2015’s biggest investments: WorldRemit £80m
Series B funding round enables money transfer service to extend global reach
Description: International money transfer service
Founders: Ismail Ahmed
Based in: London
Raised: £80m ($100m)
Investors: Technology Crossover Ventures, Accel Partners
Ismail Ahmed, WorldRemit founder: “I am delighted that TCV is joining WorldRemit in our mission to enable the seamless movement of money between people across borders.
“We have an amazing opportunity to shake-up a stale industry and to save our customers time and money. We are taking money transfers into the mobile age, where people send from apps and receive on mobile money services.”
John Rosenberg, TVC general partner: ”We are delighted to partner with Ismail and the WorldRemit team, who are at the forefront in offering convenient, low-cost solutions, backed by a market leading technology platform, compliance infrastructure, and geographic footprint.”
Read more about the deal here.