
WorldRemit
Online money transfer business. Western Union rival.
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $550k | Seed | |
N/A | $2.1m | Early VC | |
N/A | $1.3m | Early VC | |
N/A | $2.1m | Early VC | |
N/A | $1.6m | Early VC | |
$40.0m | Series A | ||
* | $100m | Series B | |
$45.0m Valuation: $455m | Debt | ||
£30.0k | - | ||
* | $40.0m Valuation: $668m | Series C | |
* | $175m Valuation: $900m | Series D | |
$292m Valuation: $5.0b | Series E | ||
* | $267m | Growth Equity VC | |
Total Funding | $922m |
GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | 53 % | 39 % | 50 % | (5 %) | 47 % | 29 % | 158 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (27 %) | (22 %) | 50 % | (45 %) | (31 %) | (49 %) | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (37 %) | (35 %) | (52 %) | (61 %) | (9 %) | (62 %) | - |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
WorldRemit is a financial technology company specializing in international money transfers. It serves individuals who need to send money across borders quickly and securely. Operating in a global market, WorldRemit offers a digital platform that allows users to transfer funds to over 130 countries. The business model is based on transaction fees and foreign exchange margins, making money by charging a small fee per transfer and earning from currency conversion rates. The company provides a user-friendly mobile app and website, ensuring that customers can track their payments and view transfer history from anywhere. WorldRemit is licensed as a Money Transmitter in various states in the USA and complies with international financial regulations to ensure the safety and security of transactions. The company targets expatriates, migrant workers, and anyone needing to send money internationally, offering competitive rates and 24/7 customer support.
Keywords: international money transfer, digital platform, remittances, secure transactions, low-cost, global market, mobile app, foreign exchange, financial technology, customer support.
Tech stack
Investments by WorldRemit
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