London-based quick money transfer startup WorldRemit has now entered into a definitive agreement to raise $175 million (€155.6 million) in a Series D funding round led by returning investors, TCV, Accel and Leapfrog Investments. These investors have also been early investors in Facebook, Netflix and Slack.
Aims to help migrants for quick money transfer
The Series D funding round comes at a pivotal stage in the company’s growth. In 2018, the USA became WorldRemit’s largest send market, following the company becoming one of the first UK financial service firms to secure licenses in all 50 states.