• WorldRemit nabs $40M at a $670M valuation to boost its money transfer business

    9 days ago - By Tech Crunch

    WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year. The company has picked up $40 million - a Series C...
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  • London fintech business WorldRemit valued at close to £500 million as it raises $40 million

    London fintech business WorldRemit valued at close to £500 million as it raises $40 million

    9 days ago - By Business Insider

    WorldRemit raises $40 million "Series C" from LeapFrog Investments, Accel Partners, and Technology Crossover Ventures.
    The money will be put towards global expansion, with WorldRemit targeting 10 million customers by 2020.
    LONDON - Mobile money transfer service WorldRemit has raised $40 million from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures.
    WorldRemit announced the "Series C" fundraising on Thursday. It takes the total raised by the London-headquartered company to $220 million .
    Sources close to the deal said WorldRemit was valued at just...
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  • London fintech business WorldRemit valued at close to £500 million as it raises $40 million

    London fintech business WorldRemit valued at close to £500 million as it raises $40 million

    9 days ago - By Business Insider

    WorldRemit raises $40 million "Series C" from LeapFrog Investments, Accel Partners, and Technology Crossover Ventures.
    The money will be put towards global expansion, with WorldRemit targeting 10 million customers by 2020.
    LONDON - Mobile money transfer service WorldRemit has raised $40 million from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures.
    WorldRemit announced the "Series C" fundraising on Thursday. It takes the total raised by the London-headquartered company to $220 million .
    Sources close to the deal said WorldRemit was valued at just...
    Read more ...

     

  • WorldRemit raises $40 million to push its money-transfer service into new markets

    WorldRemit raises $40 million to push its money-transfer service into new markets

    9 days ago - By Venture Beat

    London-based fintech startup WorldRemit has raised $40 million in a series C round of funding led by LeapFrog Investments, with “significant participation” from existing investors Accel Partners and Technology Crossover Ventures .
    This takes the company's total funding to $220 million, including a $100 million round in early 2015 and a $45 million debt round a year later .
    Founded in 2010, WorldRemit targets migrants with a money-transfer “remittance” service designed to help them send money to families back home. While incumbents such as Western Union already offer such a service...
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