WorldRemit’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

WorldRemit is an online remittance platform that enables users to transfer money, pay bills and recharge airtime top-up. Read more

Breon Corcoran's photo - CEO of WorldRemit

CEO

Breon Corcoran

CEO Approval Rating

75/100

Founded:

2009

Status:

Est. Annual Revenue
Est. Employees

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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 Transaction Services industry. Compared to WorldRemit, Western Union has 10,700 more employees.

RIA is seen as one of WorldRemit's biggest rivals. RIA was founded in Buena Park, California} in 1987. RIA competes in the Banks field. Compared to WorldRemit, RIA generates $107.4M 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 Banks field. Xoom generates 165% the revenue of WorldRemit.

Weigh-in!

Help the Owler community know more

Growth Score - 1/1

Is $120.6M a good estimate for WorldRemit's revenue?

Acquisitions

No recent acquisitions found related to WorldRemit

WorldRemit Funding History

$40M$140M$185M$225M$400M

Since WorldRemit was founded in 2009, it has participated in 5 rounds of funding. In total WorldRemit has raised $400.0M. 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

TCV

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

Total Funding: $400M

Since WorldRemit was founded in 2009, it has participated in 5 rounds of funding. In total WorldRemit has raised $400.0M. WorldRemit's last funding round was on Jun 2019 for a total of $175.0M

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
Investment Fund
-

WorldRemit News

September 17, 2020Technuter

WorldRemit Launches WorldRemit Transfer Tracker App

WorldRemit is launching The WorldRemit Transfer Tracker mobile App for recipients of money transfers ... See more »
September 16, 2020The Paypers

OPay and WorldRemit partner to offer mobile money transfer service

Nigeria-based financial provider OPay has announced a partnership with digital payments platform Worl... See more »
September 15, 2020PYMNTS

Liberia's Lonestar Cell, WorldRemit Team On Cross-Border Remittances

Liberia-based mobile financial services firm Lonestar Cell is partnering with WorldRemit to offer cus... See more »
September 6, 2020The Paypers

Juba Express and WorldRemit launch international payments to Somalia

Juba Express, a money transfer services, and WorldRemit, a global payments company, have partnered to... See more »
August 25, 2020FinSMEs

WorldRemit to Buy Sendwave

WorldRemit, a London, UK-based digital, global cross-border payments company, is to acquire Sendwave,... See more »
August 13, 2020Picante Today

Win a Tablet with WorldRemit's Back to School Competition!

Send money between 1st July and 30th September 2020 to qualify LONDON-(BUSINESS WIRE)-#BacktoSchool-W... See more »

WorldRemit Press Releases

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 »
January 20, 2020Business Wire

WorldRemit Reflects On Dr. Martin Luther King Jr's Legacy of Economic Empowerment and What It Means to Migrants in America

DENVER--(BUSINESS WIRE)--In honor of Martin Luther King Jr. Day, WorldRemit reflects on the life and ... See more »
March 27, 2019WebWire

Gulf African Bank Partners with WorldRemit for Digital Money Transfers to Kenya

Leading digital money transfer company WorldRemit has joined forces with Gulf African Bank (GAB), Ken... See more »
February 13, 2019WebWire

Enat Bank Partners With WorldRemit for Digital Money Transfers to Ethiopia

Enat Bank has partnered with leading digital money transfer service, WorldRemit for digital money tra... See more »
January 8, 2019WebWire

Remittances Keep 3.5 Million Children in School Worldwide

New research from digital money transfer service WorldRemit � reveals that the $689 billion in remi... See more »

WorldRemit Videos

Social Statistics

Headquarters

62 Buckingham Gate

London, EnglandSW1E 6AJ

44-207-148-5800

Driving Directions »

Trending Companies

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 400.0M in 5 ro...

CEO

WorldRemit's CEO, Breon Corcoran, currently has an approval rating of 75%. WorldRemit's primary competitors are Western Union, RIA & Xoom.

Website

worldremit.com

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 $120.6M in revenue
  4. How much funding does WorldRemit have?

    WorldRemit has historically raised $400M 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 800 employees
  2. What sector does WorldRemit operate in?

    WorldRemit is in Transaction Services
  3. Who are WorldRemit's competitors?

    WorldRemit's top competitors are Western Union, RIA, Xoom
  4. Who has WorldRemit invested in?

    WorldRemit's has invested in companies such as Project A