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WorldRemit

WorldRemit logo

Financial bias: 2.8
Team bias: 4.2
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WorldRemit

Summary:
Financial Services

#fx #platform #fintech #exchange #grandeo100


Currency exchange services
Venture:
WORLDREMIT LTD.
active
#07110878

Born: Dec09

GOticker:
worldremit
API:
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Business regulatory status: FCA 574642 01Apr13

valuation



market price valuation
GBP 300m
(as at 03Mar15)

media driven valuation
GBP 300m

valuations methodology

algo says

Experienced team

Top 4 Auditor

Regulated

Is well capitalized

Quality investors

Good customer reviews


Complex business constitution

Operate in very competitive sector

Unprofitable



featured



finances

as at ebit na(nl) equity debt cash
31Dec16 -13,600 18,925 62,833 ukn 28,731
Source: UK Companies House - Audited Accounts PwC GBP 'OOOs
31Dec15 -19,245 32,151 62,833 ukn 16,058
Source: Companies House PwC GBP 'OOOs
31Dec14 -10,039 12,256 25,861 ukn 7,936
Source: Companies House PwC GBP 'OOOs
31Dec13 -1,889 392 3,838 ukn 2,022
Source: Companies House PKF Littlejohn GBP 'OOOs
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controllers

shareholders

Accel
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cap-table

EQUITY GBP ORDINARY

1. EACH SHARE IS ENTITLED TO ONE VOTE. 2. THE COMPANY WILL PAY IN RESPECT OF EACH SERIES A AND SERIES B PREFERRED SHARE A FIXED NON-CUMULATIVE CASH PREFERENTIAL DIVIDEND AT THE ANNUAL RATE OF 8% OF THE ISSUE PRICE PER SERIES A AND SERIES B PREFERRED SHARES (THE "PREFERENCE DIVIDEND”) NO DIVIDEND SHALL BE DECLARED AND PAID IN RESPECT OF THE ORDINARY SHARES UNLESS THE PREFERENCE DIVIDEND IN RESPECT OF THAT FINANCIAL YEAR IS DECLARED AND PAID IN PRIORITY TO ANY DIVIDEND ON THE ORDINARY SHARES. 3. ON A DISTRIBUTION OF ASSETS, ON A LIQUIDATION OR RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES), THE SURPLUS ASSETS SHALL BE APPLIED: (I) FIRST, IN PAYING TO EACH OF THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS, AN AMOUNT PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS FOR EACH SERIES A AND SERIES B PREFERRED SHARE HELD (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO PAY THE AMOUNTS PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS, THE REMAINING SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SERIES A AND SERIES B PREFERRED SHARES), AND (II) SECOND, THE BALANCE OF ANY SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES (INCLUDING ORDINARY SHARES ARISING ON THE CONVERSION OF SERIES A OR SERIES B PREFERRED SHARES) PRO RATA TO THE NUMBER OF ORDINARY SHARES HELD. 4. NOT REDEEMABLE.

27Jul17

EQUITY GBP SERIES A SHARES

1. EACH SHARE IS ENTITLED TO ONE VOTE. 2. THE COMPANY WILL PAY IN RESPECT OF EACH SERIES A AND SERIES B PREFERRED SHARE A FIXED NON-CUMULATIVE CASH PREFERENTIAL DIVIDEND AT THE ANNUAL RATE OF 8% OF THE ISSUE PRICE PER SERIES A AND SERIES B PREFERRED SHARES (THE "PREFERENCE DIVIDEND”) NO DIVIDEND SHALL BE DECLARED AND PAID IN RESPECT OF THE ORDINARY SHARES UNLESS THE PREFERENCE DIVIDEND IN RESPECT OF THAT FINANCIAL YEAR IS DECLARED AND PAID IN PRIORITY TO ANY DIVIDEND ON THE ORDINARY SHARES. 3. ON A DISTRIBUTION OF ASSETS, ON A LIQUIDATION OR RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES), THE SURPLUS ASSETS SHALL BE APPLIED: (I) FIRST, IN PAYING TO EACH OF THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS, AN AMOUNT PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS FOR EACH SERIES A AND SERIES B PREFERRED SHARE HELD (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO PAY THE AMOUNTS PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS, THE REMAINING SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SERIES A AND SERIES B PREFERRED SHARES), AND (II) SECOND, THE BALANCE OF ANY SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES (INCLUDING ORDINARY SHARES ARISING ON THE CONVERSION OF SERIES A OR SERIES B PREFERRED SHARES) PRO RATA TO THE NUMBER OF ORDINARY SHARES HELD. 4. NOT REDEEMABLE.

27Jul17

EQUITY GBP SERIES B PREFERRED SHARES

1. EACH SHARE IS ENTITLED TO ONE VOTE. 2. THE COMPANY WILL PAY IN RESPECT OF EACH SERIES A AND SERIES B PREFERRED SHARE A FIXED NON-CUMULATIVE CASH PREFERENTIAL DIVIDEND AT THE ANNUAL RATE OF 8% OF THE ISSUE PRICE PER SERIES A AND SERIES B PREFERRED SHARES (THE "PREFERENCE DIVIDEND”) NO DIVIDEND SHALL BE DECLARED AND PAID IN RESPECT OF THE ORDINARY SHARES UNLESS THE PREFERENCE DIVIDEND IN RESPECT OF THAT FINANCIAL YEAR IS DECLARED AND PAID IN PRIORITY TO ANY DIVIDEND ON THE ORDINARY SHARES. 3. ON A DISTRIBUTION OF ASSETS, ON A LIQUIDATION OR RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES), THE SURPLUS ASSETS SHALL BE APPLIED: (I) FIRST, IN PAYING TO EACH OF THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS, AN AMOUNT PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS FOR EACH SERIES A AND SERIES B PREFERRED SHARE HELD (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO PAY THE AMOUNTS PER SHARE EQUAL TO £3.7143 TOGETHER WITH A SUM EQUAL TO ANY ARREARS, THE REMAINING SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE SERIES A AND SERIES B PREFERRED SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SERIES A AND SERIES B PREFERRED SHARES), AND (II) SECOND, THE BALANCE OF ANY SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES (INCLUDING ORDINARY SHARES ARISING ON THE CONVERSION OF SERIES A OR SERIES B PREFERRED SHARES) PRO RATA TO THE NUMBER OF ORDINARY SHARES HELD. 4. NOT REDEEMABLE.

27Jul17

people (7)

AHMED, Ismail logo 3 4
AHMED, Ismail
#director #founder #ceo
22Dec09

#British #58yo
WINES, Catherine Pierrette Francoise logo 5 20
WINES, Catherine Pierrette Francoise
#director #cofounder #coo
01Nov11

#British #61yo
ROSENBERG, John Claster logo 5 5
ROSENBERG, John Claster
#director
03Mar15
@tcv

#American #42yo
NELIS, Hendrik Willem, Dr logo 4 7
NELIS, Hendrik Willem, Dr
#director
20Feb14
@accel

#Dutch #54yo
ADDIS, Jonathan William logo 1 1
ADDIS, Jonathan William
#director
01Feb12
@hsbc @rbs @obe

#British #59yo
OHS SECRETARIES LIMITED
#corporate-secretary
27Jul17
OHS SECRETARIES LIMITED logo 1 1
OHS SECRETARIES LIMITED
#corporate-secretary
27Jul17
IGOE, Richard Scott
#director
14Jan11
20Feb14 (res)

MULLINS, John Walker
#director
16May13
31Oct13 (res)

0
WINES, Catherine Pierrette Francoise
#secretary #coo
20Aug10
27Jul17 (res)

news

Lebara hooks up with WorldRemit in money transfer pact
Reuters 10Apr18
WorldRemit sees strong revenues, rapid user growth, eventual IPO
Reuters 07Dec17
WorldRemit Teams Up with Arsenal as Official Online Money Transfer Partner
Crowdfund Insider 17Nov17
Online money transfer service WorldRemit's revenue jumps to £41 million — and it's forecasting 50% growth again this year
Business Insider 26Sep17
Fintech bonanza? A third of financial technology startups expect to IPO within five years
CityAM 08Sep17
5/27/2018 9:38:27 AM

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