One of the UK’s fastest-growing technology businesses, WorldRemit is disrupting the $600bn global money transfer industry. Backed by Accel Partners and Technology Crossover Ventures, two of the world’s leading technology investors, WorldRemit has grown massively since launching in 2010. Revenues have grown from £15m in 2014, to £27m in 2015 and over £41m in 2016. It processed over 700,000 transactions in August 2017; the trend is for 50% year over year growth in volumes. These is forecast to grow to 4m in the next several years.
Valued at $500m in the last equity fundraise, WorldRemit is one of Europe’s leading FinTechs and has won many awards including the UN International Fund for Agricultural Development award for Best Practice in Remittances for Development (2015), the UK’s fastest-growing technology company in Deloitte’s annual Fast 50 Award (2015) and sixth place in the Sunday Times ‘Tech Track’ (2016).