London fintech business WorldRemit valued at close to £500 million as it raises $40 million
|12/07/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>