WorldRemit raises $175M to help users send money to contacts in emerging markets
Companies, agencies, institutions, etc
WorldRemit
TCV
Accel
Leapfrog
Breon Corcoran
Paddy Power Betfair
Ahmed
the World Bank
Western Union
MPesa
Amazon
Azimo
Remitly
TransferWise
Breon Corcoran’s
People
Ismail Ahmed
Catherine Wines
Corcoran
Facebook
John Doran
Harry Nelis
Groups
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Physical locations
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Places
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Locations
London
receive’
US
chairman.)“For
Events
the Series
Summary
And Facebook, with its continuing interest in trying to do something in payments and remittances (although with very mixed results), is now dabbling in cryptocurrency, which could be another way to enable passing money from one person to another.That is why, despite any growth hiccups, investors continue to bet big on the space — other big startup winners include Azimo, Remitly and TransferWise — and, specifically here, they continue to invest in WorldRemit so that it can develop its own technology both to compete with these other companies, and to build out its existing business.“Over the past eight years, Ismail and his founding team have built a fantastic business that offers customers a compelling solution and value proposition,” said TCV General Partner John Doran in a statement.
As said here by Ingrid Lunden