WorldRemit revenue is $121.5 million
WorldRemit is worth $1.5 billion valuation
WorldRemit team size is 816 employees
How WorldRemit hit $121.5M Revenue with 2M customers in 2022.
WorldRemit Revenue
In 2022, WorldRemit revenue run rate hit $121.5M in revenue.
CEO/Founder
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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WorldRemit Funding History
| FUNDING DATE | ROUND | AMOUNT | TOTAL | 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
Employees
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%) |
Customers
WorldRemit has 2M customers.
LIFETIME MONTHS
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x
MONTHLY ARPU
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=
LIFETIME DOLLAR
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ACQUISITION COST
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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
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.
Monthly Revenue
$10.1M
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Total Expenses
$0.0
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Net Income
$0.0
EBIDTA MARGIN
0.0%
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YOY GROWTH
41.85%
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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