WorldRemit Revenue and Competitors

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London, UK

Location

$699.7M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • WorldRemit's estimated annual revenue is currently $174.9M per year.(i)
  • WorldRemit received $40.0M in venture funding in December 2017.
  • WorldRemit's estimated revenue per employee is $185,900
  • WorldRemit's total funding is $699.7M.
  • WorldRemit's current valuation is $5B. (August 2021)

Employee Data

  • WorldRemit has 941 Employees.(i)
  • WorldRemit grew their employee count by 0% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$24570M3812914%$216M$209.6B
#2
$333.3M179336%$505M$6.5B
#3
$508.3M273428%$1.3B$3.5B
#4
$701.1M3852N/AN/AN/A
#5
$99.3M6117%N/AN/A

Were changing the way people send money abroad. Were taking something complicated and making it simple. Our people and our technology work together to create faster, easier and lower cost money transfers. We send to more than 145 countries around the world and have over 3 million happy customers a number that's growing every day. After all, 85,000 5 reviews cant be wrong! We believe in helping our customers hard work go further. We've helped millions of children to go to school, helped thousands of people to receive medical treatment and, every week, we help tens of thousands of people to pay their bills. But most importantly, we do it all with the creativity, imagination and colourful spirit of our customers. The work were doing is making a splash in the fintech industry too. Accel Partners and Technology Crossover Ventures have invested $140 million in us and as early backers of the likes of Facebook, Spotify and Netflix, we know were in good company! Not only that, but were also a member of TechCity UK's prestigious FutureFifty. Changing the world isnt easy, but were hoping to find the right people to join us on our way. If you think differently, believe in new solutions to old problems and have the drive to make things happen, you might just be what were looking for.

keywords:Financial Services, Payments, Finance, P2P Money Transfer, Remittance, Fin Tech

$699.7M

Total Funding

941

Number of Employees

$174.9M

Revenue (est)

0%

Employee Growth %

$5B

Valuation

N/A

Accelerator

WorldRemit News

2022-04-17 - In the wake of Fast’s collapse, Volume thinks it can crack the payment checkout conundrum

... Mastercard, HSBC and WorldRemit. The startup says it has 50 merchants across retail, food delivery and digital marketplaces in the U.K....

2022-03-30 - Somalia changed the face of money transfers worldwide

One of the most well-known companies to emerge from Somalia is World Remit, a money transfer company that was founded in 2009 by a...

2022-03-30 - WorldRemit Guide: A walkthrough on digital remittances ...

WorldRemit, a pioneer in digital money transfers, committed itself to helping Filipinos with the transition to digital-first.

2020-08-25 - WorldRemit to Buy Sendwave

WorldRemit, a London, UK-based digital, global cross-border payments company, is to acquire Sendwave, an app-based remittance company. The cash and stock transaction is expected to close, subject to licensing and regulatory approvals, in Q4 2020. Founded in 2014 by Drew Durbin and Lincoln Quir ...

2020-03-29 - Money transfer service WorldRemit closes $40m Series A round

Online money transfer platform WorldRemit has secured a $40m Series A round from Accel Partners, said to be one of the largest venture rounds of its kind completed in Europe. Founded in 2009, London-based WorldRemit is an international online payments transfer service, also accessible via mobil ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$299M941N/AN/A
#2
$175.1M9429%$746.4M
#3
$427.8M94614%N/A
#4
$185.8M94817%N/A
#5
$322.5M94834%N/A

WorldRemit Funding

DateAmountRoundLead InvestorsReference
2017-12-12$40.0MUndisclosedLeapFrog InvestmentsArticle

WorldRemit Executives


NameTitle
Tamer El-EmaryChief Commercial Officer
Andras MecserGroup CFO
Sophie KrishnanChief Operations Officer
Akshay NavleChief Executive Officer - Americas
Breon CorcoranCEO
Stephen LovellChief Product Officer
Andras MecserGroup Chief Financial Officer
Duminda ThilakawardanaCRO Manager
Johnny DevittChief Marketing Officer
Justine DinterChief People Officer
Yesim AksuChief People Officer
Mary BarnesChief Of Staff
Michael BallGroup CFO
Shashank ShashDirector of Security and Deputy CISO
Amy SmithEA to Group CEO
Hari VeladandaVice President Of Engineering
Ritu SoniSVP Product
Christelle ChanVP Performance Marketing
Jennifer KemenyVP of Talent Acquisition (interim)
James CottonVP - Analytics & Pricing
Michael DonatVP Engineering
Jean LemoineVice-President Infrastructure
Eugene NxumaloVice President and Group Treasurer (Interim)
Joel AndersonVice President Of Services
Jeremy BennettVP, Reward