Home » General World News » London fintech business WorldRemit valued at close to £500 million as it raises $40 million

London fintech business WorldRemit valued at close to £500 million as it raises $40 million





ismail ahmed worldremit

  • WorldRemit raises $40 million (£29.7 million) “Series C” from LeapFrog Investments, Accel Partners, and Technology Crossover Ventures.
  • The money will be put towards global expansion, with WorldRemit targeting 10 million customers by 2020.

LONDON — Mobile money transfer service WorldRemit has raised $40 million (£29.7 million) from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures.

WorldRemit announced the “Series C” fundraising on Thursday. It takes the total raised by the London-headquartered company to $220 million (£163.8 million).

Sources close to the deal said WorldRemit was valued at just under £500 million in the round, almost 50% more than its last valuation read more >>>

Source:: BusinessInsider.Com

Comments are closed.