WorldRemit
Latest round
- Series F
Last raised
- Jun 2024
Total raised
- $908M
Investors
- 8
About WorldRemit
Founded in 2010, WorldRemit Limited specializes in digital remittances, allowing individuals to transfer money online. The company has undergone strategic pivots to enhance its service offerings. Mark Lenhard is the CEO, who has previously been involved in other ventures.216 mn. WorldRemit specializes in providing fast, flexible, and secure international money transfer services, catering primarily to individuals seeking to send funds across borders. Their core offerings facilitate remittances through various methods, including bank transfers, mobile money, and cash pickups, which are designed to meet the diverse needs of their customer base. The platform allows users to send money from countries such as the United States, United Kingdom, Canada, and Australia to popular destinations, including the Philippines, Nigeria, India, and Ghana. WorldRemit’s services are particularly useful for expatriates and migrant workers who require a reliable means to support family members and friends in their home countries. Since its launch in 2010, WorldRemit has evolved its offerings to include enhanced features like real-time tracking and secure identity verification processes, ensuring a streamlined experience for both senders and receivers.6. Revenue is primarily earned through transaction fees for its remittance services, which vary based on transfer amounts and delivery methods. The company plans to introduce new products to enhance its service offerings and is targeting expansion into new markets, although specific regions have not been disclosed.
Who invested in WorldRemit
8 investors across 7 rounds
See all investors in WorldRemit
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series F
Jun 13, 2024
Amount
$266M
Investors
Series E
Aug 23, 2021
Amount
$260M
Investors
Series D
May 28, 2019
Amount
$175M
Investors
Series C
Nov 20, 2018
Amount
$26M
Investors
Series C
Dec 29, 2017
Amount
$41M
Investors
Series B
Feb 18, 2015
Amount
$100M
Investors
Series A
Feb 20, 2014
Amount
$39M
Investors
Questions about WorldRemit
Who invested in WorldRemit?
WorldRemit has 8 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has WorldRemit raised?
WorldRemit has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did WorldRemit last raise money?
WorldRemit's most recent round on record is a Series F, in Jun 2024.
What does WorldRemit do?
Founded in 2010, WorldRemit Limited specializes in digital remittances, allowing individuals to transfer money online.
Where is WorldRemit headquartered?
WorldRemit is headquartered in London, UK.
Which VCs invest in companies like WorldRemit?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at WorldRemit's stage. Their profiles are linked below.
VCs backing financial services startups at Series F
Raising like WorldRemit? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.