10 years ago

WorldRemit Secures $45 Million to Expand Money Transfer Network

  • WorldRemit, a London-based money transfer service, has raised $45 million in funding

  • The company plans to use the funds to expand its network of partners, increase availability of instant money transfers, and grow transfer volumes

  • Backers of the round include TriplePoint Venture Growth BDC Corp

  • and Silicon Valley Bank

  • WorldRemit has now raised a total of $192.7 million in funding to date.

      • ProblemFinancial Services

      "Sending money internationally is expensive, slow, and unreliable."

      Solution

      "WorldRemit offers a mobile app that lets people send money to family and friends abroad quickly and affordably, through a variety of methods including mobile money, bank transfer, cash pickup, and mobile airtime top-up."

      Covered on