WorldRemit raise $100m to “shake up stale industry”

Level39 member WorldRemit has raised $100m to fund the next stage of their global expansion. 

The company enables users to transfer money using either web-based or mobile devices, and are a drop-in member at Level39. WorldRemit’s series B investment round has been led by Technology Crossover Ventures, and also included previous investors Accel Partners.

WorldRemit founder and CEO, Ismail Ahmed sees this latest funding round as an opportunity to really change things,

 “We have an amazing opportunity to shake-up a stale industry and to save our customers time and money. We are taking money transfers into the mobile age, where people send from apps and receive on Mobile Money services.”


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