Tagged: worldremit

WorldRemit Announces Its Global Mobile Money Predictions

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday its insights into factors that will affect global mobile money in 2020. The company’s insights revealed the following: Device usage in the developing world will continue to grow, driving access to… Read More

WorldRemit Appoints Sophie Krishnan as New Chief Operating Officer

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has appointed Sophie Krishnan as its new Chief Operating Officer. According to WorldRemit, Krishnan has held senior management roles at consumer-facing disruptors like Expedia and Trainline, where she led product,… Read More

Report: Fintech Remains Prominent in UKs Biggest VC Rounds so far in 2019

The UK has been a hotbed of Fintech innovation for years now. The one-two punch of a creative financial services industry combined with a world-leading regulatory approach have joined to create a robust ecosystem of Fintech development. Of course, none of this would take place… Read More

WorldRemit Secures $175 Million Through Series D Funding Round Led By TCV, Accel, & LeapFrog Investments

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday it secured $175 million through its Series D funding round, which was led by existing investors TCV, Accel and Leapfrog Investments. Founded in 2010, WorldRemit describes itself as a global lead-in… Read More

WorldRemit Forms Partnership With MCB Bank For Digital Money Transfer to Pakistan

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. WorldRemit reported that transactions to Pakistan through its website and app grew by 75% in 2018, driven by… Read More

WorldRemit Teams Up With BRAC Bank & bKash for Bank/Mobile Money Transfers to Bangladesh

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has formed a partnership with BRAC Bank and bKash for banking and mobile money transfers to Bangladesh. WorldRemit reported that the partnership will considerably expand its footprint in Bangladesh and supports its… Read More

Money Transfer Service WorldRemit Appoints Daniel Canning As First North America Commercial Director

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has appointed Daniel Canning as its first North America Commercial Director. According to WorldRemit, Canning will lead the company’s North America commercial activity at a time of rapid expansion. It was… Read More

Money Transfer Fintech WorldRemit Integrates with WhatsApp

WorldRemit, a UK based Fintech in the digital money transfer sector, has integrated with WhatsApp – one of the most popular messaging services in the world. WorldRemit says that customers in over 145 countries may now receive WhatsApp notifications about their money transfers in real… Read More

WorldRemit Launches Digital Money Transfer Services Within Africa

International money transfer service WorldRemit announced on Tuesday it is launching a new digital service within Africa. According to WorldRemit, the service will make it easier to send and receive money across the continent and will also reduce the cost of sending money across borders. WorldRemit… Read More

WorldRemit Collaborates With Nigeria’s First Bank For Digital Money Transfers

International money transfer service WorldRemit announced on Tuesday it has formed a new partnership with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. According to WorldRemit, the collaboration considerably expands WorldRemit’s footprint in the country and allows… Read More

WorldRemit Debuts International Money Transfer Service in New York

International money transfer service WorldRemit announced on Thursday it has launched its services in New York, targeting the state’s 4.5 million immigrants with its fast, low-cost service. According to the company, customers can easily make international transfers of 147 countries around the world through its smartphone… Read More

WorldRemit Secures $40 Million Through Series C Funding Round Led By LeapFrog Investment

Digital money transfer service WorldRemit announced on Thursday it has raised $40 million through its Series C Funding Round, which was led by LeapFrog Investments, with significant participation from existing investors Accel and TCV. WorldRemit revealed that it handles a growing share of the $600 billion… Read More

WorldRemit Adds Hungary to List of Countries Users May Transfer Money

Mobile first digital money transfer service WorldRemit has launched instant money transfers to Hungary. The new service lets anyone in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website. WorldRemit’s digital model allows migrants… Read More

WorldRemit Expands Partnership With Wafacash to Offer Instant Money Transfer Across West & Central Africa

Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa. According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into… Read More

WorldRemit’s US Business is Growing 250% a Year

WorldRemit, a digital money transfer platform, says business is booming. In an update, WorldRemit said it is now facilitating more than 600,000 transactions a month, from over 50 countries to 140+ destinations. Payments and transfers is fast growing sector of Fintech. WorlRemit targets an immigrant… Read More

WorldRemit Announces Partnership With Tigo Money Subsidiaries for Mobile Money Transfers Services to El Salvador and Guatemala

Digital money transfer service WorldRemit announced on Thursday it has formed a partnership with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala. This new collaboration will notably enable Salvadorans and  Guatemalans abroad to send money transfers instantly to… Read More

WorldRemit Announces Asia Expansion: Launches Online Money Transfers in Japan

WorldRemit, announced on Monday it is launching its online money transfer services in Japan. This news comes less than a week after the company announced its launch in Hawaii and customers in Japan will now be able to send money to family and friends worldwide, using… Read More

WorldRemit Forms Partnership With KCB to Offer Instant Money Transfer to Kenya

Digital money transfer service, WorldRemit, announced on Friday it has partnered with East and Central Africa bank, KCB, to create a new instant option to send remittance to Kenya. According to the company, the partnership aims to support the growing demand for instant, digital remittances among… Read More

North American Expansion: WorldRemit Launches Digital Money Transfer Service in Hawaii

Digital money transfer service, WorldRemit, announced on Tuesday it has expanded in North American by launching in Hawaii. The company’s Hawaiian customers may now send money to over 140 destinations as easily as sending an instant message, using the WorldRemit smartphone app or website. According to… Read More

WorldRemit Announces Tanzania Expansion & Hits 10,000 Unique Transactions Per Month Milestone

Digital money transfer service, WorldRemit, announced on Monday it is consolidating its expansion into Tanzania and also stated it hit a new record of 10,000 transactions completed in the month of December 2016 alone. The company also reported 150% YoY growth in 2016, driven primarily by the rapid expansion… Read More

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