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WorldRemit

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Breon Corcoran's photo - CEO of WorldRemit

CEO

Breon Corcoran

CEO Approval Rating

77/100

Founded:

2009

Status:

PrivateIndependent Company

Est. Annual Revenue
$190.2M
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Est. Employees
1,000
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WORLDREMIT TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

WorldRemit's company profile
Breon Corcoran's photo - CEO of WorldRemit

Breon Corcoran

CEO

77/100
1,000
$407.2M
$190.2M
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1
WorldRemit's Competitor - Western Union logo
Hikmet Ersek's photo - President & CEO of Western Union

Hikmet Ersek

President & CEO

71/100
12,000
$422.4M
$5B
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2
WorldRemit's Competitor - Continental Exchange Solutions, Inc. logo
Juan C. Bianchi's photo - President & CEO of Continental Exchange Solutions, Inc.

Juan C. Bianchi

President & CEO

64/100
104
- -
$13.1M
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3
WorldRemit's Competitor - Xoom logo
CEO Avatar

CEO

- -
300
$212.7M
$200M
View Profile
4
WorldRemit's Competitor - MoneyGram logo
W. Alexander Holmes's photo - Chairman & CEO of MoneyGram

W. Alexander Holmes

Chairman & CEO

72/100
2,436
$874M
$1.3B
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5
WorldRemit's Competitor - Remitly logo
Matthew Oppenheimer's photo - Co-Founder & CEO of Remitly

Matthew Oppenheimer

Co-Founder & CEO

94/100
1,600
$530.2M
$257M
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6
WorldRemit's Competitor - Azimo logo
Richard Ambrose's photo - CEO of Azimo

Richard Ambrose

CEO

78/100
130
$88.1M
$15M
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7
WorldRemit's Competitor - TransferGo logo
Daumantas Dvilinskas's photo - Co-Founder & CEO of TransferGo

Daumantas Dvilinskas

Co-Founder & CEO

72/100
200
$43.8M
$18.8M
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8
WorldRemit's Competitor - Neteller logo
Joel Leonoff's photo - President & CEO of Neteller

Joel Leonoff

President & CEO

50/100
158
- -
$112.7M
View Profile
9
WorldRemit's Competitor - Money Mover logo
Hamish Anderson's photo - CEO of Money Mover

Hamish Anderson

CEO

79/100
50
$2.2M
$10M
View Profile
10
WorldRemit's Competitor - CY.SEND logo
CEO Avatar

CEO

- -
51
- -
$5.4M
View Profile
11
WorldRemit's Competitor - GlobelMoney logo
Waqas Ilyas's photo - Founder & CEO of GlobelMoney

Waqas Ilyas

Founder & CEO

79/100
55
$6M
$1.6M
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12
WorldRemit's Competitor - World First U.K. Ltd. logo
Jeff Parker's photo - CEO of World First U.K. Ltd.

Jeff Parker

CEO

58/100
643
- -
$92.4M
View Profile

Missing a competitor? Contribute!

Western Union is WorldRemit's #1 competitor. Western Union is a Public company that was founded in 1851 in Denver, Colorado. Western Union is in the Fintech industry. Compared to WorldRemit, Western Union has 10,000 more employees.

Continental Exchange Solutions, Inc. is seen as one of WorldRemit's biggest rivals. Continental Exchange Solutions, Inc. was founded in Buena Park, California} in 1987. Continental Exchange Solutions, Inc. competes in the Banks field. Compared to WorldRemit, Continental Exchange Solutions, Inc. generates $177.1M less revenue.

Xoom is one of WorldRemit's top competitors. Xoom is headquartered in San Francisco, California, and was founded in 2001. Xoom is in the Internet Software field. Xoom generates 105% the revenue of WorldRemit.

WorldRemit Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Sendwave

Aug 2020

Source »
$500M
Sendwave develops a mobile-based remittance application that allows individuals and businesses to send and receive money.

These are all the companies that WorldRemit has acquired. WorldRemit's latest acquisition was Sendwave in Aug 2020. Sendwave develops a mobile-based remittance application that allows individuals and businesses to send and receive money.

WorldRemit Funding History

Since WorldRemit was founded in 2009, it has participated in 6 rounds of funding. In total WorldRemit has raised $407.2M. WorldRemit's last funding round was on Jun 2019 for a total of $175.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series D
Jun 2019
$175M
Series C
Dec 2017
$40M
Debt
Feb 2016
$45M
Series B
Feb 2015
$100M
Series A
Mar 2014
$40M

Since WorldRemit was founded in 2009, it has participated in 6 rounds of funding. In total WorldRemit has raised $407.2M. WorldRemit's last funding round was on Jun 2019 for a total of $175.0M

WorldRemit Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Project A Ventures is an early-stage fund investing in e-commerce, infrastructure, data and software as service entrepreneurs.
$200M
Sep 25, 2019
-

These are all the companies that WorldRemit has invested in. WorldRemit's latest investment was Project A Ventures in Sep 25,. Project A Ventures is an early-stage fund investing in e-commerce, infrastructure, data and software as service entrepreneurs.

WorldRemit News

August 20, 2021Techstory

Money transfer startup WorldRemit raising $5 billion before IPO

WorldRemit Ltd., a money transfer company, is looking to raise funds at a valuation of around $5 bill... See more »
August 16, 2021The Paypers

WorldRemit launches money transfer services in Malaysia

WorldRemit, a UK-based digital cross-border payments company, has introduced its money transfer servi... See more »
August 13, 2021Fintech News Malaysia

WorldRemit Arrives on Malaysian Shores To Offer Its Remittance Service

WorldRemit, a London-based digital cross-border payments company, has officially launched its money t... See more »
May 18, 2021Business Day

WorldRemit to continue offering Naira 4 Dollar incentive

WorldRemit, a leading global cross-border payments company, says it will continue to reward customers... See more »
April 29, 2021Crowdfund Insider

London's WorldRemit, a Cross-Border Payments Firm, has Been Recognized for Facilitating Fast, Cheap Digital Transactions

London-based WorldRemit, a global cross-border payments firm, reveals that it has been recognized for... See more »
April 7, 2021FinTech Future

WorldRemit founder Ismail Ahmed launches $500m Somaliland fund

WorldRemit's first market was Somaliland.... See more »
March 11, 2021FinTech Future

London fintech WorldRemit mulls taking $1.5bn Spac listing to US

Refinitiv data shows Spac mergers have surged to a record $170 billion this year.... See more »

WorldRemit Press Releases

December 21, 2020Business Wire

WorldRemit202020

倫敦--(BUSINESS WIRE)--(美國商業資訊)--首屈一指的跨境支付公司WorldRemit今日舉辦國際移民日(International Migrants Day)慶祝活動,並宣佈2020... See more »
November 18, 2020Business Wire

Win a Tablet with WorldRemit's Guatemala Giveaway!

DENVER, Colo.--(BUSINESS WIRE)--WorldRemit, a leading international payments company, is giving away ... See more »
September 15, 2020PR Newswire

WorldRemit Launches Inaugural List of Influential Latinos in the U.S.

DENVER, Sept. 15, 2020 /PRNewswire-HISPANIC PR WIRE/ -- WorldRemit, a leading digital payments platfo... See more »
July 21, 2020PR Newswire

WorldRemit Launches the Inaugural List of Influential Colombians in the Diaspora

LONDON, July 20, 2020 /PRNewswire-HISPANIC PR WIRE/ -- WorldRemit, a leading international payments s... See more »
July 14, 2020centralcharts

WorldRemit partners with Project 8000 students to send gratitude to frontline workers

WorldRemit partners with Project 8000 students to send gratitude to frontline workers Thanking Tan To... See more »
February 5, 2020Business Wire

How The Hardworking Diaspora Are Supporting The Zimbabwean Economy

HARARE, Zimbabwe--(BUSINESS WIRE)--WorldRemit, the market-leading money transfer provider, has reveal... See more »
January 24, 2020Business Wire

Forty Three Percent Growth in Remittances to Africa in 2019

ACCRA, Ghana--(BUSINESS WIRE)--Leading mobile payments company WorldRemit saw a 43% growth in remitta... See more »

WorldRemit Videos

July 14, 2021WorldRemit Youtube Channel

"WR 100228 How To YT 15s FR" on YOUTUBE

July 7, 2021WorldRemit Youtube Channel

"Ray - I Fly Two Flags" on YOUTUBE

May 26, 2021WorldRemit Youtube Channel

"I Fly Two Flags" on YOUTUBE

February 24, 2021WorldRemit Youtube Channel

"Track Your Transfers" on YOUTUBE

February 17, 2021WorldRemit Youtube Channel

"Our Pangkabuhayan Prize Winners" on YOUTUBE

Social Media

WorldRemit Headquarters

62 Buckingham Gate

London, EnglandSW1E 6AJ

44-207-148-5800

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WorldRemit Summary

ABOUT

Overview

WorldRemit is an online remittance platform that enables users to transfer money, pay bills and recharge airtime top-up. WorldRemit was founded in 2009. WorldRemit's headquarters is located in London, England, GB SW1E 6AJ. It has raised 407.2M in 6 ro...

CEO

WorldRemit's CEO, Breon Corcoran, currently has an approval rating of 77%. WorldRemit's primary competitors are Western Union, Continental Exchange Solutions, Inc. & Xoom.

Frequently Asked Questions about WorldRemit

  1. When was WorldRemit founded?

    WorldRemit was founded in 2009
  2. Who is WorldRemit's CEO?

    WorldRemit's CEO is Breon Corcoran
  3. How much revenue does WorldRemit generate?

    WorldRemit generates $190.2M in revenue
  4. How much funding does WorldRemit have?

    WorldRemit has historically raised $407.2M in funding
  5. Where is WorldRemit's headquarters?

    WorldRemit's headquarters is in London England, GB
  1. How many employees does WorldRemit have?

    WorldRemit has 1,000 employees
  2. What sector does WorldRemit operate in?

    WorldRemit is in Fintech
  3. Who are WorldRemit's competitors?

    WorldRemit's top competitors are Western Union, Continental Exchange Solutions, Inc., Xoom
  4. Who has WorldRemit invested in?

    WorldRemit's has invested in companies such as Project A Ventures