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WorldRemit raises $45m, eyes global growth

10th February 2016 Church News.

Digital money transfer service WorldRemit has raised $45 million in financing from Silicon Valley Bank and TriplePoint Venture Growth BDC Corp. The WorldRemit app lets people send money straight from their smartphone, instead of having to visit a money transfer agent. Those receiving money – often in developing countries – can collect the funds as mobile money, bank transfer, for cash pick-up or as a mobile airtime top-up.