WorldRemit: Raises $175m in Series D funding

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WorldRemit: Raises $175m in Series D funding

  • Leading mobile payments company WorldRemit entered into a definitive agreement to raise $175 million in a Series D funding round led by returning investors
  • WorldRemit global leader in smartphone and online payments providing a convenient, low-cost alternative to expensive brick-and-mortar agents
  • Handles a growing share of the $700 billion remittances sent each year by expatriates
  • Company serves almost 4 million customers transferring money from 50 “send” countries to 150 “receive” countries
  • Mission to help transfer money as securely and speedily as possible while reducing the cost to customers
  • The Series D funding round comes at a pivotal stage in the company’s growth