13 Mar



WorldRemit scoops $40 million investment from Accel Partners

Global online money transfer service disrupting inefficient and high cost traditional remittance business models “WorldRemit offers migrant workers and expats unparalleled speed, convenience and transparency when sending money home. We expect the online money transfer sector to account for approximately 30% of the remittance market in the next few years and that WorldRemit will be at the forefront of this change. We offer the most extensive range of pay-out options unmatched by any money transfer firm, including payments to mobile wallets and international airtime top up, which enable recipients to receive their money even where there is limited or no banking infrastructure.”“Accel Partners with their global network and extensive expertise in the payments industry is the perfect fit for WorldRemit. We are excited to continue our rapid growth trajectory with their support,”“WorldRemit is moving remittance online, disrupting a traditionally offline business and democratising payments. We are excited to be partnering with a team with the deep industry expertise that has enabled them to build the robust technology and strong compliance needed for a secure, trusted and world-class remittance business.”

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