WorldRemit
Online money transfer business. Western Union rival.
Launch date
Employees
Market cap
-
Enterprise valuation
€4.5b (Public information from Aug 2021)
Company register number 07110878
London England (HQ & founding location)
Financials
Estimates*
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 57.2m | 85.8m | 81.5m | 120m | 154m | 399m | 399m |
| % growth | 39 % | 50 % | (5 %) | 47 % | 29 % | 158 % | - |
| EBITDA | (12.5m) | 42.6m | (36.4m) | (37.7m) | (75.0m) | - | - |
| % EBITDA margin | (22 %) | 50 % | (45 %) | (31 %) | (49 %) | - | - |
| Profit | (20.1m) | (44.8m) | (49.8m) | (10.2m) | (95.4m) | - | - |
| % profit margin | (35 %) | (52 %) | (61 %) | (9 %) | (62 %) | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | $550k | Seed | |
| N/A | $2.1m | Early VC | |
| N/A | $1.3m | Early VC | |
| N/A | $2.1m | Early VC | |
| N/A | $1.6m | Early VC | |
$40.0m | Series A | ||
* | $100m | Series B | |
$45.0m Valuation: $455m 12.9x EV/LTM Revenues -20.2x EV/LTM EBITDA | Debt | ||
£30.0k | - | ||
* | $40.0m Valuation: $668m 12.3x EV/LTM Revenues -46.0x EV/LTM EBITDA | Series C | |
* | $175m Valuation: $900m 7.9x EV/LTM Revenues 16.0x EV/LTM EBITDA | Series D | |
$292m Valuation: $5.0b 31.6x EV/LTM Revenues -100.5x EV/LTM EBITDA | Series E | ||
| Total Funding | €595m | ||
