WorldRemit revenue is $121.5 million
WorldRemit is worth $1.5 billion valuation
WorldRemit team size is 816 employees
WorldRemit
- London, England, United Kingdom
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.
2010
Founded
$121.5M
2022 Revenue
YOY
$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
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 DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 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
| DISTRIBUTION | QTY |
|---|---|
| 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
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Churn
WorldRemit has an annual churn rate of 0.00%.
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
| Name | Position |
|---|
WorldRemit Executives
| Name | Position |
|---|---|
| Breon Corcoran | CEO |
WorldRemit Employees
| Name | Position |
|---|---|
| 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