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International Money Transfer News

Hello Dear Reader, here you will find collated news about International Money Transfers: providers’ fundraising and valuations, providers’ performance, industry trends, and perspective from consumers. If you come across another interesting article, please add its link in the comments section.

FundingPerformanceOther Data
Azimo
May-2018$20M at undisclosed valuationAnnualized volume: $1B
Oct-2017Triple-digit growth
May-2016$15MM at $100-150MM Valuation
Jun-2015$20MM at $100MM Valuation
Mar-2014$10MM
Sep-2013$1MM
Jan-2013$0.5MM
CurrencyFair
Real-time Cumulative Volume
May-2015Cumulative volume: 2B EUR
Apr-201510MM EUR50 employees
Mar-2014Cumulative volume: $1B
Nov-2013$2.5MM
MoneyGram
Apr-2017$1.2B offer by Ant Financial
Feb-2016Wal-Mart represents 19% of revenues
Jun-2015Share in USA-Mexico: 13%
Remitly
Sep-2018Annual volume: $6B700 employees
Oct-2017$115MM funding at least $345MM ValuationAnnual volume close to $4B400 employees
Jul-2017Annualized volume: $3B
Feb-2017Annualized volume: $2B
Sep-2016$38MMAnnualized volume: $1.5B150 employees
Apr-2016$38.5MM at $170MM Valuation
Jan-2016Annualized volume: $1B
Sep-2015Annualized volume: $500MM100 employees
Jul-2015Volume in 2015: $300MM
Mar-2015$12.5MMVolume in 2014: $100MM, grew 4 times from 2013
Jan-2014$5.5MM
Jan-2013$2.6MM
Apr-20121.7
Oct-2011$0.75MM
TransferWise
May-2019Monthly volume: $5B1,600 employees
Sep-2018Monthly volume: 3B GBP1200 employees
Nov-2017$280MM at $1.6B ValuationMonthly volume: 1.5B GBP
Jun-2017Monthly volume: $1.5B800 employees
May-2017Reaches profitability
Oct-2016Monthly: volume – $1B+, revenue – ~$6MTransferred $2B from USA in 2015
Sep-2016Montly: volume – 0.8B GBP, revenue – 5M GBP
May-2016$26MM at $1.1B ValuationMonthly revenue: $5MM600 employees
Oct-2015Cumulative volume in USA: $1B430 employees
Jun-2015Monthly volume: 500MM GBP350 employees
Jan-2015$58MM at $0.5B ValuationCumulative volume: 3B GBP250 employees
Jun-2014$25MM
Apr-2014Cumulative volume: 1B GBP
Oct-2013Daily volume: 1.2MM EUR, Cumulative: $250MM GBP
May-2013$6MMCumulative volume: $125MM GBP
Apr-2012$1.3MM
Nov-2011Monthly volume: $1.6MM
Sep-2011Cumulative volume: 2.5MM GBP23% MoM growth, 1K repeat customers
Western Union
Feb-201580% of new wu.com customers are net new
Apr-2015$40MM media budget for USA
WorldRemit
Mar-2018$100 million annualized revenue
Dec-2017$40MM at $670MM Valuation400% volume increase from Feb-2015
May-2017USA represents 10% of revenue
Sep-2016Expecting 42M GBP in 2016 revenuesAverage txn size: $261
Feb-2016Grew 80% in 2015Mobile money is 25% of revenues
Nov-2015Will grow 2 times in 2015, $1B annual volume
Jul-2015Laying off staff in USA
Jun-2015Will grow 3 times in 2015
Feb-2015$100MM at $500MM ValuationRevenues in 2014: $24MM, 2013 – $9.3MM250 employees
Mar-2014$40MM
Jan-20104.4MM GBP
Xoom
Nov-2017Active users increased 30+% in 2 years
Apr-2016Expecting 10% growth in 2016 ($200MM in revenue)
Apr-2015Average trnx size for India is $1,500
Interesting articles
May-2019Transferwise against Western Union
Jul-2015Why older people are more likely to oppose ‪‎immigration‬?
Apr-2015Overview of Bitcoin and Ripple for money transfersPaying bills of relatives vs. sending them money
Mar-2015Behavior of Remittance users
Bitcoin
Jul-2016Interview with CEO of Bitspark
May-2016Bitcoin experts debate remittances
Oct-2015Bitcoin does not make remittance cheaper
Sep-2015Abra raises $12M
Apr-2015BitPesa raises $1.1MM
Countries
India
May-2016Are Indians really sending more money home?
Philippines
Apr-201531% are bankedVision and action for Filipino diaspora

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