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WorldRemit revenue is $121.5 million

WorldRemit is worth $1.5 billion valuation

WorldRemit team size is 816 employees


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WorldRemit

- London, England, United Kingdom

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How WorldRemit hit $121.5M Revenue with 2M customers in 2022.

Provider of an online digital money transfer platform intended to help people to send money to friends and family living abroad. The company's platform provides international transfers to mobile money account where a customer's phone numbers acts like a bank account to hold funds and transfer money using debit cards, credit cards and local payment methods, enabling users to send money easily and securely with guaranteed exchange rates and low processing fees.

Founded

2010

Founded

Revenue

$121.5M

2022 Revenue

YOY
-----

YOY

Funding

$362.6M

Funding


WorldRemit Revenue

In 2022, WorldRemit revenue run rate hit $121.5M in revenue.

  • 2018

    WorldRemit hit $121.5M in revenue in 2018

  • 2017

    WorldRemit hit $85.6M in revenue in 2017

  • 2010

    WorldRemit launched in 2010 with $0 revenue

42.00% ▲$85.6M$121.5M

WorldRemit Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2019

    WorldRemit raised a of $175M

  • 2017

    WorldRemit raised a of $40M

  • 2015

    WorldRemit raised a of $100M

  • 2014

    WorldRemit raised a of $40M

  • 2013

    WorldRemit raised a of $1.6M

  • 2013

    WorldRemit raised a of $2.1M

  • 2012

    WorldRemit raised a of $1.3M

  • 2011

    WorldRemit raised a of $2.1M

  • 2010

    WorldRemit raised a of $546K

FUNDING DATEROUNDAMOUNTVALUATION
06/03/2019 $175M
12/07/2017 $40M
02/17/2015 $100M
03/11/2014 $40M
10/01/2013 $1.6M
01/01/2013 $2.1M
01/01/2012 $1.3M
01/01/2011 $2.1M
01/01/2010 $546K

Team

WorldRemit has 816 total employees and 19 sales reps that carry a quota. They have 2000000 customers an engineering team of 44 and a marketing team of 7

2021
DISTRIBUTIONQTY
Total team size
816
Engineer
44(5%)
Sales
19(2%)
Marketing
7(1%)

CEO/Founder

Breon Corcoran

Formerly CEO of Paddy Power Betfair plc, in 2016 Breon Corcoran led the merger of Betfair and Paddy Power to form one of the world’s largest online gaming companies. Prior to this, Breon was the CEO at Betfair until 2016 and COO of Paddy Power until 2011. In the 1990s, Breon was a Vice-President, Equity Derivative Trading, at J.P Morgan and hasalso worked at Bankers Trust. He has a BA (Mathematics) from Trinity College, Dublin and an MBA from INSEAD. In 2016, Breon was awarded the UK’s Sunday Times’ ‘Business Leader of the Year’ award. He is currently a non-executive director at the wealth management company, Tilney Group.

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Customers

WorldRemit has 2M customers.

Lifetime Months

-

x

Monthly ARPU

-

=

Lifetime Dollar

-

Acquisition Cost

-

Average Annual Price

-

$0$0024681012
$0$0024681012

Churn

WorldRemit has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%


About WorldRemit

Monthly Revenue

$10.1M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

41.85%

=

Rule of 40

42


WorldRemit Board of Directors

NamePosition

WorldRemit Executives

NamePosition
Breon Corcoran CEO

WorldRemit Employees

NamePosition
Breon Corcoran CEO

Frequently Asked Questions about WorldRemit

When was WorldRemit founded?

WorldRemit was founded in 2010.

How much revenue does WorldRemit generate?

WorldRemit generates $121.5M in revenue.

Who is the CEO of WorldRemit?

The CEO of WorldRemit is Breon Corcoran.

How much funding does WorldRemit have?

WorldRemit was raised $362.6M.

How many employees does WorldRemit have?

WorldRemit has raised 816 employees.

Where is WorldRemit headquarters?

WorldRemit headquater is at United Kingdom