Travers Smith LLP has advised leading mobile payments company WorldRemit on its agreement to raise $175 million in a Series D funding round led by returning investors, TCV, Accel and Leapfrog Investments.
Founded in 2010, WorldRemit is a global leader in smartphone and online payments - providing a convenient, low-cost alternative to expensive brick-and-mortar agents.
WorldRemit handles a growing share of the $700 billion remittances sent each year by expatriates and migrant workers to their home countries. Today, the company serves almost four million customers transferring money from 50 “send” countries to 150 “receive” countries.
The Travers Smith Team was led by Corporate Finance Partner Richard Spedding and also included Corporate Senior Associate Sami Osman and Corporate Associate Victoria Robinson. Specialist advice was provided by Financial Services & Markets Partner Stephanie Biggs, Tax Partner Russell Warren, Tax Associate Thomas Rickford, and Finance Senior Associate Fiona Swords.