Worldremit Raises 45M To Drive Next Phase Of Growth

The latest financing will help WorldRemit expand its network of partners across the world, increasing availability of instant money transfers to customers. Remittances sent via traditional money transfer agents often take days to arrive. Sajal Srivastava, President of TriplePoint Venture Growth BDC Corp., explains: Phil Cox, Head of EMEA and President of UK Branch, at Silicon Valley Bank: “We’re pleased to play a part in driving WorldRemit’s impressive global expansion. Operating across the world gives WorldRemit diversified revenue streams and a huge customer base. This is a great story of tech for good – the social impact of connecting remittances to Mobile Money services in the developing world has been huge and looks set to continue.” Ismail Ahmed, WorldRemit’s CEO & Founder, comments: WorldRemit has now raised $192.7m in funding to date. Image: worldremit