© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - WorldRemit raises $100m funding round to drive global growth
Posted 27th February 2015

WorldRemit raises $100m funding round to drive global growth

NULL

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

WorldRemit raises $100m funding round to drive global growth
Image

WorldRemit Raises $100m Funding round to Drive Global Growth

Online money transfer service WorldRemit today announced that it has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners.

WorldRemit is a global leader in smartphone and web-based money transfers – providing a convenient, low-cost alternative to expensive brick-and-mortar agents.

The company enables a growing share of the $550bn in remittances sent each year by expatriates and migrant workers to their homelands.

This investment will allow WorldRemit to extend its existing reach of 50 send countries and 117 receive countries, and expand partnerships with Mobile Money wallets operated by telecoms companies in Africa, Asia and Latin America.

WorldRemit founder and CEO, Ismail Ahmed said: “I am delighted that TCV is joining WorldRemit in our mission to enable the seamless movement of money between people across borders.

“We have an amazing opportunity to shake-up a stale industry and to save our customers time and money. We are taking money transfers into the mobile age, where people send from apps and receive on Mobile Money services.”

To find out more information about either company, please visit www.worldremit.comwww.tcv.com, or www.accel.com

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Celebrating The Mutual Benefit Of Volunteering
Corporate Social Responsibility
30/05/2024Celebrating The Mutual Benefit Of Volunteering

Colleagues from the region’s largest building society have been sharing their positive experiences from volunteering their time and skills to help others, in the lead up to Volunteers’ Week 2024 (3rd – 9th June).

Read Full PostRead - Eye Icon
Makersite Masters
News
05/02/2020Makersite Masters

It’s a time of intensive change for companies with the complexity of product manufacturing and customer expectation are rising exponentially, and rapidly beyond the control of the businesses that are in charge of running them. Offering a solution to this see

Read Full PostRead - Eye Icon
A Legal Support in Starting or Expanding Your Innovative Business in Italy
Innovation
06/09/2022A Legal Support in Starting or Expanding Your Innovative Business in Italy

For a few years now, Italy has introduced several measures aimed at incentivizing foreign investment in Italy, encouraging the growth of innovative startups. Since 2017, those who intend to invest in the venture capital of innovative startups can benefit from

Read Full PostRead - Eye Icon
Canfor Completes the Acquisition of Wynndel
M&A
15/04/2016Canfor Completes the Acquisition of Wynndel

E-House (China) Holdings Limited, a leading real estate services company in China, today announced that it has entered into a definitive Agreement and Plan of with E-House Holdings Ltd. and E-House Merger Sub Ltd.

Read Full PostRead - Eye Icon
Yegin Cifiti Advise CarrefourSA’s Acquisition of Stake in Kiler Alisveris Hizmetleri
M&A
24/06/2015Yegin Cifiti Advise CarrefourSA’s Acquisition of Stake in Kiler Alisveris Hizmetleri

Yegin Cifiti Advise CarrefourSA's Acquisition of Stake in Kiler Alisveris Hizmetleri

Read Full PostRead - Eye Icon
Injury at Work; What to Do If You Get Hurt on the Job
News
17/06/2024Injury at Work; What to Do If You Get Hurt on the Job

Injury at Work; What to Do If You Get Hurt on the Job Suffering an injury at work can be a tough situation, not just physically but emotionally and financially too. Knowing the right steps to take after getting injured on the job is crucial to ensure you get t

Read Full PostRead - Eye Icon
People, Not Packages
Leadership
03/01/2018People, Not Packages

ICON Relocation have one of the most experienced management teams in the industry, with over 100 years of management experience in the relocation sector.

Read Full PostRead - Eye Icon
7 Facts That Prove Entrepreneurship Is Thriving in UK Post Brexit – Survey
Innovation
17/11/20167 Facts That Prove Entrepreneurship Is Thriving in UK Post Brexit – Survey

Entrepreneurial spirit and optimism remains high in the UK according to new UK research released by Amway.

Read Full PostRead - Eye Icon
The Virtuosos of Cloud Consulting
Finance
04/11/2019The Virtuosos of Cloud Consulting

At Denny Cherry and Associates Consulting [DCAC], expertise is the primary differentiator from other cloud consulting companies.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow