WorldRemit Launches in Five New Countries

Online money transfer service WorldRemit has launched in five countries in South America and Eastern Europe. WorldRemit customers can now send money transfers direct to the bank accounts of their friends and family in Chile, Czech Republic, Hungary, Slovenia and Bulgaria.

Founded by Dr Ismail Ahmed, ‘the man changing the world of remittances’ according to the BBC, WorldRemit provides a quick, convenient, and low-cost way for people to send money to friends and family abroad. People in 50 countries can send money to more than 120 destinations. Customers can use WorldRemit anywhere, anytime on their smartphone, tablet, or computer.

Jeff Pietras, VP for International Product Development, WorldRemit said: “WorldRemit is revolutionising the tired world of money transfers through our online and mobile-only service. Our customers can send money instantly to their friends and family abroad with just a few clicks or taps on their smartphone and enjoy fair, transparent pricing”.

In February 2015, WorldRemit received a $100m funding round led by Technology Crossover Ventures.

About WorldRemit

WorldRemit is an online service that lets people send money to friends and family in other countries. Customers can use WorldRemit anywhere, anytime on their smartphone, tablet or computer. For those receiving money, WorldRemit offers a range of options including bank deposit, cash collection, Mobile Money, and mobile airtime top-up.

With low fees and guaranteed exchange rates, WorldRemit is bringing fair, transparent pricing to the money transfer industry. The service is available in 50 countries and sends to more than 120 receive countries.

WorldRemit received a $40m Series A funding round in 2014 from Accel Partners and a $100m Series B funding round led by Technology Crossover Ventures in 2015. WorldRemit’s global headquarters are in London, UK with regional offices in USA, Canada, Australia and New Zealand.