Worldremit

About WorldRemit

WorldRemit's founder Ismail Ahmed started the company in 2010. In 2014 it was announced that WorldRemit had received the backing of Accel Partners, one of the world’s most high-profile investment companies, and an early funder of Facebook, Dropbox and Spotify.Accel invested $40 million, one of the largest ever Series A funding rounds in Europe.In early 2015, WorldRemit secured a $100m investment, led by Technology Crossover Ventures (TCV).

Services

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.It is marketed as a convenient, low-cost alternative to traditional money transfer companies. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up.

Regulation

WorldRemitUK FCA regulated.