WorldRemit racks up $45M with an eye for partnerships
UK firm WorldRemit raised $45 million as it looked to consolidate its position in the competitive market for mobile phone-based remittance payments. A year ago, the firm raised $100 million and said the funds were earmarked for expansion.
Azimo, WorldRemit strike M-Pesa deal
Romania became the first country in Europe to enable the receipt of international remittance payments direct to a mobile phone, as UK firms Azimo and WorldRemit separately struck partnership deals with Vodafone Romania.
Xendpay CEO: Facebook wanted to buy us last year
Fast-growing UK mobile remittance firm Xendpay turned down a takeover offer from Facebook in 2014, choosing to preserve its independence, founder and CEO Rajesh Agrawal told Mobile World Live. “It was very early at this stage.
Money transfer firm Azimo raises $20M, taps Facebook connection
Azimo, the UK mobile remittance firm with links to Facebook, raised $20 million for expansion into mainland Europe. The firm, which is reported as now having a $100 million valuation, is looking to the larger countries on the continent.
WorldRemit to use some of bumper $100M round to expand partnerships with operators
Mobile remittance firm WorldRemit raised $100 million in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners.
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