jun-2019 00000 00000 00000 Completed Generating Revenue
6. Later Stage VC (Series C2) 12-Nov-2018 000.00 00000 00000 Completed Generating Revenue
5. Later Stage VC (Series C) 31-Dec-2017 000.00 00000 00000 Completed Generating Revenue
4. Debt - General 09-Feb-2016 00000 00000 Completed Generating Revenue
3. Mezzanine 31-Dec-2015 000 00000 Completed Generating Revenue
2. Early Stage VC (Series B) 18-Feb-2015 $98.8M $140M 00000 Completed Generating Revenue
1. Early Stage VC (Series A) 11-Mar-2014 $41.7M $41.7M 00000 Completed Generating Revenue
To view WorldRemit’s complete valuation and funding history, request access »

WorldRemit Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series D 0,000,000 00.000000 000.00 000.00 00 000.00 00.000
B Ordinary 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Series C2 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Ordinary 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Series C 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Series B 5,346,231 $0.000128 $15.57 $15.57 1x $15.57 14.6%
Series A 6,461,513 $0.000128 8% $4.76 $4.76 1x $4.76 17.64%
To view WorldRemit’s complete cap table history, request access »

WorldRemit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of an online money transfer platform intended to help people to send money to friends and family living abroad
Financial Software
London, United Kingdom
1,000 As of 2021
00000
000000000 00000

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000000000 00000000
London, United Kingdom
000 As of 0000
000.00
000000000 000.00

0000 (00

enderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupi
000000000 00000000
London, United Kingdom
0000 As of 0000
00000
0.00 0000-00-00
00000000 00000
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WorldRemit Competitors (45)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
TransferGo Venture Capital-Backed London, United Kingdom 000 000.00 000000000 000.00
0000 (00000000000) Venture Capital-Backed London, United Kingdom 0000 00000 00000000 00000
00000 Venture Capital-Backed London, United Kingdom 000 000.00 000000000 000.00
000000000000 Venture Capital-Backed Dublin, Ireland 00 000.00 0000000000 0 000.00
0000000 Venture Capital-Backed London, United Kingdom 0000 00.000 00000 00000
You’re viewing 5 of 45 competitors. Get the full list »

WorldRemit Executive Team (32)

Name Title Board Seat Contact Info
Breon Corcoran Chief Executive Officer and Board Member
Andras Mecser Group Chief Financial Officer
Sophie Krishnan Chief Operating Officer and Board Member
Mark Watson Chief Technology Officer
Stephen Lovell Chief Product Officer
You’re viewing 5 of 32 executive team members. Get the full list »

WorldRemit Board Members (13)

Name Representing Role Since
Breon Corcoran WorldRemit Chief Executive Officer and Board Member 000 0000
Catherine Wines WorldRemit Co-Founder and Board Member 000 0000
Hendrik Nelis Ph.D Accel Board Member 000 0000
Ismail Ahmed Ph.D WorldRemit Co-Founder and Chairman 000 0000
John Doran TCV Board Member 000 0000
You’re viewing 5 of 13 board members. Get the full list »

WorldRemit Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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WorldRemit Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Blackrock Capital Investment Business Development Company Minority 000 0000 000000 0
BlackRock TCP Capital Business Development Company Minority 000 0000 000000 0
Leapfrog Investments PE/Buyout Minority 000 0000 000000 0
TCV Venture Capital Minority 000 0000 000000 0
TriplePoint Venture Growth Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 7 investors. Get the full list »

WorldRemit Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 16-Feb-2021 000000000000000000 00000 Financial Software 00000 00000000
To view WorldRemit’s complete acquisitions history, request access »

WorldRemit Subsidiaries (1)

Company Name Industry Location Founded
00000000 Financial Software Boston, MA 0000
To view WorldRemit’s complete subsidiaries history, request access »