WorldRemit lands $40m Series C to expand into new markets

Dec 8, 2017 · uktech.news

Worldremit ceo 898x505

Well-known digital money transfer service WorldRemit has raised $40m in Series C funding, bringing its total raised to date to $220m.

Customers using WorldRemit can currently transfer money from more than 50 countries to just over 140 destinations.

The money will be used to expand WorldRemit’s service into new operating markets, deliver new products and services and scale its proprietary technology.

WorldRemit’s round was led by LeapFrog Investments alongside participation from Accel and TCV.

Ismail Ahmed, founder and CEO at WorldRemit, said: "This new funding will fuel our growth, and help bring our service to millions more customers across the globe. We are pleased to attract LeapFrog Investments, a strategic investor whose profit with a purpose mission is aligned with ours."

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