Tracxn, profile picture
Uploaded byTracxn
PDF, PPTX1,097 views

Tracxn - Remittance Startup Landscape

The document provides an overview of the remittance sector and market as of July 2018. It discusses key investment trends, including total funding amounts and notable deals. It also summarizes details on major companies and markets in the sector, including retail payments, B2B payments, enablers, and blockchain companies. The document is a feed report on the remittance sector from Tracxn Technologies.

Embed presentation

Download as PDF, PPTX
1 / 175
2 / 175
3 / 175
4 / 175
5 / 175
6 / 175
7 / 175
8 / 175
9 / 175
10 / 175
11 / 175
12 / 175
13 / 175
14 / 175
15 / 175
16 / 175
17 / 175
18 / 175
19 / 175
20 / 175
21 / 175
22 / 175
23 / 175
24 / 175
25 / 175
26 / 175
27 / 175
28 / 175
29 / 175
30 / 175
31 / 175
32 / 175
33 / 175
34 / 175
35 / 175
36 / 175
37 / 175
38 / 175
39 / 175
40 / 175
41 / 175
42 / 175
43 / 175
44 / 175
45 / 175
46 / 175
47 / 175
48 / 175
49 / 175
50 / 175
51 / 175
52 / 175
53 / 175
54 / 175
55 / 175
56 / 175
57 / 175
58 / 175
59 / 175
60 / 175
61 / 175
62 / 175
63 / 175
64 / 175
65 / 175
66 / 175
67 / 175
68 / 175
69 / 175
70 / 175
71 / 175
72 / 175
73 / 175
74 / 175
75 / 175
76 / 175
77 / 175
78 / 175
79 / 175
80 / 175
81 / 175
82 / 175
83 / 175
84 / 175
85 / 175
86 / 175
87 / 175
88 / 175
89 / 175
90 / 175
91 / 175
92 / 175
93 / 175
94 / 175
95 / 175
96 / 175
97 / 175
98 / 175
99 / 175
100 / 175
101 / 175
102 / 175
103 / 175
104 / 175
105 / 175
106 / 175
107 / 175
108 / 175
109 / 175
110 / 175
111 / 175
112 / 175
113 / 175
114 / 175
115 / 175
116 / 175
117 / 175
118 / 175
119 / 175
120 / 175
121 / 175
122 / 175
123 / 175
124 / 175
125 / 175
126 / 175
127 / 175
128 / 175
129 / 175
130 / 175
131 / 175
132 / 175
133 / 175
134 / 175
135 / 175
136 / 175
137 / 175
138 / 175
139 / 175
140 / 175
141 / 175
142 / 175
143 / 175
144 / 175
145 / 175
146 / 175
147 / 175
148 / 175
149 / 175
150 / 175
151 / 175
152 / 175
153 / 175
154 / 175
155 / 175
156 / 175
157 / 175
158 / 175
159 / 175
160 / 175
161 / 175
162 / 175
163 / 175
164 / 175
165 / 175
166 / 175
167 / 175
168 / 175
169 / 175
170 / 175
171 / 175
172 / 175
173 / 175
174 / 175
175 / 175
JULY 2018 REMITTANCE
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 2 TAKE SHARPER DECISIONS WITH TRACXN ✓ Analyst team Covering 250+ Sectors ✓ Proprietary Business Model tagging ✓ 6000+ On-demand Queries answered ✓ Sector Reports, Market Maps ✓ One-Click Connect with Founders Join 500+ Investors & Corporates to get the Tracxn Advantage
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 3 Feed Summary Investment Trend Summary Exit Outlook Summary BlueBox Summary of Key Markets Notable Companies in the Sector Recent News
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on July 2, 2018. Remittance Feed Summary 4 Remittance > Feed Summary Cross border money transfer and bill payments. • Inclusions: Companies which provide platforms to send and receive money, recharge and pay bills across borders and B2B payments. It covers companies which enable cross border money transfer institutions (White label, Network). Also covers B2C Forex data platforms. • Exclusions: Cross border payment gateways • Excludes funding information of Chinese companies Feed in Numbers Overview $3.1B Funding 26 Mega Companies 182824 FundedCovered on Tracxn 6 Unicorns 22 Soonicorns 32 Minicorns 13 IPO’d Cos 59 Late Stage Cos 21 13 Acquisitions 86 DeadPooled 31 Acquihired Series A+ Cos Revolut (2014, London, $340M) WorldRemit (2010, London, $220M) Ripple (2012, San Francisco, $90.5M) Top Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Investment Trend Summary Summary of Funding Activity in Remittance 5 $280M - Series E TransferWise (2010, London, $397M) $110M - Series E Circle (2013, Boston, $246M) $250M - Series C Revolut (2014, London, $340M) $66M - Series B Revolut (2014, London, $340M) $180M - Series E Payoneer (2005, Petah Tikva, $270M) $62.1M - PE Imperial FX (1980, London, $62.1M) $115M - Series D Remitly (2011, Seattle, $227M) $60M - Series D Circle (2013, Boston, $246M) $115M - Series A TNG Wallet (2013, $115M) $57.5M - Angel Uphold (2014, San Francisco, $73M) Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend *YTD *YTD Remittance > Feed Summary > Investment Trend Summary Seed ACE and Company (#2), Fenway Summer Ventures (#2), Pantera Capital (#2) Series A/B Digital Currency Group (#4), Accel Partners (#2), Beenext (#2) Series C+ Rakuten Capital (#2), Sapphire Ventures (#2), Andreessen Horowitz (#1) Incubators 500 Startups (#9) Startupbootcamp (#8) Techstars (#6) Other Notable Investors Accion (#4), BnkToTheFuture (#3), Kima Ventures (#3) Debt Investors Silicon Valley Bank (#6), Idinvest Partners (#2), Mercia Technologies(#1) Most Active InvestorsRecent Investments 35 39 51 51 43 11 $66M $244M $530M $552M $850M $485M 2013 2014 2015 2016 2017 2018* $ Funding # Rounds $1.4B $1B $272M $69.7M $24M Europe US Israel SEA Australia $ Funding 73 124 168 89 31 4 2013 2014 2015 2016 2017 2018* Y-o-Y # of Companies Founded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Summary of exit outlook in Remittance Exit Outlook Summary 66 Most Active AcquirersTop Investors in Exits Index Ventures 2 TransferWise (2010, London, $397M) Revolut (2014, London, $340M) Seedcamp 2 TransferWise (2010, London, $397M) Revolut (2014, London, $340M) Herald Investment Management 2 eServGlobal (1983, Paris) Earthport (1997, London) ACE and Company 1 TransferWise (2010, London, $397M) Balderton Capital 1 Revolut (2014, London, $340M) Jun 2018 Hyperwallet Systems Acq by PayPal Careers for $400M Apr 2018 Skrill Acq by Optimal Payments for $1.2B Aug 2017 Cambridge Global Payments Acq by FleetCor Technologies for $690M Jan 2017 MoneyGram Acq by Ant Financial for $880M Jul 2015 Xoom Acq by PayPal for $890M Aug 2014 Moneycorp Acq by Bridgepoint Capital for $352M Remittance > Feed Summary > Exit Outlook Summary Bridgepoint Capital 1 Moneycorp (Aug 2014, $352M) PayPal 1 Xoom (Jul 2015, $890M) Equistone Partners Europe 1 Small World FS (Mar 2018, $113M) First Data 1 Vigo Remittance Corporation (Oct 2005, $364M) FleetCor Technologies 1 Cambridge Global Payments (Aug 2017, $690M) Recent IPOs Top Acquisitions MoneySuperMarket Jul 2007 A comparison site for financial products.… IPO MCap: - Current MCap: - Western Union Oct 2006 Money transfer service IPO MCap: - Current MCap: $9.3B eServGlobal Oct 2005 Mobile Money & Mobile Financial Services IPO MCap: - Current MCap: - Transcorp Oct 2001 Remittance and other financial services p… IPO MCap: - Current MCap: $14.4M FairFX Aug 2014 Prepaid currency cards, travel cash and i… IPO MCap: $51.3M Current MCap: - OFX Nov 2013 International money transfer service prov… IPO MCap: $454M Current MCap: - Midpoint Dec 2010 Peer to peer Foreign Exchange and Interna… IPO MCap: $1.9M Current MCap: - Peppermint Innovation May 2008 Proprietary Mobile Banking Technology pro… IPO MCap: $7.9M Current MCap: -
For any Feedback and Query reach out to MyAnalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.* Upcoming Business Model Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies FACTSHEET Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Overview Companies 824 Funded 182 Series A+ 59 Funding $3.1B Last 2 yrs $1.5B Most Active Investors Seed Pantera Capital (2) Series A/B Digital Currency Group (4) Series C+ Rakuten Capital (2) Others Accion (4) Incubators 500 Startups (9) Top Cities London 169 Cos $1.3B Bay Area 37 Cos $409M Feed in Numbers Unicorns 6 Soonicorns 22 Minicorns 32 Editor Picks 132 Acquihired 31 Deadpooled 86 Top Companies Ripple (2012, San Francisco, $90.5M) Revolut (2014, London, $340M) WorldRemit (2010, London, $220M) Exits IPOs 13 OFX, FairFX Acquisitions 13 Hyperwallet Systems, Skrill Top Acquirers Bridgepoint Capital, PayPal Marketmap: Remittance OFFLINE CHANNELS AGENT NETWORK INTERNATIONAL BILL PAYMENTS EDUCATION PAYMENTS UTILITY BILL PAYMENTS BLOCKCHAIN BLOCKCHAIN* ENABLERS REMITTANCE AS A SERVICENETWORK BLOCKCHAIN* ONLINE CHANNELS BANKING CHANNELS WALLET Remittance > Feed Summary > BlueBox 7
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Key Sub Sectors in Remittance Sector Summary of Key Markets 8 Top Markets of Investment Activity # Cos on Platform Last 2 Years $ Invested # Round Retail Payments > Local In-Local Out 248 $537M 14 B2B Payments > Banking Channels 58 $300M 15 Retail Payments > Wallet Money > Multi Currency Account 28 $411M 9 Retail Payments > Wallet Money 82 $119M 6 Sub Sectors # Cos Tracked # Funded Total Funding Retail Payments Companies that help individuals to transfer money internationally 576 116 $2.2B B2B Payments Companies that offer cross border money transfer and mass payout solutions to businesses 70 28 $645M Enablers Companies that offer APIs and technology to enable remittance 56 17 $223M Forex Companies that enable users to compare and exchange foreign currency 82 10 $8.3M Aggregator Companies that enable users to compare remittance rates across various money transfer... 40 11 $1.6M Remittance > Feed Summary > Summary of Key Markets
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies in Remittance Notable Companies in the Sector 9 Note: *(Founded Year, Location, Total Funding) Remittance > Feed Summary > Notable Companies in the Sector Public OFX (1998, Sydney)* FairFX (2006, London) Earthport (1997, London) Midpoint (1998, London, $1.1M) Wave Systems (2014, Lee, $825k) Euronet Worldwide (1994, Leawood) MoneySuperMarket (1993, Ewloe) Transcorp (1984, Jaipur) Boss Revolution (2008, Newark) eServGlobal (1983, Paris) Public Peppermint Innovation (2014, Perth) Telupay (2010, Makati) Western Union (1851, Englewood) Acquired Skrill (2001, London) Xoom (2001, San Francisco, $106M) MoneyGram (1940, Dallas) Cambridge Global Payments (1992, Toronto, $20M) Hyperwallet Systems (2000, California) Vigo Remittance Corporation (1986, Sunrise) Moneycorp (1962, London) Currencies Direct (1996, London) Intermex (1994, Miami) Acquired HiFX (1997, Windsor) Small World FS (2005, London) Unicorns TransferWise (2010, London, $397M) Revolut (2014, London, $340M)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (1/6) 11 Remittance > Feed Summary > Notable Companies by Market Retail Payments Local In-Local Out TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Local In-Local Out Xoom (2001, San Francisco, $106M) International personal remittances Stage: Acquired Sequoia Capital, New Enterprise Associates, DAG Ventures and 7 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform Editor's Pick. Stage: Public Local In-Local Out Euronet Worldwide (1994, Leawood) Electronic payments provider Unicorn. Stage: Public Innova Capital, Advent International, Euroventures Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded OFX (1998, Sydney) International money transfer service provider. Soonicorn. Stage: Public Accel Partners, The Carlyle Group Transcorp (1984, Jaipur) Remittance and other financial services provider Editor's Pick. Stage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (2/6) 12 Remittance > Feed Summary > Notable Companies by Market Retail Payments Local In-Local Out Small World FS (2005, London) An international money transfer service provider Stage: Acquired FF and P Private Equity, MMC Ventures, Stonehage Fleming Private Equity and 2 Other Investors FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer Stage: Public HiFX (1997, Windsor) Foreign exchange and international money transfer Stage: Acquired Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Stage: Acquired RBS Group, Pollen Street Capital Telupay (2010, Makati) Mobile and Payment making platform provider. Stage: Public Wallet Money Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors TNG Wallet (2013, $115M) Hong Kong-based mobile wallet Soonicorn. Stage: Series A NewMargin Ventures Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka Wave Systems (2014, Lee, $825k) International remittance app Editor's Pick. Stage: Public Y Combinator, Southeast Interactive, Genesys Partners and 1 Other Investors Wallet Money Skrill (2001, London) Online money transfer and wallet provider Unicorn. Stage: Acquired Idinvest Partners, CVC Capital Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (3/6) 13 Remittance > Feed Summary > Notable Companies by Market Retail Payments Blockchain Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Soonicorn. Stage: Series E Bitmain, Breyer Capital, General Catalyst Partners and 16 Other Investors Offline MoneyGram (1940, Dallas) Leading Money transfer service Unicorn. Stage: Acquired Goldman Sachs, Blum Capital Partners TransFast (1988, New York City) International, money transfer and payments company Soonicorn. Stage: Acquired Apis Partners, Comvest Partners Intermex (1994, Miami) Money transfer service provider Soonicorn. Stage: Acquired Banyan Mezzanine Funds Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform. Editor's Pick. Stage: Acquired Great Hill Partners Offline Western Union (1851, Englewood) Money transfer service Stage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (4/6) 14 Remittance > Feed Summary > Notable Companies by Market Retail Payments Alternative Remittance Flywire (2009, Boston, $43.2M) Global money transfer in local currency Soonicorn. Stage: Series C Bain Capital Ventures, Spark Capital, Accel Partners and 9 Other Investors Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services Stage: Public B2B Payments Banking Channels Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North and 1 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital Blockchain Platform BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Soonicorn. Stage: Series A Greycroft Partners, Plug and Play Tech Center, Draper Associates and 10 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (5/6) 15 Remittance > Feed Summary > Notable Companies by Market Aggregator Sender Fee MoneySuperMarket (1993, Ewloe) A comparison site for financial products. Unicorn. Stage: Public Enablers Enablers eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services Stage: Public Herald Investment Management Network Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Soonicorn. Stage: Series B Standard Chartered, SBI Holdings, Digital Ventures and 27 Other Investors PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Soonicorn. Stage: Series B Tritium Partners Earthport (1997, London) Financial services organisation specialising in cross-border payments Editor's Pick. Stage: Public Herald Investment Management, HU Investments
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (6/6) 16 Remittance > Feed Summary > Notable Companies by Market Enablers Remittance-as-a-Service Currency Cloud (2012, London, $63.5M) Cross-border payment services provider Soonicorn. Stage: Series D GV, Sapphire Ventures, Anthemis Group and 9 Other Investors Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider Stage: Public
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies in Remittance in China Notable Companies in the Sector in China 17 Remittance > Feed Summary > Notable Companies in the Sector in China Public Foreign Exchange (2015, Hong Kong) MoneySwap (1999, Hong Kong)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News 18 Jun 2018 Ripple Forges into India with the Help of a Major Bank, nulltx.com Jun 2018 Payoneer Lights Up the Digital Marketing Industry with Rapid Growth, Corporate Partnerships and Working Capital Offering, GlobeNewswire Jun 2018 UAE Exchange targets 10% remittance growth on higher liquidity, The National Jun 2018 Indian Bank Kotak Mahindra Announces RippleNet Integration, Crypto News Jun 2018 FairFX launches international business account for small businesses, Finextra Jun 2018 Crypto Startup Uphold Moves to Become Licensed U.S. Broker- Dealer, globalbitcoin.co.uk Jun 2018 Digital Money Platform Uphold to Acquire New York-Based Broker- Dealer JNK Securities, Business Wire Jun 2018 Fexco invests €500,000 in fintech firm Cambrist, Independent.ie Jun 2018 Payoneer Teams Up with e-Residency for Cross-border Payments in India, BW Businessworld Jun 2018 Goldman Sachs-backed Circle sees boom in crypto demand from institutional investors, despite bear market, CNBC Jun 2018 RakBank, Xpress Money partner for payment service, Trade Arabia Jun 2018 Fintech friends: Monzo partners with TransferWise for international payments, Tech News Universe Jun 2018 PayPal’s Xoom arm hikes remittance limit to India, Indiatimes Key Recent News Key Recent News Jun 2018 Business Mergers and Technology Updates, blogspot.com Jun 2018 Wildflower Health Acquires Circle, an Innovative Mobile Health Business Incubated by Providence St. Joseph Health, PR Newswire Jun 2018 Ripple, Monero Find New Storage Option With Edge Mobile Wallet, PR Newswire Jun 2018 PayPal's investment case looks robust in the wake of Hyperwallet Systems acquisition, says Wedbush, Proactive Investors Jun 2018 Ding, Etecsa ink Cubacel SIM and handset deal, Telecompaper Jun 2018 Crypto Startup Circle Reveals How It Chooses New Token Listings, CoinDesk Jun 2018 U.S. PayPal buys global payouts platform HyperWallet for $400 mln, investsize.com Jun 2018 PayPal Significantly Enhances Global Payout Capabilities With Acquisition of Hyperwallet, Business Wire Jun 2018 InstaReM launches in the UK, Finextra Jun 2018 First Global Enters into Strategic Partnership to Expand Philippines Remittances from Canada, CNW Jun 2018 WorldFirst May Beat PayPal In Securing China Payment License, PYMNTS Jun 2018 Kwesé TV sealed deal with WorldRemit, NexTV News Africa Jun 2018 Revolut App Update: Announces New Accounts, Analytics, & Payment Screens, Crowdfund Insider Remittance > Feed Summary > Recent News
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 19 Funding Trends Median Deal Size and Trend New Entrants in Funding Club Distribution of companies by Funding Range Funding Funnel of the Sector Top Investments and Investors Investors in Unicorn club
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 $69M $39M $66M $244M $530M $552M $850M $485M 0 10 20 30 40 50 60 $0k $100M $200M $300M $400M $500M $600M $700M $800M $900M 2011 2012 2013 2014 2015 2016 2017 2018* $ Funding # Rounds Investments ($M) and number of rounds in Remittance; 2011-2018 Global Funding Trends (1/2) 21 Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies Remittance > Investment Trends > Global Funding Trends #Rounds $Funding 3 Year CAGR 6 Year CAGR 3% # of Rounds52% $ Funding 26% # of Rounds 52% $ Funding
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 5 11 21 18 30 25 19 3 5 4 13 17 15 20 17 4 1 1 1 4 6 6 7 4 2011 2012 2013 2014 2015 2016 2017 2018 YTD Seed Early Stage Late Stage 11 11 Total # of Rounds $4M $9M $18M $11M $19M $15M $12M $59M $40M $13M $48M $207M $313M $179M $317M $17M $25M $17M $26M $199M $358M $522M $410M 2011 2012 2013 2014 2015 2016 2017 2018 YTD Seed Early Stage Late Stage $45M $0K $0K $120M $411M $420M $762M $468M 0 1 2 3 4 5 6 7 8 9 10 0 100000000 200000000 300000000 400000000 500000000 600000000 700000000 800000000 900000000 2011 2012 2013 2014 2015 2016 2017 2018 YTD $ Funding # of Rounds 22 Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies Stage-wise Number of RoundsStage-wise $ Invested New Entrants in Funded ClubMega Rounds Global Funding Trends (2/2) Investments ($M) and number of rounds in Remittance; 2011-2018 Remittance > Investment Trends > Global Funding Trends 16 15 18 22 17 17 105 $2.4M $2.8M $0.0M $1.0M $2.0M $3.0M $4.0M $5.0M $6.0M $7.0M $8.0M $9.0M $10.0M 0 20 40 60 80 100 120 2012 2013 2014 2015 2016 2017 2018 YTD Total Entrants in Funding Club Avg. Ticket Size 2 - - 4 8 7 9 5 $2.4M $2.1M $2M $0.5M $3M $9.5M - $2.8M $69M $485M Total $ Invested
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201823 Remittance > Investment Trends > Funding Trends by Geography Investments ($M) and number of rounds in Remittance Funding Trends by Geography Funding Trends by Geography Top Cities of Funding City $ Funding # Rounds London 1.3B 78 Bay Area 409M 41 Boston 289M 11 Petah Tikva 270M 9 Seattle 215M 7 Singapore 51.2M 15 Chicago 35.4M 5 Dublin 33.2M 6 Paris 25.9M 5 Leawood 25M 3 Total Funding 103 98 13 31 5 1 5 2 # Rounds $1.4B $1B $272M $69.7M $24M $11M $6.6M $6M Europe US Israel SEA Australia Bangladesh India Mauritius Note: Excludes funding information of China companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201824 Trend of Average Deal Size ($M) $0.9 $1.0 $1.0 $0.7 $0.9 $0.9 $1.0 2011 2012 2013 2014 2015 2016 2017 $3.0 $3.3 $3.9 $13.4 $10.2 $5.5 $21.5 $15.3 $0.0 $6.3 $14.3 $32.7 $13.5 $20.8 $25.0 $17.0 $0.0 $13.0 $33.2 $59.6 $104.3 Remittance > Investment Trends > Median Deal Size and Trend Median and Average Deal Size in $M (per Stage) in Remittance; 2011-2017 Median Deal Size and Trend Note: Excludes funding information of Chinese companies. *Graph not to scale Median Deal Size and Range $10.9K* $57.5M $320K $115M $250K $100M $825K $280M $38M $10.8M $4.5M $603K Series C+ Series B Series A Seed Stage
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: 82 companies with undisclosed funding amount are not included 25 <$1M $1-10M $10-50M $50-100M $100M+ Funding Range 34 33 22 6 9 No. of Companies Remittance > Investment Trends > Distribution of companies by Funding Range No. of companies by funding range in Remittance; as of Jul 2018 Distribution of companies by Funding Range $10M $101M $491M $413M $2.B $ Investment
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Stage No. of Companies Funding Funnel 100% 22% 7% 5% 3% 26 Note: Numbers in the brackets show the count of companies Time to raise next round 21 39 59 182 824 Series C+ Series B Series A Funded Founded Next Round 100M+ Valuation Exits Acqui- Hired Dead Pooled Others 22% 5% (41) 3% (24) 4% (33) 10% (86) 63% (523) 32% 19% (34) 10% (18) 7% (13) 9% (17) 51% (93) 66% 39% (23) 12% (7) 8% (5) 7% (4) 19% (11) 54% 51% (20) 15% (6) 5% (2) 3% (1) 38% (15) - 76% (16) 29% (6) 5% (1) 5% (1) 19% (4) Remittance > Investment Trends > Funding Funnel Number of companies progressing to subsequent funding stages in Remittance Funding Funnel 14 Months 15 Months 19 Months Investment backedBootstrapped 22 6 12 8 Soonicorns Unicorns Acquisitions IPOs
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201827 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (1/5) LATE STAGE $280M - Series E Nov 2017 TransferWise (2010, London, $397M) International money transmitter based on currency swaps Old Mutual Global Investors, IVP, Sapphire Ventures, Mitsui & Co, World Innovation Lab, Andreessen Horowitz, Baillie Gifford, Richard Branson $250M - Series C Apr 2018 Revolut (2014, London, $340M) Cloud money app for currency exchange. Index Ventures, Ribbit Capital, DST Global, Draper Esprit, Lakestar, Baring Vostok $180M - Series E Oct 2016 Payoneer (2005, Petah Tikva, $270M) Global money transfer service Susquehanna Growth Equity, Technology Crossover Ventures LATE STAGE $115M - Series D Oct 2017 Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Stripes Group, DFJ, DN Capital, PayU $110M - Series E May 2018 Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Bitmain, Breyer Capital, General Catalyst Partners, Accel Partners, Blockchain Capital, Digital Currency Group, IDG Capital, Pantera Capital, Tusk Ventures $62.1M - PE Mar 2017 Imperial FX (1980, London, $62.1M) Cash based leveraging agent to transfer money. $40M - Series C Dec 2017 WorldRemit (2010, London, $220M) Online remittance platform provider. LeapFrog Investments, Accel Partners, Technology Crossover Ventures, JPMorgan, Omidyar Network LATE STAGE $38M - Series C Sep 2016 Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. IFC, Silicon Valley Bank $30M - Series C Feb 2018 Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. $24.4M - Series D Mar 2017 Currency Cloud (2012, London, $63.5M) Cross-border payment services provider GV, Sapphire Ventures, Anthemis Group, Notion, Rakuten Capital $20M - Series C May 2018 Azimo (2012, London, $66.5M) P2P money transfer provider e.ventures, Frog Capital, Greycroft Partners, Quona Capital, Silicon Valley Bank, MCI Capital, Rakuten Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201828 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (2/5) LATE STAGE PE Mar 2017 TransFast (1988, New York City) International, money transfer and payments company Apis Partners Series E Dec 2017 Payoneer (2005, Petah Tikva, $270M) Global money transfer service CBC Capital, Technology Crossover Ventures, W Capital Partners EARLY STAGE $115M - Series A Sep 2017 TNG Wallet (2013, $115M) Hong Kong-based mobile wallet NewMargin Ventures $66M - Series B Jul 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Index Ventures, Balderton Capital, Ribbit Capital $55M - Series B Sep 2016 Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Standard Chartered, SBI Holdings, Digital Ventures $35.4M - Series B Nov 2017 TransferMate (2008, Chicago, $35.4M) International money transfer service AIB Bank EARLY STAGE $24M - Series B Mar 2017 Veem (2014, San Francisco, $40M) B2B payment platform. KPCB, Silicon Valley Bank, SBI Holdings, National Australia Bank, GV $22M - Series B Oct 2016 PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Tritium Partners $14M - Series B Sep 2016 Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. SGVC $13M - Series B Jul 2017 Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider GSR Ventures, SBI Ven Capital, Vertex Ventures, Fullerton Financial, Global Founders Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201829 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (3/5) EARLY STAGE $13M - Series A May 2017 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Tencent, Sequoia Capital, Mastercard $11.2M - Series B Sep 2016 Afrimarket (2013, Paris, $14.6M) Cash based money transfer to Africa. Global Innovation Fund $10.5M - Series B Oct 2017 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. IW Capital $10M - Series B Jul 2016 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Ascot Capital Partners, EC1 Capital, IW Capital EARLY STAGE $9.1M - Series A Jul 2016 Revolut (2014, London, $340M) Cloud money app for currency exchange. Balderton Capital, Index Ventures, Ribbit Capital, Point Nine Capital, Seedcamp $8.8M - Series B Nov 2016 CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Octopus Ventures, Frontline Ventures $6M - Series B Jul 2017 Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Idinvest Partners, Mundi Ventures, Partech $6M - Series B Dec 2017 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Square Peg Capital EARLY STAGE $5.8M - Series A Dec 2016 Wyre (2013, San Francisco, $5.8M) International money transfers using blockchain Amway Southern Capital, Digital Currency Group, Draper Associates, Baofoo, Seabed VC, Boost VC, JiuFu $5.3M - Series B Jul 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Seedrs $5M - Series A May 2017 Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Naspers $5M - Series A Oct 2016 Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Accion, Innovation Endeavors, Pantera Capital, Digital Currency Group, Wavemaker Partners, Global Brain, Beenext, Rebright Partners, Kickstart Ventures, IdeaSpace Foundation
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201830 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (4/5) EARLY STAGE $4.5M - Series B Apr 2018 MFS Africa (2009, Port Louis, $6M) Financial service provider in Africa. LUN Partners, Goodwell $3M - Series B Oct 2016 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. $2.5M - Series A Jan 2017 BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Draper Associates, Greycroft Partners, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Pantera Capital, Zephyr Management, Colle Capital, Future Perfect Ventures $1.5M - Series A Dec 2017 MFS Africa (2009, Port Louis, $6M) Financial service provider in Africa. Goodwell EARLY STAGE Series B May 2017 Ebury (2009, London, $119M) B2B payment service provider. NIBC Series A Aug 2017 BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Greycroft Partners, Plug and Play Tech Center SEED STAGE $57.5M - Angel Jan 2018 Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Greg Kidd $3M - Seed Jul 2016 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Gobi Partners, Gravity Venture Capital $1M - Seed Oct 2016 Remitr (2014, Mumbai, $1M) Online platform cross border money transfer SmartStartFund, Singapore Angel Network, Pravin Gandhi, Vijay Shekhar Sharma, Kunal Shah, Sandeep Tandon, Vishal Gondal, Japan Vyas, Yezdi Lashkari, OperatorVC $120k - Seed Oct 2017 Neema (2013, Tel Aviv, $370k) Mobile wallet app provider to send money cross borders. Y Combinator
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201831 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (5/5) SEED STAGE Angel Mar 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Seed Apr 2018 Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Startupbootcamp Seed Jun 2017 Paycase (2014, Toronto) Universal banking platform that leverages blockchain technology Two Small Fish Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201832 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months in China Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months in China EARLY STAGE $1.5M - Series A Jul 2016 IPayLinks (2015, Shanghai, $1.5M) Cross border payment platform Series B Mar 2018 IPayLinks (2015, Shanghai, $1.5M) Cross border payment platform Tencent, Legend Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Most Active Investors (VC, PE) by Stage in Remittance; Last 5 years (Jul 2013-Jul 2018) Most Active VC & PE Investors 33 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Most Active VC & PE Investors SEED STAGE Pantera Capital(2 Investments) Veem, BitPesa 1 Fenway Summer Ventures(2 Investments) Veem, Sipree 2 ACE and Company(2 Investments) TransferWise, Toastme 3 Seedcamp Revolut 4 Digital Currency Group BitPesa 5 Index Ventures Revolut 6 Blockchain Capital BitPesa 7 Balderton Capital Revolut 8 Gobi Partners Airwallex 9 NFT Ventures Betalo 10 EARLY STAGE Digital Currency Group (4 Investments) Ripple, Veem, Coins.ph 1 Accel Partners (2 Investments) WorldRemit, Circle 2 Pantera Capital (2 Investments) Circle, Coins.ph 3 Greycroft Partners (2 Investments) Azimo, BitPesa 4 GV (2 Investments) Ripple, Veem 5 IGNIA(2 Investments) Regalii, Pangea Money Transfer 6 Beenext(2 Investments) Ayannah, Coins.ph 7 QED Investors Remitly 8 Frontline Ventures CurrencyFair 9 RRE Ventures Ripple 10 LATE STAGE Rakuten Capital (2 Investments) Azimo, Currency Cloud 1 Sapphire Ventures (2 Investments) TransferWise, Currency Cloud 2 IDG Capital Circle 3 Susquehanna Growth Equity Payoneer 4 Digital Currency Group Circle 5 Andreessen Horowitz TransferWise 6 Nyca Payoneer 7 Stripes Group Remitly 8 Blockchain Capital Circle 9 Fenway Summer Ventures Circle 10
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201834 Remittance > Investment Trends > Most Active Ecosystem Investors Top Ecosystem Investors in Remittance; Last 5 years (Jul 2013-Jul 2018) Most Active Ecosystem Investors INCUBATOR/ACCELERATOR 500 Startups(9 Investments) Flywire, Ayannah, Qwikwire 1 Startupbootcamp(8 Investments) Toastme, Kuan, CherryPay 2 Techstars(6 Investments) Remitly, Moni, B2B Pay 3 Boost VC(4 Investments) Veem, Wyre, Volabit 4 Plug and Play Tech Center(3 Investments) Fastacash, BitPesa, Bitwage 5 Life.SREDA(2 Investments) Fastacash, Ayannah 6 Y Combinator(2 Investments) Regalii, Neema 7 Chinaccelerator BitNexo 8 Fast Track Malmo PlingPay 9 IdeaSpace Foundation Coins.ph 10 OTHER NOTABLE INVESTORS Accion(4 Investments) Azimo, Coins.ph, Quippi 1 BnkToTheFuture(3 Investments) BitPesa, Bitwage, AirTM 2 Kima Ventures(3 Investments) Afrimarket, Iban First, Neema 3 Apax Partners(2 Investments) Traxpay, Travelex 4 Level39(2 Investments) Senit, Monuva 5 SBI Holdings(2 Investments) Ripple, Veem 6 Seedrs(2 Investments) Revolut, TransferGuru 7 SpeedUPAfrica(2 Investments) Mergims, VugaPay 8 Technology Crossover Ventures(2 Investments) Payoneer, WorldRemit 9 Tusk Ventures(2 Investments) Ripple, Circle 10 DEBT INVESTORS Silicon Valley Bank(6 Investments) WorldRemit, Remitly, Azimo 1 Idinvest Partners(2 Investments) Kantox, Skrill 2 Mercia Technologies Kwanji 3
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201835 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (1/3)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201836 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (2/3)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201837 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (3/3)
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201838 Remittance > Investment Trends > Unicorn Investors in the Sector Unicorn Investors in the Sector
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 39 BlueBox Key Sub Sectors Detailed Sector Taxonomy Top Markets of Investment Activity Top Markets of Early Stage Investors Other Notable Markets Market Deep Dive
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
For any Feedback and Query reach out to MyAnalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.* Upcoming Business Model Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies FACTSHEET Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Marketmap: Remittance 41 Remittance > Market Details > BlueBox
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Key Sub Sectors 42 Key Sub Sectors in Remittance Market Top Companies # Cos Tracked # Funded Total Funding Retail Payments Companies that help individuals to transfer money internationally Xoom (2001, San Francisco, Acquired) TransferWise (2010, London, $397M) 576 116 $2.2B B2B Payments Companies that offer cross border money transfer and mass payout solutions to businesses Cambridge Global Payments (1992, Toronto, Acquired) Payoneer (2005, Petah Tikva, $270M) 70 28 $645M Enablers Companies that offer APIs and technology to enable remittance Fastacash (2012, Singapore, Acquired) Ripple (2012, San Francisco, $90.5M) 56 17 $223M Forex Companies that enable users to compare and exchange foreign currency Wall Street Finance (1986, Mumbai, Acquired) BookMyForex (2011, Gurgaon, $3.1M) 82 10 $8.3M Aggregator Companies that enable users to compare remittance rates across various money transfer operators (MTOs) MoneySuperMarket (1993, Ewloe, Public) The Money Cloud (2014, London, $794k) 40 11 $1.6M Remittance > Market Details > Key Sub Sectors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (1/4) 43 Remittance > Market Details > Detailed Sector Taxonomy
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (2/4) 44 Remittance > Market Details > Detailed Sector Taxonomy
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (3/4) 45 Remittance > Market Details > Detailed Sector Taxonomy
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (4/4) 46 Remittance > Market Details > Detailed Sector Taxonomy
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rank Market Last 2 Years $ Invested # Round Top Funded Company 1 (-) Retail Payments > Local In-Local Out Companies that help individuals to transfer money internationally via bank partnerships (Companies covered 248 | Funded 42 | Total Funding $1.1B) $537M (-$25M) 14 (-50) TransferWise (2010, London, $397M) 2 (-) B2B Payments > Banking Channels Companies that leverage bank network to offer currency exchange, trade finance, mass payout services (Companies covered 58 | Funded 20 | Total Funding $588M) $300M (+$32.5M) 15 (-11) Payoneer (2005, Petah Tikva, $270M) 3 (+1) Retail Payments > Wallet Money > Multi Currency Account Companies that offer multi-currency travel account with a prepaid debit card (Companies covered 28 | Funded 6 | Total Funding $446M) $411M (+$382M) 9 (-) Revolut (2014, London, $340M) 4 (-1) Retail Payments > Wallet Money Companies that enable money transfer using the currency stored in the mobile wallet (Companies covered 82 | Funded 17 | Total Funding $167M) $119M (+$75.9M) 6 (-8) TNG Wallet (2013, 0, $115M) 47 Note: The numbers in the bracket represent the change in a 2 year period. Top Markets of Investment Activity Top Markets by Funding in Remittance in last 2 years (July 2016 - June 2018) Remittance > Market Details > Top Markets of Investment Activity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rank Market # Investments Key Investments 1 B2B Payments > Banking Channels Companies that leverage bank network to offer currency exchange, trade finance, mass payout services (Companies created 58 | Funded 20 | Total Funding $588M ) 1 Airwallex (2015, Melbourne, $24M) Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures 48 Top Markets of Early Stage Investors Top Markets where Early Stage Investors are investing in last 2 years (July 2016 - June 2018) Remittance > Market Details > Top Markets of Early Stage Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators 500 Startups (#1) Seed Index Ventures (#1), IA Ventures (#1) Series A/B Accel Partners (#1), Virgin (#1) Series C+ Silicon Valley Bank (#2), Old Mutual Global Investors (#1) Small World FS Mar - 2018 Acq by Equistone Partners Europe for $113M Currencies Direct Aug - 2015 Acq by Palamon Capital Partners for $310M Xoom Jul - 2015 Acq by PayPal for $890M Moneycorp Aug - 2014 Acq by Bridgepoint Capital for $352M FairFX Aug - 2014 IPO'd on LON HiFX Mar - 2014 Acq by Euronet Worldwide for $242M $20M - Series C Azimo (2012, London, $66.5M) $10M - Series B TransferGo (2012, London, $16.4M) $40M - Series C WorldRemit (2010, London, $220M) $5.4M - Series A Betalo (2011, Stockholm, $8.1M) $280M - Series E TransferWise (2010, London, $397M) $115M - Series D Remitly (2011, Seattle, $227M) Aug 2017 Firs, Etranzact Launch PayFIRS.net to help Government Reach N5 trillion tax collection Target for 2017, Tech Moran May 2013 P2P Currency Exchange TransferWise Raises $6M Led By Peter Thiel’s Valar Ventures, With Participation From SV Angel, Others, TechCrunch Jun 2017 Nigeria’s Thrivesend online money transfer officially launched, Innov8tiv Aug 2017 eTranzact Gross Revenue Hits N10.4bn, Declares DividendNaija247news, Naija247news Jun 2017 Transferwise Updates on US Business Progress, Crowdfund Insider Nov 2017 Beyond Borders Japan Partners with Leading Currency Exchange Company in Australia OFX, HITECH news articles Jul 2017 Former CMC Veteran Leandra McPhillips Joins Global Reach Partners, Finance Magnates Oct 2017 TransferWise changes fees for GBP transfers, introduces complicated flat transaction fees, Tech News Universe Aug 2017 Thomas Cook India Partners Euronet Worldwide To Create Next Generation Prepaid Travel Cards, BW Businessworld Aug 2017 FCA consents to FairFX acquisition of CardOne, Digital Look Aug 2017 England-based TransferWise brings its 'Borderless' bank account to Canada, Financial Post Jul 2017 Euronet Worldwide Reports Second Quarter 2017 Financial Results, 4-Traders Nov 2017 FEXCO Expands Further in the UK, Industry and Business Nov 2017 WorldRemit expands service across Gulf, Trade Arabia News 0 2 4 6 8 10 12 14 $0k $100M $200M $300M $400M $500M 2014 2015 2016 2017 2018 YoY Funding Rounds 11 11 18 42 248 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Retail Payments > Local In-Local Out: Market Factsheet 49 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that help individuals to transfer money internationally via bank partnerships TransferWise (2010, London, $397M) Remitly (2011, Seattle, $227M) WorldRemit (2010, London, $220M) Azimo (2012, London, $66.5M) Top Companies #1 Top Markets of Investment Activity Remittance > Market Details > Market: Local In-Local Out Companies Created 248 | Funded 42 | Total Funding $1.1B Market: Local In-Local Out
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201850 Retail Payments > Local In-Local Out: Top Companies Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Market: Local In-Local Out (1/2) Analyst’s Pick TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors Analyst’s Pick CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider Minicorn. Stage: Series B GSR Ventures, SBI Ven Capital, Vertex Ventures and 2 Other Investors TransferGo (2012, London, $16.4M) International remittance and payments Editor's Pick. Stage: Series B Revo Capital, Vostok Emerging Finance, Clive Kahn and 4 Other Investors Betalo (2011, Stockholm, $8.1M) Cross border money transfer app Editor's Pick. Stage: Series A Nordea, NFT Ventures, Svea Analyst’s Pick Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform Editor's Pick. Stage: Public Remitr (2014, Mumbai, $1M) Online platform cross border money transfer Minicorn. Stage: Seed SmartStartFund, Singapore Angel Network, Pravin Gandhi and 7 Other Investors Euronet Worldwide (1994, Leawood) Electronic payments provider Unicorn. Stage: Public Innova Capital, Advent International, Euroventures Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201851 Retail Payments > Local In-Local Out: Top Companies Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Market: Local In-Local Out (2/2) Analyst’s Pick OFX (1998, Sydney) International money transfer service provider. Soonicorn. Stage: Public Accel Partners, The Carlyle Group CurrencyOne (2009, Poznan) Online currency exchange platform Editor's Pick. Stage: Unfunded FreemarketFX (2011, London) A foreign exchange currency service and money transfer service provider. Editor's Pick. Stage: Funded VentureFounders Indigo FX (2012, London) Foreign currency trading and transferring platform Editor's Pick. Stage: Unfunded Monty Global Payments (2004, Madrid) Online money transfer services Editor's Pick. Stage: Unfunded Remit2India (2001, Mumbai) Online money transfer service to India for NRIs Editor's Pick. Stage: Unfunded Analyst’s Pick Rewire (2015, Tel Aviv) Mobile remittance service provider. Editor's Pick. Stage: Unfunded SimbaPay (2013, London) Digital money transfer provider to Kenya and Nigeria. Editor's Pick. Stage: Funded Techstars SodaTransfer (2015, Seoul) Online remittance solution in US-Korea corridor. Editor's Pick. Stage: Unfunded Transcorp (1984, Jaipur) Remittance and other financial services provider Editor's Pick. Stage: Public UAE Exchange (1980, Abu Dhabi) Global Money Transfer Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 52 Retail Payments > Local In-Local Out: Leaderboard Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Better than Market Average Market: Local In-Local Out Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Betalo 2011 Stockholm Series A $8.1M - 4 4 4 1 2.1M 189 30k 147 836k 69% 47 46% 42 29% 5.0 Pangea Money Transfer 2015 Chicago Series B $20k - 4 - 3 - 642k 1.1k 300k 1.4k 147k 28% 127 11% 5 - 5.0 Azimo 2012 London Series C $66.5M - 5 - - 13 63k 11k 300k 7.2k 15k 30% 1.9k 36% 412 4% 4.9 TransferWise 2010 London Series E $397M - 5 - - 41 4k 50k 3M 30.9k -1k -13% 6.8k 28% 9.1k 21% 4.9 Xoom 2001 San Francisco Acquired $106M - 4 - - 11 17k 8.4k 3M 32.2k 2k 7% 2.5k 8% 213 3% 4.9 WorldRemit 2010 London Series C $220M - 5 - - 51 16k 15k 3M 26.7k -4k -17% 5.4k 25% 2.2k 17% 4.9 Remitly 2011 Seattle Series D $227M - 5 - - 13 33k 9.7k 300k 4.9k -5k -13% 2.8k 134% 39 - 4.8 TransferGo 2012 London Series B $16.4M - 4 - - 2 55k 1.7k 300k 951 -7k -11% 559 142% 70 4% 4.8 Remitbee 2015 San Francisco Seed - - 5 - - 2 1.9M 134 3k 107 336k 23% 31 39% 6 4% 4.8 Remitr 2014 Mumbai Seed $1M - 4 - - 2 3.5M 643 30k 210 -470k -12% 68 47% 379 138% 4.8 Grosik 2005 London Unfunded - - 4 4 3 - 1.9M 38 9k 64 2M 234% 2 3% 24 155% 4.8 OrbitRemit 2009 Wellington Seed $2M - 4 - - - 162k 282 30k 475 6k 4% 166 53% 11 4% 4.7 CurrencyFair 2009 Dublin Series B $33.2M - 4 - - 7 109k 5k 30k 176 18k 19% 12 7% 122 2% 4.7 Valyou 2016 Kuala Lumpur Unfunded - - 5 3 3 - 1.9M 24 60k 402 - - 193 91% 30 - 532% 4.7 Sami Swoi 2010 London Unfunded - - 5 - - - 883k 200 30k 1.6k 523k 95% 184 14% 1 -
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators Startupbootcamp (#1), Startup Wise Guys (#1) Seed FXStreet (#1), Lnzame (#1) Series A/B SGVC (#1), Viola Group (#1) Series C+ CBC Capital (#1), W Capital Partners (#1) Hyperwallet Systems Jun - 2018 Acq by PayPal Careers for $400M Seed Kuan (2015, London, $32.6k) $30M - Series C Tipalti (2010, Palo Alto, $57M) $6M - Series B Airwallex (2015, Melbourne, $24M) Series E Payoneer (2005, Petah Tikva, $270M) $35.4M - Series B TransferMate (2008, Chicago, $35.4M) $1.1M - Angel Payment Rails (2015, Toronto, $1.1M) Seed Sipree (2011, San Francisco) $6M - Series B Kantox (2011, London, $27.3M) Series B Ebury (2009, London, $119M) $647k - Angel Money Mover (2013, Cambridge, $2.2M) $13M - Series A Airwallex (2015, Melbourne, $24M) Jun 2017 Tipalti Unveils New Capabilities For Future-Proof Accounts Payable, Crowdfund Insider Nov 2017 Online Payment Platform Hyperwallet Taps Former Paypay Exec To Lead Apac Expansion, Staffing Industry Analysts Nov 2017 Ebury opens Toronto office, Finextra Nov 2015 Ebury raises $83m from Vitruvian Partners and 83North, International Business Times Dec 2017 Cintra and EQ Global Announce Partnership for a Smarter, Global Delivery Model, Technology-Signals Feb 2016 Covercy Closes $1.5 Million Seed Round, Led by Leverate Founder Doron Cohen, Finance Magnates Sep 2017 Hyperwallet Taps B2B Payments Veteran for Executive Role, PRWeb Jul 2017 Sipree, Inc. Closes New Funding, GlobeNewswire Sep 2013 Ebury Partners Raises £3.5M in Funding, FinSMEs Nov 2017 Payment service Hyperwallet opens first Australian office, Which-50 Oct 2017 Fintech Startup Payment Rails Closes $1.1 Million, NewsCenter Mar 2016 B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments, TechCrunch Dec 2017 AFEX Partners with Ascent Software to Simplify Payments for Financial Services Firms, Bobsguide Jul 2017 GCC Exchange moves HO to Deira Dubai, Trade Arabia Sep 2012 Kantox raises 1.000.000€ to scale the business, Tumblr Sep 2017 Solvay : Partners with Husky to Develop Verian HBP, 4- Traders News 0 2 4 6 8 10 $0k $50M $100M $150M $200M $250M 2014 2015 2016 2017 2018 YoY Funding Rounds 2 3 9 20 58 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel B2B Payments > Banking Channels: Market Factsheet 53 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that leverage bank network to offer currency exchange, trade finance, mass payout services Payoneer (2005, Petah Tikva, $270M) Ebury (2009, London, $119M) Tipalti (2010, Palo Alto, $57M) TransferMate (2008, Chicago, $35.4M) Top Companies #2 Top Markets of Investment Activity Remittance > Market Details > Market: Banking Channels Companies Created 58 | Funded 20 | Total Funding $588M Market: Banking Channels
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201854 B2B Payments > Banking Channels: Top Companies Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Market: Banking Channels (1/2) Analyst’s Pick Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North, Envestors Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. Minicorn. Stage: Series C SGVC Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Minicorn. Stage: Series B Silicon Valley Bank, Idinvest Partners, Mundi Ventures and 8 Other Investors Analyst’s Pick Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Minicorn. Stage: Series B Square Peg Capital, Tencent, Sequoia Capital and 3 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired Traxpay (2009, Frankfurt Am Main, $19M) A B2B Payment Platform Minicorn. Stage: Series B Earlybird Venture Capital, Apax Partners, Software AG, Main Incubator Money Mover (2013, Cambridge, $2.2M) Foreign currency exchange and global payment services Editor's Pick. Stage: Seed Andy Homer Analyst’s Pick Covercy (2014, Tel Aviv, $1.5M) Cross border money and forex service provider. Minicorn. Stage: Seed SGVC, Mindset ventures Payment Rails (2015, Toronto, $1.1M) Global payment network for mass payouts. Editor's Pick. Stage: Seed Scott Thompson, Ferhan Patel Kwanji (2012, London, $719k) Facilitating international trade and payments for businesses Editor's Pick. Stage: Seed Mercia Technologies, Midsummer Capital Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Minicorn. Stage: Seed Startupbootcamp, Startup Wise Guys, Startup Sauna
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201855 B2B Payments > Banking Channels: Top Companies Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Market: Banking Channels (2/2) Analyst’s Pick Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital B2B Pay (2015, Helsinki) European B2B payment transfer services Minicorn. Stage: Funded Techstars Monuva (2016, London) International payment service. Minicorn. Stage: Seed Level39, Startupbootcamp Tramonex (2013, London) Ethereum tool based cross border payments to SMEs Minicorn. Stage: Funded UK Government Amnis Treasury Services (2014, Zurich) Currency exchange solution for SMEs. Editor's Pick. Stage: Unfunded Analyst’s Pick Husky (2016, Remote) International fund movement, accounting and financial guidance. Editor's Pick. Stage: Unfunded SettlePay (2015, Nottingham) Online currency exchange service for businesses. Editor's Pick. Stage: Unfunded Transpay (2012, New York City) B2B/B2P cross border money transfer Editor's Pick. Stage: Unfunded Wallex (2015, Singapore) Cross-border payments enabler Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 56 B2B Payments > Banking Channels: Leaderboard Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Better than Market Average Market: Banking Channels Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Payoneer 2005 Petah Tikva Series E $270M - 4 - - 19 3k 35k 750k 10.5k 1k 16% 680 7% 1.8k 5% 4.9 Hyperwallet Systems 2000 California Acquired - - 5 - - 19 107k 2.2k 91k 265 -43k -28% 62 31% 232 12% 4.8 Iban First 2013 Paris Series A $11M - 5 - - 1 616k 22 3k 4 -140k -18% 3 300% -2467 -99% 4.7 Husky 2016 Remote Unfunded - - 5 - - 2 6M 91 300 4 3M 86% 2 100% 11 14% 4.6 Pontual Money Transfer 2005 Manhattan Beach Unfunded - - 5 - - - 10M - 375 1 12M 145% - - - - 4.5 SLCTransfer 2005 Poznan Unfunded - - 5 4 4 - - 17 75 1 - - - - - -4% 4.4 Traxpay 2009 Frankfurt Am Main Series B $19M - - - 5 - 3.8M 2.3k - - -164k -4% - - -5 - 4.4 TransferMate 2008 Chicago Series B $35.4M - - - - 5 247k 2.7k - - 4k 1% - - 101 4% 4.3 Kantox 2011 London Series B $27.3M - - - - 6 406k 4.1k - - 116k 36% - - 113 3% 4.2 Money Mover 2013 Cambridge Seed $2.2M - - - - 2 529k 5.2k - - 94k 22% - - 775 18% 4.1 Tipalti 2010 Palo Alto Series C $57M - - - - 6 114k 978 - - 28k 33% - - 68 7% 4.0 Cambridge Global Payments 1992 Toronto Acquired $20M - - - 4 6 975k - - - 236k 32% - - - - 3.9 Ebury 2009 London Series B $119M - - - - 11 388k 2.1k - - 79k 26% - - 68 3% 3.8 Airwallex 2015 Melbourne Series B $24M - - - - 5 1.8M 729 - - 2M 159% - - 102 16%
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators Seed Point Nine Capital (#1), Index Ventures (#1) Series A/B Seedrs (#1), Ribbit Capital (#1) Series C+ DST Global (#1) None $250M - Series C Revolut (2014, London, $340M) $57.5M - Angel Uphold (2014, San Francisco, $73M) $10.5M - Series B WeSwap (2010, London, $33.1M) $5.3M - Series B Revolut (2014, London, $340M) $66M - Series B Revolut (2014, London, $340M) Angel Revolut (2014, London, $340M) $3M - Series B WeSwap (2010, London, $33.1M) $10M - Series B WeSwap (2010, London, $33.1M) $9.1M - Series A Revolut (2014, London, $340M) $1.4M - Seed Revolut (2014, London, $340M) $1.9M - Series B Uphold (2014, San Francisco, $73M) Nov 2017 Heleum Launches Automated Savings App On Uphold Platform That Trades Between Cryptocurrencies And Fiat Currencies, PR Newswire Jul 2017 CashDash lets you withdraw cash from ATMs without a debit card, The Next Web Dec 2017 Bitstamp Partners with Revolut to Offer Instant In-app Conversion of Three Cryptocurrencies, 4-Traders Dec 2017 Revolut merges mobile banking with cryptocurrency trading, Technology News Article Oct 2015 Rebranding As Uphold, Bitreserve Says Goodbye To Bitcoin, TechCrunch Dec 2017 Fintech Innovator Humaniq and Digital Money Platform Manigo announce a new partnership to make banking easier and more accessible, PRWeb Nov 2017 Nutmeg and Revolut investor launches new European fund, AltFi Dec 2017 94% of the World’s Population Now Has Access to Dash After Uphold Partnership, ValueWalk Oct 2017 Revolut starts handset insurance service in Lithuania, Telecompaper Oct 2017 Fintech startup Revolut is signing up 40 new business customers every day, Business Insider Oct 2017 London-based fintech startup Revolut signs up 16,000 European companies to its business service withing just 4 months, EU-Startups Nov 2017 Digital Bank Revolut Prepares to Launch Cryptocurrency Features, Crowdfund Insider News 0 1 2 3 4 5 6 $0k $50M $100M $150M $200M $250M $300M $350M 2014 2015 2016 2017 2018 YoY Funding Rounds - 1 3 6 28 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Retail Payments > Wallet Money > Multi Currency Account: Market Factsheet 57 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that offer multi- currency travel account with a prepaid debit card Revolut (2014, London, $340M) Uphold (2014, San Francisco, $73M) WeSwap (2010, London, $33.1M) 4X4U (2016, London) CashDash (2015, Petah Tikva) Top Companies #3 Top Markets of Investment Activity Remittance > Market Details > Market: Multi Currency Account Companies Created 28 | Funded 6 | Total Funding $446M Market: Multi Currency Account
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201858 Retail Payments > Wallet Money > Multi Currency Account: Top Companies Remittance > Market Details > Market: Multi Currency Account #3 Top Markets of Investment Activity Market: Multi Currency Account Analyst’s Pick Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Minicorn. Stage: Series B IW Capital, Ascot Capital Partners, EC1 Capital DiPocket (2014, London) Mobile wallet and a pre-paid card provider. Editor's Pick. Stage: Unfunded Globcoin (2015, London) Multi-currency global account with a prepaid debit card. Editor's Pick. Stage: Unfunded Analyst’s Pick Hoopay (2016, Kuala Lumpur) App based multi-currency account with physical card for forex. Editor's Pick. Stage: Unfunded Manigo (2015, London) International payment account with card. Editor's Pick. Stage: Unfunded Ozan (2015, London) Multi-currency account with physical card for travellers. Editor's Pick. Stage: Unfunded SwapX (2015, London) Mobile wallet to make payment internationally for travellers. Editor's Pick. Stage: Unfunded Waiv (2014, Melbourne) Global remittance service with linked debit card Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 59 Retail Payments > Wallet Money > Multi Currency Account: Leaderboard Remittance > Market Details > Market: Multi Currency Account #3 Top Markets of Investment Activity Better than Market Average Market: Multi Currency Account Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Revolut 2014 London Series C $340M - 5 - - 52 23k 64k 3M 89.1k -7k -23% 56k 169% 28.8k 81% 4.8 Uphold 2014 San Francisco Series B $73M - 4 - - 10 36k 16k 300k 633 18k 103% 251 65% 8.7k 117% 4.6 DiPocket 2014 London Unfunded - - 4 3 3 1 1.7M 227 8k 118 -639k -28% 53 82% 30 15% 4.4 Easy FX 2004 London Unfunded - - 4 4 3 - 1.5M 351 3k 32 -24k -2% 12 60% 116 48% 4.2 Ipagoo 2009 London Funded - - 4 - - 1 3.6M 137 3k 17 187k 5% 3 21% 4 3% 4.0 WeSwap 2010 London Series B $33.1M - 4 - - 5 207k - 300k 1.3k 10k 5% 102 9% - - 3.8 Cuallet 2015 Monterrey Unfunded - - 4 - - - 4.7M 709 8k 40 2M 73% 11 38% 342 91% 3.5 Wallet one 2007 Moscow Unfunded - - 4 - - - 21k 2.3k 83k 982 4k 19% 42 4% -100 -4% 3.3 Globcoin 2015 London Unfunded - - 4 - 3 - 2M 273 750 24 502k 34% 4 20% -14 -5% 3.1 Centtrip 2013 London Funded - - 3 - - - 1.5M 1.4k 300 6 12k 1% - - 50 4% 2.9 Uber Remit 2016 London Unfunded - - 4 4 4 - 10M 155 3k 15 - - - - 10 7% 2.7 Ozan 2015 London Unfunded - - 5 - - - 4.8M - 300 14 2M 64% 3 27% - - 2.5 CashDash 2015 Petah Tikva Unfunded - - 4 - 4 2 1.9M - 8k 44 -1.6M -45% 6 16% - - 2.3 FiiiPay 2016 Kuala Lumpur Unfunded - - - - 5 - - 9 - - - - - - 6 200% 2.1 Hoopay 2016 Kuala Lumpur Unfunded - - - - 4 - - 17 - - - - - - - -
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201860 #4 Top Markets of Investment Activity Remittance > Market Details > Market: Wallet Money Companies Created 82 | Funded 17 | Total Funding $167M Market: Wallet Money
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201861 Remittance > Market Details > Market: Wallet Money #4 Top Markets of Investment Activity Market: Wallet Money
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201862 Remittance > Market Details > Market: Wallet Money #4 Top Markets of Investment Activity Better than Market Average Market: Wallet Money
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public Companies Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 63 Notable Acquisitions Top Acquirers Acqui-hires
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public companies (1/2) 65 Performance indicators of public companies in Remittance IPO Date Company Current MCap IPO Mcap Revenue P/E Exchange Ticker Aug 2014 FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer $51.3M $986M 279.45 LON:FFX Nov 2013 OFX (1998, Sydney) International money transfer service provider. $454M $80.5M 24.52 ASX:OFX Aug 2011 MoneySwap (1999, Hong Kong) Cross-border payment service provider. $397k LON:SWAP Dec 2010 Midpoint (1998, London) Peer to peer Foreign Exchange and International Payments Platform $1.9M $209k CVE:MPT Jul 2007 MoneySuperMarket (1993, Ewloe) A comparison site for financial products. $387M 22.21 LON:MONY Oct 2006 Western Union (1851, Englewood) Money transfer service $9.3B $5.4B 29.4 NYSE:WU Oct 2005 eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services $21.6M LON:ESG Oct 2001 Transcorp (1984, Jaipur) Remittance and other financial services provider $14.4M $117M BOM:532410 Jan 2001 Earthport (1997, London) Financial services organisation specialising in cross-border payments $14.7M $30.1M LON:EPO Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider $7.9M $774k ASX:PIL Remittance > Exit Outlook > Public Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public companies (2/2) 66 Performance indicators of public companies in Remittance IPO Date Company Current MCap IPO Mcap Revenue P/E Exchange Ticker Wave Systems (2014, Lee) International remittance app Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services Euronet Worldwide (1994, Leawood) Electronic payments provider Telupay (2010, Makati) Mobile and Payment making platform provider. Foreign Exchange (2015, Hong Kong) Online foreign currency exchange Remittance > Exit Outlook > Public Companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Notable Acquisitions (1/2) 67 Notable Acquisitions in Remittance Remittance > Exit Outlook > Notable Acquisitions 2018 YTD Acquirer: PayPal Careers Deal: $400M Hyperwallet Systems (2000, California) Mass Payout solution provider. Acquirer: Optimal Payments Deal: $1.2B Skrill (2001, London) Online money transfer and wallet provider Acquirer: Equistone Partners Europe Deal: $113M Small World FS (2005, London) An international money transfer service provider 2017 Acquirer: FinTech Acquisition Deal: $260M Intermex (1994, Miami) Money transfer service provider Acquirer: FleetCor Technologies Deal: $690M Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Acquirer: MYPAY Fastacash (2012, Singapore, $23.5M) Payments via social networking sites Acquirer: Ant Financial Deal: $880M MoneyGram (1940, Dallas) Leading Money transfer service 2015 Acquirer: Palamon Capital Partners Deal: $310M Currencies Direct (1996, London) Foreign exchange and money transfer. Acquirer: PayPal Deal: $890M Xoom (2001, San Francisco, $106M) International personal remittances
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Notable Acquisitions (2/2) 68 Notable Acquisitions in Remittance Remittance > Exit Outlook > Notable Acquisitions 2014 Acquirer: Bridgepoint Capital Deal: $352M Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Acquirer: Euronet Worldwide Deal: $242M HiFX (1997, Windsor) Foreign exchange and international money transfer Before 2008 Acquirer: GCP Capital Partners TransFast (1988, New York City) International, money transfer and payments company Acquirer: First Data Deal: $364M Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform.
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Most Active Acquirers 69 Remittance > Exit Outlook > Most Active Acquirers
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Date Target Jan-08 Payquik Acq by Citigroup Apr-07 Maccorp Italiana S.p.A. Acq by PM & Partners May-06 Travelex Acq by Coinstar Acqui-hires 70 List of Acqui-hires in Remittance Excludes all details for Chinese companies Date Target Mar-18 RemitWisely Acq by Peppermint Innovation Feb-18 TransferZero Acq by BitPesa Jun-17 HalCash North America Acq by Pin4 Aug-16 Pay2Global Acq by TerraPay Jul-16 Paystar Acq by Net Element May-16 Prabhu MoneyTransfer Acq by Telnor Feb-16 XAPCASH Technologies Acq by BTL Feb-16 Chitoro Acq by Cassava Remit Jan-16 ScholarFX Acq by peerTransfer Oct-15 Quippi Acq by Emida Oct-15 uni-pay Acq by peerTransfer Sep-15 Pinoy Express Acq by AUB Jul-15 TransGlobal Payment Solutions Acq by Equiniti Jul-15 iSend Acq by ding.com Date Target Mar-15 Tranglo Acq by Ekuinas Dec-14 Utiba Acq by Amdocs Sep-14 MTI Money Transfer Acq by MoneyGram May-14 WikiPay Acq by Cubed Mar-14 i-Transfer Acq by Unidos Financial Services INC Feb-14 BlueKite Acq by Xoom Jun-13 Payra Acq by VMoney Nov-12 TimesOfMoney Acq by Network International Aug-10 TransferTo Acq by Ingenico May-10 DolEx Acq by Palladium Equity May-10 Europhil Acq by Palladium Equity Aug-09 Wall Street Finance Acq by Spice Global May-09 Custom House Acq by Western Union Oct-08 Currency Online Acq by HiFX Remittance > Exit Outlook > Acqui-hires View all 31 Acqui-hired companies on Tracxn Platform
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 71 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201873 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investors > Index of Most Active VC & PE Investors Index of Top Investors (VC, PE) by Stage in Remittance; Last 5 years (Jul 2013 - Jun 2018) Index of Most Active VC & PE Investors SEED STAGE Pantera Capital (2 Investments) Fenway Summer Ventures (2 Investments) ACE and Company (2 Investments) Index Ventures Digital Currency Group Blockchain Capital Seedcamp Balderton Capital Nyca E.ventures SGVC Point Nine Capital IGNIA Gobi Partners Beenos EARLY STAGE Digital Currency Group (4 Investments) Accel Partners (2 Investments) Pantera Capital (2 Investments) Greycroft Partners (2 Investments) GV (2 Investments) Beenext (2 Investments) IGNIA (2 Investments) Andreessen Horowitz Ribbit Capital IDG Capital General Catalyst Partners Breyer Capital DFJ DN Capital Blockchain Capital LATE STAGE Sapphire Ventures (2 Investments) Rakuten Capital (2 Investments) Andreessen Horowitz IVP World Innovation Lab Susquehanna Growth Equity IDG Capital Baring Vostok Draper Esprit DST Global Lakestar Digital Currency Group Stripes Group Blockchain Capital GV
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Pantera Capital 74 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Pantera Capital People Investments [Soonicorn] Circle (2013, Boston, $246M, Series E) Digital currency wallet for global money transfers [Soonicorn] BitPesa (2013, Nairobi, $10M, Series A) Bitcoin based remittance service provider. [Minicorn] Veem (2014, San Francisco, $40M, Series B) B2B payment platform. [Minicorn] Coins.ph (2013, Manila, $10M, Series A) Bitcoin wallet for transactions in Philippines Remittance Notable Portfolio [Soonicorn] Chain (2014, San Francisco, $43.7M, Series B) Designing blockchain applications for organizations [Soonicorn] Xapo (2012, Palo Alto, $40M, Series A) Cold Storage Vault & Bitcoin Wallet [Minicorn] Filament (2012, Reno, $35.6M, Series C) Decentralized Internet of Things stack [Minicorn] Abra (2014, Mountain View, $30M, Series B) Fiat money remittance based on bitcoin [Minicorn] ShapeShift (2014, San Francisco, $12.5M, Series A) Instant inter crypto currency conversion [Minicorn] Bitstamp (2011, London, $11.4M, Series A) European Union bitcoin exchange [Minicorn] Chronicled (2014, San Francisco, $5.3M, Series A) Product authentication on blockchain [Editor's Pick] Basis (2017, Hoboken, $133M, Series B) Stable Cryptocurrency [Editor's Pick] Polychain (2016, San Francisco, $10M, Series A) Protocol level token oriented investment fund. Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Dan Morehead Founder & CEO Geographical Spread Stage of Entry Jan 2018 Baidu seeks new investors for finance unit in up to $2 bn deal, BTVI Live Dec 2017 Circle's CENTRE Raises $20 Million in SAFT Sale, CoinDesk Nov 2017 Circle to Launch Cryptocurrency Investment App in 2018 , CoinDesk Oct 2017 Circle enables US Instant withdrawals for cross-border bank transfers, Finextra Oct 2017 Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets, Inside Bitcoins Oct 2017 Circle Announces Open Source Project Centre And Foundation, Coinspeaker Oct 2017 Circle Is Building a Master Mobile Payments Network on Ethereum, CoinDesk Sep 2017 Circle pushes OTC crypto trading, launches in France and Italy and adds group payments, International Business Times Jun 2017 Circle Launches Free Cross-Border Mobile Payments Based on Blockchain, Crowdfund Insider Oct 2016 Baidu just set up a $3 billion fund to back maturing startups, TechCrunch None 2 1 11 2 1 2013 2014 2015 2016 2017 2018 Follow On New Investments - - 1 1 2 Undisclosed Series C+ Series B Series A Seed2 1 1 - - US SEA Kenya
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Fenway Summer Ventures 75 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Fenway Summer Ventures People Investments [Soonicorn] Circle (2013, Boston, $246M, Series E) Digital currency wallet for global money transfers [Minicorn] Veem (2014, San Francisco, $40M, Series B) B2B payment platform. Remittance Notable Portfolio [Soonicorn] Prosper (2005, San Francisco, $410M, Series G) P2P Lending Marketplace [Soonicorn] Flexport (2013, San Francisco, $304M, Series C) Online freight forwarder [Soonicorn] Future Finance (2013, Dublin, $111M, Series C) Lending platform for Education Loans [Minicorn] Nav (2012, San Mateo, $103M, Series C) Business credit monitoring and financing [Minicorn] MAX Exchange (2009, Atlanta, $18.1M, Series A) Online peer-to-peer exchange for purchase and sale of residential mortgage loans [Minicorn] PayJoy (2015, California, $17.8M, Series A) Online purchase financing platform. [Minicorn] Wunder (2013, Boulder, $15.7M, Series B) Financing for commercial solar PV systems [Minicorn] Trunomi (2013, San Jose, $9.5M, Series A) Enterprise KYC and onboarding solutions [Editor's Pick] RevolutionCredit (2012, Irvine, $14.3M, Series A) Credit scoring based on consumer behaviour [Editor's Pick] LedgerX (2014, New York City, $11.4M, Series B) Institutional derivatives exchange. Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Raj Date CEO & MD Geographical Spread Stage of Entry Jan 2018 Baidu seeks new investors for finance unit in up to $2 bn deal, BTVI Live Dec 2017 Circle's CENTRE Raises $20 Million in SAFT Sale, CoinDesk Nov 2017 Circle to Launch Cryptocurrency Investment App in 2018 , CoinDesk Oct 2017 Circle enables US Instant withdrawals for cross-border bank transfers, Finextra Oct 2017 Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets, Inside Bitcoins Oct 2017 Circle Announces Open Source Project Centre And Foundation, Coinspeaker Oct 2017 Circle Is Building a Master Mobile Payments Network on Ethereum, CoinDesk Sep 2017 Circle pushes OTC crypto trading, launches in France and Italy and adds group payments, International Business Times Jun 2017 Circle Launches Free Cross-Border Mobile Payments Based on Blockchain, Crowdfund Insider Oct 2016 Baidu just set up a $3 billion fund to back maturing startups, TechCrunch None 1 3 2013 2014 2015 2016 2017 2018 Follow On New Investments - 1 - - 2 Undisclosed Series C+ Series B Series A Seed3 - - - - US
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 ACE and Company 76 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > ACE and Company People Investments [Unicorn] TransferWise (2010, London, $397M, Series E) International money transmitter based on currency swaps [Editor's Pick] Toastme (2014, Singapore, $2.4M, Seed) Mobile-based remittance solution leveraging local merchant network. Remittance Notable Portfolio [Unicorn] Uber (2009, San Francisco, $22.5B, Series G) Mobile app that connects passengers with vehicle drivers for hire [Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F) Marketplace for vacation rental accommodations [Unicorn] SpaceX (2002, Hawthorne, $2.2B, Series I) Reusable Space launch vehicles [Unicorn] Pinterest (2009, San Francisco, $1.5B, Series G) Visual social bookmarking service [Unicorn] WME Entertainment (2009, Beverly Hills, $250M, Funded) Talent Agency [Unicorn] Docker (2008, San Francisco, $243M, Series E) LXC based OS-level virtualization technology and PaaS [Soonicorn] ChargePoint (2007, Campbell, $298M, Series G) EV charging points and charging network operator [Soonicorn] PlanGrid (2011, San Francisco, $66M, Series B) Blueprints collaboration on web and mobile for field construction [Soonicorn] GoCardless (2011, London, $47.5M, Series C) Online payments solutions for recurring payments [Soonicorn] GrubMarket (2014, San Francisco, $32.1M, Series B) Open marketplace for farm to home deliveries Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Adam Said Co-Founder & CEO Christopher Kile Co-Founder & Board Member Geographical Spread Stage of Entry Dec 2017 A look through TransferWise’s early pitch deck, TechCrunch Nov 2017 TransferWise reports doubled revenue for last fiscal year, AltFi Oct 2017 TransferWise changes fees for GBP transfers, introduces complicated flat transaction fees, Tech News Universe Sep 2017 TransferWise founders to rake in millions from first share sales, Business Matters Aug 2017 TransferWise lines up investment round, Finextra Aug 2017 IVC Poised to Invest in Fintech Unicorn Transferwise, Crowdfund Insider Aug 2017 England-based TransferWise brings its 'Borderless' bank account to Canada, Financial Post Aug 2017 TransferWise is said to seek new funding round, PE Hub Aug 2017 Money Transfer Provider TransferWise Links With Apple Pay, CryptoCoinsNews Jul 2017 TransferWise CEO Hinrikus steps aside for co-founder Käärmann, Finextra Jun 2017 Transferwise Updates on US Business Progress, Crowdfund Insider None 1 2013 2014 2015 2016 2017 2018 Follow On New Investments - - - - 2 Undisclosed Series C+ Series B Series A Seed1 1 - - - Europe SEA
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index Ventures 77 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Index Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 78 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 79 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Seedcamp 80 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Seedcamp
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Balderton Capital 81 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Balderton Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Nyca 82 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Nyca
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 E.ventures 83 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > E.ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SGVC 84 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SGVC
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Point Nine Capital 85 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Point Nine Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IGNIA 86 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IGNIA
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Gobi Partners 87 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Gobi Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Beenos 88 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Beenos
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 89 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 90 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Accel Partners 91 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Accel Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Pantera Capital 92 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Pantera Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Greycroft Partners 93 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Greycroft Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 GV 94 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > GV
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Beenext 95 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Beenext
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IGNIA 96 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IGNIA
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Andreessen Horowitz 97 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Andreessen Horowitz
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Ribbit Capital 98 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Ribbit Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IDG Capital 99 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IDG Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 General Catalyst Partners 100 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > General Catalyst Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Breyer Capital 101 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Breyer Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DFJ 102 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DFJ
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DN Capital 103 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DN Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 104 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 105 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Sapphire Ventures 106 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Sapphire Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rakuten Capital 107 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Rakuten Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Andreessen Horowitz 108 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Andreessen Horowitz
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IVP 109 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IVP
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 World Innovation Lab 110 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > World Innovation Lab
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Susquehanna Growth Equity 111 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Susquehanna Growth Equity
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IDG Capital 112 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IDG Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baring Vostok 113 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baring Vostok
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Draper Esprit 114 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Draper Esprit
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DST Global 115 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DST Global
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Lakestar 116 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Lakestar
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 117 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Stripes Group 118 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Stripes Group
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 119 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 GV 120 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > GV
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 121 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018122 Remittance > Investors > Index of Ecosystem Investors Index of Top Ecosystem Investors in Remittance; Q2 2013 - Q2 2018 Index of Ecosystem Investors INCUBATOR 500 Startups (9 Investments) Startupbootcamp (8 Investments) Techstars (6 Investments) Boost VC (4 Investments) Plug and Play Tech Center (3 Investments) Life.SREDA (2 Investments) Y Combinator (2 Investments) Chinaccelerator Fast Track Malmo IdeaSpace Foundation Joyful Frog Digital Innovation Kickstart Accelerator Oasis 500 SOSV SparkLabs OTHER NOTABLE INVESTORS Accion (4 Investments) BnkToTheFuture (3 Investments) Kima Ventures (3 Investments) Apax Partners (2 Investments) Level39 (2 Investments) SBI Holdings (2 Investments) Seedrs (2 Investments) SpeedUPAfrica (2 Investments) Technology Crossover Ventures (2 Investments) Tusk Ventures (2 Investments) JiuFu AIB Bank Baidu Baillie Gifford Baofoo DEBT INVESTORS Silicon Valley Bank (6 Investments) Idinvest Partners (2 Investments) Mercia Technologies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 500 Startups 123 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > 500 Startups People Investments [Soonicorn] Flywire (2009, Boston, $43.2M, Series C) Global money transfer in local currency [Minicorn] ZipZap (2010, San Francisco, $2.2M, Seed) Mobile money transfer service provider Remittance Notable Portfolio [Unicorn] Grab (2012, Singapore, $4.4B, Series G) Taxi Booking App [Unicorn] Credit Karma (2007, San Francisco, $370M, Series D) Aggregator of various consumer financial products. [Unicorn] Twilio (2007, San Francisco, $240M, Public) Cloud Communications API provider [Unicorn] Canva (2012, Surry Hills, $82.6M, Series B) Online design platform [Soonicorn] Udemy (2010, San Francisco, $173M, Series D) Marketplace for online courses [Soonicorn] Carousell (2012, Singapore, $172M, Series C) P2P mobile listing platform [Soonicorn] Smule (2008, San Francisco, $144M, Series F) Developer of social music-making & sharing apps [Soonicorn] Breather (2012, Montreal, $120M, Series D) On-demand Private Room Reservation [Soonicorn] Ipsy (2011, San Mateo, $107M, Series B) Subscription for beauty products [Soonicorn] Life360 (2008, San Francisco, $89.7M, Series C) Mobile app that connects family members and close friends Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Dave McClure Founder, Partner Geographical Spread Stage of Entry Jun 2018 Flywire and UnionPay Partner to Take the Cost Out of Cross-Border Payments from China, GlobeNewswire May 2018 EY Names Flywire CEO Entrepreneur of the Year Finalist in New England, Citybizlist Nov 2017 Flywire Continues to Expand its Cross-Border Payment and Receivables Business in the UK and Ireland, Citybizlist Nov 2017 Flywire Nominated for Global FinTech Award in Singapore , GlobeNewswire Oct 2017 Flywire Adds Trustly As Preferred Payment Option, PYMNTS Oct 2017 Flywire’s International Payment and Receivables Business Thrives in Spain, GlobeNewswire Aug 2017 Flywire Simplifies Compliance with New Cross-Border Education Payment Requirements in Ireland, GlobeNewswire Aug 2017 Flywire Offers Tuition Discounts For Using A Mastercard, PYMNTS Aug 2017 Flywire And Volvo Pair Up On Cross-Border Vehicle Leasing, PYMNTS None 1 1 2 2 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 4 - - 1 5 Undisclosed Series C+ Series B Series A Seed7 3 - - - US SEA
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Startupbootcamp 124 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Startupbootcamp People Investments [Minicorn] Kuan (2015, London, $32.6k, Seed) P2P matching technology based money transfer service provider. [Minicorn] Monuva (2016, London, Seed) International payment service. [Editor's Pick] Toastme (2014, Singapore, $2.4M, Seed) Mobile-based remittance solution leveraging local merchant network. [Editor's Pick] Europeone (2015, London, Funded) Currency agnostic mobile banking and payment app Remittance Notable Portfolio [Minicorn] Bellabeat (2012, Mountain View, $18.8M, Series A) Women health & wellness assistance [Minicorn] BondIT (2012, Herzliya, $18.2M, Series B) Bond portfolio management solution [Minicorn] BabyScripts (2012, Washington D.C., $11M, Series A) A clinical, mobile prescription for pregnancy assistance [Minicorn] NarrativeDx (2014, Austin, $6.9M, Series A) Provides actionable insights from patient narratives [Minicorn] Mediconecta (2011, Miami, $4.1M, Seed) online platform for tele-consultation [Minicorn] Hijro (2014, Lexington, $2.5M, Seed) Software platform for cross-border B2B trade [Minicorn] Epiphyte (2013, London, $70.4k, Seed) Enterprise software for integrating financial institutions with cryptofinancial networks. [Minicorn] Virtual Broker (2015, Sofia, Seed) Software platform for Insurance brokers and consumers Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Patrick De Zeeuw Co-Founder & CEO Carsten Kolbek Co-Founder Alex Farcet Co-Founder & Managing Director Philip Kiracofe Co-Founder & CEO Fermin Bueno Co-Founder & Managing Partner Ruud Hendriks Co Founder Michael Dooijes Co-Founder & Managing Director Steven Tong CEO Geographical Spread Stage of Entry Jan 2017 Startupbootcamp selects 10 startups for its FinTech program, Indiatimes Nov 2016 Online remittance startup Toast raises $1.5m to be a bank for migrant workers, Tech in Asia May 2016 Meet the 8 Malaysian startups who will rock TOP100 Echelon Asia!, E27 May 2016 Money-changing app Curren$eek scores top prize at the Asean Fintech Challenge, E27 Apr 2016 Currency exchange rate aggregator get4x lands in 3 new cities; allows users to order currency, E27 Jan 2016 Startup Wise Guys announces participants for the B2B program, EU-Startups Jan 2016 Startup Wise Guys BusinessTech opens 6th program, Startup Wise GuysNone 1 1 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 5 - - - 2 Undisclosed Series C+ Series B Series A Seed3 3 1 1 - SEA Europe India US
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Techstars 125 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Techstars People Investments [Soonicorn] Remitly (2011, Seattle, $227M, Series D) Cross-border money transfer using banking networks. [Minicorn] B2B Pay (2015, Helsinki, Funded) European B2B payment transfer services [Editor's Pick] SimbaPay (2013, London, Funded) Digital money transfer provider to Kenya and Nigeria. [Editor's Pick] Bridge21 (2014, Denver, Funded) Bitcoin-based international money transfer [Editor's Pick] Vala (2015, Tel Aviv, Funded) Money transfer using marketplace of remitters. Remittance Notable Portfolio [Unicorn] Uber (2009, San Francisco, $22.5B, Series G) Mobile app that connects passengers with vehicle drivers for hire [Unicorn] Twilio (2007, San Francisco, $240M, Public) Cloud Communications API provider [Soonicorn] ClassPass (2011, New York City, $222M, Series C) Membership programs for fitness classes across multiple gyms [Soonicorn] Leanplum (2012, San Francisco, $145M, Series D) Mobile A/B testing, personalization & analytics platform [Soonicorn] DataRobot (2012, Boston, $125M, Series C) Automated machine learning platform for data science applications [Soonicorn] Outreach (2013, Seattle, $125M, Series D) SaaS based Lead Engagement Tools [Soonicorn] DigitalOcean (2011, New York City, $124M, Series B) Cloud computing platform to build, deploy and scale cloud applications Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Brad Feld Co-Founder David Brown Co-Founder and co- CEO David Cohen Founder and co-CEO Geographical Spread Stage of Entry Jun 2018 Remitly expands C-suite as headcount passes 700, The Business Journals Dec 2017 US firm says PH is biggest, most mature remittance market globally, Newsbytes Oct 2017 Remitly is raising up to $115M led by Naspers' PayU to double down on remittances in India, TechCrunch Sep 2017 Remitly recruits former Xoom exec Nigro as VP of global business development, Finextra Jul 2017 Remitly Moving $3 Billion across the Globe with Money Transfer Platform Customized for Emerging Markets, Business Wire Jun 2017 SimbaPay agrees ATM distribution with Interswitch, Telecompaper Apr 2017 US payments startup backed by Amazon founder expands to UK - Tech News, The Star Online Apr 2017 Remitly arrives in the UK, Finextra Feb 2017 Remitly doubles annual remittance volumes to $2 billion, Finextra Sep 2016 Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets, TechCrunch None 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 5 - - - 1 Undisclosed Series C+ Series B Series A Seed3 2 1 - - Europe US Israel
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Boost VC 126 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Boost VC
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Plug and Play Tech Center 127 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Plug and Play Tech Center
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Life.SREDA 128 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Life.SREDA
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Y Combinator 129 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Y Combinator
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Chinaccelerator 130 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Chinaccelerator
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Joyful Frog Digital Innovation 131 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Joyful Frog Digital Innovation
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Kickstart Accelerator 132 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Kickstart Accelerator
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Oasis 500 133 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Oasis 500
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SOSV 134 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SOSV
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SparkLabs 135 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SparkLabs
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 136 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Accion 137 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Accion
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 BnkToTheFuture 138 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > BnkToTheFuture
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Kima Ventures 139 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Kima Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Apax Partners 140 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Apax Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SBI Holdings 141 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SBI Holdings
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Seedrs 142 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Seedrs
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Technology Crossover Ventures 143 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Technology Crossover Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Tusk Ventures 144 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Tusk Ventures
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 AIB Bank 145 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > AIB Bank
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baidu 146 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baidu
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baillie Gifford 147 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baillie Gifford
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 148 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Silicon Valley Bank 149 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Silicon Valley Bank
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Idinvest Partners 150 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Idinvest Partners
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Mercia Technologies 151 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Mercia Technologies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Key Markets Exit Outlook Investors News Appendix 152 Recent News
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News (1/2) 154 Remittance > News > Recent News Jun 2018 Ripple Forges into India with the Help of a Major Bank, nulltx.com Jun 2018 Payoneer Lights Up the Digital Marketing Industry with Rapid Growth, Corporate Partnerships and Working Capital Offering, GlobeNewswire Jun 2018 UAE Exchange targets 10% remittance growth on higher liquidity, The National Jun 2018 Indian Bank Kotak Mahindra Announces RippleNet Integration, Crypto News Jun 2018 FairFX launches international business account for small businesses, Finextra Jun 2018 Crypto Startup Uphold Moves to Become Licensed U.S. Broker- Dealer, globalbitcoin.co.uk Jun 2018 Digital Money Platform Uphold to Acquire New York-Based Broker- Dealer JNK Securities, Business Wire Jun 2018 Fexco invests €500,000 in fintech firm Cambrist, Independent.ie Jun 2018 Payoneer Teams Up with e-Residency for Cross-border Payments in India, BW Businessworld Jun 2018 Goldman Sachs-backed Circle sees boom in crypto demand from institutional investors, despite bear market, CNBC Jun 2018 RakBank, Xpress Money partner for payment service, Trade Arabia Jun 2018 Fintech friends: Monzo partners with TransferWise for international payments, Tech News Universe Jun 2018 PayPal’s Xoom arm hikes remittance limit to India, Indiatimes Key Recent News Key Recent News Jun 2018 Business Mergers and Technology Updates, blogspot.com Jun 2018 Wildflower Health Acquires Circle, an Innovative Mobile Health Business Incubated by Providence St. Joseph Health, PR Newswire Jun 2018 Ripple, Monero Find New Storage Option With Edge Mobile Wallet, PR Newswire Jun 2018 PayPal's investment case looks robust in the wake of Hyperwallet Systems acquisition, says Wedbush, Proactive Investors Jun 2018 Ding, Etecsa ink Cubacel SIM and handset deal, Telecompaper Jun 2018 Crypto Startup Circle Reveals How It Chooses New Token Listings, CoinDesk Jun 2018 U.S. PayPal buys global payouts platform HyperWallet for $400 mln, investsize.com Jun 2018 PayPal Significantly Enhances Global Payout Capabilities With Acquisition of Hyperwallet, Business Wire Jun 2018 InstaReM launches in the UK, Finextra Jun 2018 First Global Enters into Strategic Partnership to Expand Philippines Remittances from Canada, CNW Jun 2018 WorldFirst May Beat PayPal In Securing China Payment License, PYMNTS Jun 2018 Kwesé TV sealed deal with WorldRemit, NexTV News Africa Jun 2018 Revolut App Update: Announces New Accounts, Analytics, & Payment Screens, Crowdfund Insider
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News (2/2) 155 Remittance > News > Recent News Jun 2018 UK’s WorldFirst set to be first foreign firm allowed into China’s payment services industry, South China Morning Post Jun 2018 Orange, EcoCash, TransferTo partner on digital remittance service, Verdict Jun 2018 Ripple Expects India to Overturn Cryptocurrency Ban with Regulations, CCN Jun 2018 Ripple to Invest $2 Million in Texas University’s Blockchain Research, globalbitcoin.co.uk Jun 2018 PrimeTel Announces New Partnership With Revolut to Provide Contactless Visa Card, Crowdfund Insider Jun 2018 Flywire and UnionPay Partner to Take the Cost Out of Cross-Border Payments from China, GlobeNewswire Jun 2018 Paysend customer base triples in 6 months as the firm targets global payments revolution, Financial IT Jun 2018 Chynge to launch decentralised remittance platform, Verdict Jun 2018 InstaReM brings zero-margin fee payment for Indian students studying abroad, Business Standard Jun 2018 Coinbase, Ripple Blast Company Creating Tokens in Their Name, CoinDesk Jun 2018 Transcorp Appoints Ezeafulukwe Executive Director, Independent Jun 2018 Transcorp loss widens to S$2.68 million for half-year, The Business Times Jun 2018 Workana Selects Transpay to Pay Out its Freelancers, PRWeb Key Recent News Key Recent News Jun 2018 Revolut teams up with French cab firm SnapCar, Finextra Jun 2018 CMA To Assess Monyesupermarket.com Decision Technologies Deal, Morningstar Jun 2018 WorldRemit receives approval to offer services in all US states, Verdict Jun 2018 Chynge unveils blockchain-based remittance service, Finextra Jun 2018 AmEx Is Hiring to Help Sell a Ripple Powered Blockchain Product, CoinDesk Jun 2018 Revolut Expansion: Now Seeking to Hire 100 People in a Single Day in Kraków, Poland, Crowdfund Insider Jun 2018 Payments disrupter Paysend debuts card-to-card money transfer services in Turkey, Financial IT Jun 2018 Transferwise Now Offers Service in Argentina, Crowdfund Insider Jun 2018 Another Investor Lawsuit Claims XRP Is a Security, CoinDesk Jun 2018 Ripple, SWIFT Vie For Top Cross-Border Payments Spot, PYMNTS Jun 2018 Revolut has 2 million customers; to launch commission-free buying and selling service, Newpaper24 Jun 2018 Currencycloud and Hyundai start remittance partnership, Financial IT Jun 2018 Little Rock Fintech startup unveils global currency exchange platform, Talk Business & Politics Jun 2018 Revolut announces a Robinhood-like trading product, TechCrunch
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Key Markets Exit Outlook Investors News Appendix 156 Explore more on Tracxn Platform Index of Top companies by Market Funded Deadpooled Companies
Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Explore more on Tracxn Platform 158 Companies Companies Covered Unicorns Public Companies Acquired Companies Funded Companies Investment Trends Recent Investments Mega Investments Investment Trend Markets BlueBox Taxonomy News Key News Recent News Company Stage Angel Funded Seed Funded Early Stage (Series A/B) Late Stage (Series C+) Acqui-hires DeadPooled Investors Acquirers Unicorn Investors Most Active Investors Most Active VC &PE Investors Portfolio of Top Investor Most Active Acquirer Remittance > Appendix > Explore Sector on Tracxn Platform
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (1/13) 159 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Local In-Local Out Xoom (2001, San Francisco, $106M) International personal remittances Stage: Acquired Sequoia Capital, New Enterprise Associates, DAG Ventures and 7 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Local In-Local Out Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider Minicorn. Stage: Series B GSR Ventures, SBI Ven Capital, Vertex Ventures and 2 Other Investors TransferGo (2012, London, $16.4M) International remittance and payments Editor's Pick. Stage: Series B Revo Capital, Vostok Emerging Finance, Clive Kahn and 4 Other Investors Betalo (2011, Stockholm, $8.1M) Cross border money transfer app Editor's Pick. Stage: Series A Nordea, NFT Ventures, Svea
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (2/13) 160 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform IPO Date Dec 2010 Mcap - IPO Mcap $1.9M CVE MPT P/E - Remitr (2014, Mumbai, $1M) Online platform cross border money transfer Minicorn. Stage: Seed SmartStartFund, Singapore Angel Network, Pravin Gandhi and 7 Other Investors Euronet Worldwide (1994, Leawood) Electronic payments provider IPO Date - Mcap - IPO Mcap - - - P/E - Local In-Local Out Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners CurrencyOne (2009, Poznan) Online currency exchange platform Editor's Pick. Stage: Unfunded FreemarketFX (2011, London) A foreign exchange currency service and money transfer service provider. Editor's Pick. Stage: Funded VentureFounders Remit2India (2001, Mumbai) Online money transfer service to India for NRIs Editor's Pick. Stage: Unfunded Rewire (2015, Tel Aviv) Mobile remittance service provider. Editor's Pick. Stage: Unfunded Local In-Local Out SimbaPay (2013, London) Digital money transfer provider to Kenya and Nigeria. Editor's Pick. Stage: Funded Techstars Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded OFX (1998, Sydney) International money transfer service provider. IPO Date Nov 2013 Mcap - IPO Mcap $454M ASX OFX P/E 24.52 Indigo FX (2012, London) Foreign currency trading and transferring platform Editor's Pick. Stage: Unfunded Monty Global Payments (2004, Madrid) Online money transfer services Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (3/13) 161 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out SodaTransfer (2015, Seoul) Online remittance solution in US-Korea corridor. Editor's Pick. Stage: Unfunded Transcorp (1984, Jaipur) Remittance and other financial services provider IPO Date Oct 2001 Mcap $14.4M IPO Mcap - BOM 532410 P/E - UAE Exchange (1980, Abu Dhabi) Global Money Transfer Editor's Pick. Stage: Unfunded Small World FS (2005, London) An international money transfer service provider Stage: Acquired FF and P Private Equity, MMC Ventures, Stonehage Fleming Private Equity and 2 Other Investors Local In-Local Out FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer IPO Date Aug 2014 Mcap - IPO Mcap $51.3M LON FFX P/E 279.45 HiFX (1997, Windsor) Foreign exchange and international money transfer Stage: Acquired Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Stage: Acquired RBS Group, Pollen Street Capital Telupay (2010, Makati) Mobile and Payment making platform provider. IPO Date - Mcap - IPO Mcap - - - P/E - Wallet Money Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors TNG Wallet (2013, $115M) Hong Kong-based mobile wallet Soonicorn. Stage: Series A NewMargin Ventures Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Minicorn. Stage: Series B IW Capital, Ascot Capital Partners, EC1 Capital
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (4/13) 162 Remittance > Appendix > Index of Top companies by Market Retail Payments Wallet Money bKash (2010, Dhaka, $11M) Mobile based remittance service provider. Editor's Pick. Stage: Series A Bill and Melinda Gates Foundation, Gray Ghost Ventures Billon (2012, Warsaw, $5M) Cross border money transfer app Editor's Pick. Stage: Series A SILK Venture Toastme (2014, Singapore, $2.4M) Mobile-based remittance solution leveraging local merchant network. Editor's Pick. Stage: Seed Aetius Capital, 1776, Pepper and 5 Other Investors Wallet Money ZipZap (2010, San Francisco, $2.2M) Mobile money transfer service provider Minicorn. Stage: Seed Blumberg Capital, 500 Startups, TriplePoint Capital and 4 Other Investors NOW Money (2015, Dubai, $2.2M) Employer enabled mobile wallet to provide financial solutions. Editor's Pick. Stage: Seed Accion, Newid Capital Wave Systems (2014, Lee, $825k) International remittance app IPO Date - Mcap - IPO Mcap - - - P/E - Wallet Money Neema (2013, Tel Aviv, $370k) Mobile wallet app provider to send money cross borders. Minicorn. Stage: Seed Y Combinator, Kima Ventures, Lattice Ventures Skrill (2001, London) Online money transfer and wallet provider Unicorn. Stage: Acquired Idinvest Partners, CVC Capital Partners Europeone (2015, London) Currency agnostic mobile banking and payment app Editor's Pick. Stage: Funded Startupbootcamp Globcoin (2015, London) Multi-currency global account with a prepaid debit card. Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (5/13) 163 Remittance > Appendix > Index of Top companies by Market Retail Payments Wallet Money Manigo (2015, London) International payment account with card. Editor's Pick. Stage: Unfunded MaxiCash (2016, Johannesburg) Mobile first remittance service. Editor's Pick. Stage: Unfunded DiPocket (2014, London) Mobile wallet and a pre-paid card provider. Editor's Pick. Stage: Unfunded Hoopay (2016, Kuala Lumpur) App based multi-currency account with physical card for forex. Editor's Pick. Stage: Unfunded Moneymail (2015, Monaco) Social money transferring app. Editor's Pick. Stage: Unfunded Wallet Money Ozan (2015, London) Multi-currency account with physical card for travellers. Editor's Pick. Stage: Unfunded PaySend (2015, Valletta) Digital wallet provider to transfer money directly to recipients' card Editor's Pick. Stage: Funded Digital Space Ventures SwapX (2015, London) Mobile wallet to make payment internationally for travellers. Editor's Pick. Stage: Unfunded Waiv (2014, Melbourne) Global remittance service with linked debit card Editor's Pick. Stage: Unfunded Blockchain Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Soonicorn. Stage: Series E Bitmain, Breyer Capital, General Catalyst Partners and 16 Other Investors Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Minicorn. Stage: Series A Naspers, Accion, Innovation Endeavors and 10 Other Investors Moin (2016, Seoul, $2.4M) Blockchain-based remittance service. Editor's Pick. Stage: Series A The Wells Investment, Capstone Partners, Strong Ventures and 1 Other Investors
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (6/13) 164 Remittance > Appendix > Index of Top companies by Market Retail Payments Blockchain Sentbe (2015, Seoul, $25k) Money transfer service from Korea to Philippines. Editor's Pick. Stage: Seed SparkLabs, Stonebridge Capital CoinX (2013, New York City) Online money transfer and ACH services provider. Editor's Pick. Stage: Unfunded Echo (2016, Munich) P2P messaging and payments platform leveraging blockchain. Editor's Pick. Stage: Unfunded Flash FX (2015, Sydney) Online platform for money transfer leveraging Ripple protocol. Editor's Pick. Stage: Unfunded Vala (2015, Tel Aviv) Money transfer using marketplace of remitters. Editor's Pick. Stage: Funded Techstars, Breega Capital, Firstime Blockchain Paycase (2014, Toronto) Universal banking platform that leverages blockchain technology Minicorn. Stage: Seed Two Small Fish Ventures, Crypto Capital, Hedgewood Abypay (2016, Lisbon) Blockchain-based P2P money transfer app Editor's Pick. Stage: Unfunded Airpocket (2015, Boston) Bitcoin based remittance service provider. Editor's Pick. Stage: Unfunded Bluepan (2015, Seoul) Blockchain-based remittance solution provider. Editor's Pick. Stage: Unfunded Bridge21 (2014, Denver) Bitcoin-based international money transfer Editor's Pick. Stage: Funded Techstars Blockchain Cashaa (2016, London) Remittance solution using agents for currency exchange leveraging Blockchain. Editor's Pick. Stage: Unfunded GeoPay (2014, Sandton) Mobile wallet payment and money transfer service provider. Editor's Pick. Stage: Unfunded Trustlines Network (2017, Mainz) Ethereum based P2P poeple powered money blockchain network. Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (7/13) 165 Remittance > Appendix > Index of Top companies by Market Retail Payments Offline UNISTREAM Money Transfers Global (2006, Moscow, $20M) Transfer Money internationally Minicorn. Stage: Series B Aurora Russia MoneyGram (1940, Dallas) Leading Money transfer service Unicorn. Stage: Acquired Goldman Sachs, Blum Capital Partners TransFast (1988, New York City) International, money transfer and payments company Soonicorn. Stage: Acquired Apis Partners, Comvest Partners Tempo Money Transfer (2008, Paris) Money transfer service through dedicated agents Editor's Pick. Stage: Unfunded Offline Intermex (1994, Miami) Money transfer service provider Soonicorn. Stage: Acquired Banyan Mezzanine Funds Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform. Editor's Pick. Stage: Acquired Great Hill Partners Xpress Money (1999, Dubai) Send Money cross borders. Editor's Pick. Stage: Unfunded Western Union (1851, Englewood) Money transfer service IPO Date Oct 2006 Mcap $9.3B IPO Mcap - NYSE WU P/E 29.4 Alternative Remittance Flywire (2009, Boston, $43.2M) Global money transfer in local currency Soonicorn. Stage: Series C Bain Capital Ventures, Spark Capital, Accel Partners and 9 Other Investors Afrimarket (2013, Paris, $14.6M) Cash based money transfer to Africa. Minicorn. Stage: Series B Global Innovation Fund, BIM, Orange Digital Ventures and 1 Other Investors ding.com (2006, Ballsbridge) Mobile airtime transfer. Editor's Pick. Stage: Funded Gray Ghost Ventures, NextLevel Venture Partners NexPay (2011, Sydney) International student payment portal. Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (8/13) 166 Remittance > Appendix > Index of Top companies by Market Retail Payments Alternative Remittance Posana (2016, New York City) Cash to goods solution using alternate digital currency. Editor's Pick. Stage: Unfunded Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services IPO Date - Mcap - IPO Mcap - - - P/E - B2B Payments Banking Channels Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North and 1 Other Investors Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. Minicorn. Stage: Series C SGVC Banking Channels Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Minicorn. Stage: Series B Silicon Valley Bank, Idinvest Partners, Mundi Ventures and 8 Other Investors Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Minicorn. Stage: Series B Square Peg Capital, Tencent, Sequoia Capital and 3 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (9/13) 167 Remittance > Appendix > Index of Top companies by Market B2B Payments Banking Channels Traxpay (2009, Frankfurt Am Main, $19M) A B2B Payment Platform Minicorn. Stage: Series B Earlybird Venture Capital, Apax Partners, Software AG and 1 Other Investors Money Mover (2013, Cambridge, $2.2M) Foreign currency exchange and global payment services Editor's Pick. Stage: Seed Andy Homer Covercy (2014, Tel Aviv, $1.5M) Cross border money and forex service provider. Minicorn. Stage: Seed SGVC, Mindset ventures Payment Rails (2015, Toronto, $1.1M) Global payment network for mass payouts. Editor's Pick. Stage: Seed Scott Thompson, Ferhan Patel Banking Channels Kwanji (2012, London, $719k) Facilitating international trade and payments for businesses Editor's Pick. Stage: Seed Mercia Technologies, Midsummer Capital Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Minicorn. Stage: Seed Startupbootcamp, Startup Wise Guys, Startup Sauna Amnis Treasury Services (2014, Zurich) Currency exchange solution for SMEs. Editor's Pick. Stage: Unfunded Husky (2016, Remote) International fund movement, accounting and financial guidance. Editor's Pick. Stage: Unfunded Banking Channels Transpay (2012, New York City) B2B/B2P cross border money transfer Editor's Pick. Stage: Unfunded Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital B2B Pay (2015, Helsinki) European B2B payment transfer services Minicorn. Stage: Funded Techstars Monuva (2016, London) International payment service. Minicorn. Stage: Seed Level39, Startupbootcamp
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (10/13) 168 Remittance > Appendix > Index of Top companies by Market B2B Payments Banking Channels Tramonex (2013, London) Ethereum tool based cross border payments to SMEs Minicorn. Stage: Funded UK Government SettlePay (2015, Nottingham) Online currency exchange service for businesses. Editor's Pick. Stage: Unfunded Wallex (2015, Singapore) Cross-border payments enabler Editor's Pick. Stage: Unfunded Blockchain Platform Veem (2014, San Francisco, $40M) B2B payment platform. Minicorn. Stage: Series B KPCB, Silicon Valley Bank, SBI Holdings and 15 Other Investors BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Soonicorn. Stage: Series A Greycroft Partners, Plug and Play Tech Center, Draper Associates and 10 Other Investors Wyre (2013, San Francisco, $5.8M) International money transfers using blockchain Minicorn. Stage: Series A Amway Southern Capital, Digital Currency Group, Draper Associates and 9 Other Investors Aggregator Sender Fee MoneySuperMarket (1993, Ewloe) A comparison site for financial products. IPO Date Jul 2007 Mcap - IPO Mcap - LON MONY P/E 22.21
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (11/13) 169 Remittance > Appendix > Index of Top companies by Market Enablers Enablers Fastacash (2012, Singapore, $23.5M) Payments via social networking sites Minicorn. Stage: Acquired Rising Dragon, Life.SREDA, SPRING Singapore and 4 Other Investors eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services IPO Date Oct 2005 Mcap - IPO Mcap - LON ESG P/E - Network Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Soonicorn. Stage: Series B Standard Chartered, SBI Holdings, Digital Ventures and 27 Other Investors PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Soonicorn. Stage: Series B Tritium Partners Regalii (2012, New York City, $8.1M) SMS based Non-Cash Remittances Platform provider Editor's Pick. Stage: Series A IGNIA, Kapor Capital, GP Ventures and 17 Other Investors Network TransferTo (2005, San Francisco, $3M) Global Airtime Remittance Hub Minicorn. Stage: Acquired Ingenico, STC Ventures Stellar (2014, San Francisco, $3M) Decentralized protocol for sending and receiving money in any pair of currencies Editor's Pick. Stage: Seed Nobu Network Streami (2015, Seoul, $2M) Middleware and infrastructure for Blockchain remittance Minicorn. Stage: Seed Shinhan Bank, ICB, Blue Point Capital Partners and 2 Other Investors Dragonfly Fintech (2014, Singapore) Blockchain based remittance services Minicorn. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (12/13) 170 Remittance > Appendix > Index of Top companies by Market Enablers Network Inpay (2007, Copenhagen) Cross-border payment network of banks. Editor's Pick. Stage: Unfunded Connect Africa Payments (2012, Nairobi) Payment network solution. Minicorn. Stage: Unfunded PayKii (2015, Arlington) Cross border bill payment hub Minicorn. Stage: Seed Ashby Point Capital, Assembly Capital Advisors Earthport (1997, London) Financial services organisation specialising in cross-border payments IPO Date Jan 2001 Mcap - IPO Mcap $14.7M LON EPO P/E - VIO Commerce (2013, Vancouver) Cloud based peer to peer money transfer. Editor's Pick. Stage: Unfunded Remittance-as-a-Service Currency Cloud (2012, London, $63.5M) Cross-border payment services provider Soonicorn. Stage: Series D GV, Sapphire Ventures, Anthemis Group and 9 Other Investors Hyphen (2016, Seoul) Blockchain settlement solution provider for businesses. Editor's Pick. Stage: Unfunded Vitesse (2014, Cobham) Global money transfer platform Minicorn. Stage: Funded Hoxton Ventures Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider IPO Date - Mcap - IPO Mcap $7.9M ASX PIL P/E - Risk Management Synops (2015, London) Foreign exchange risk management solution provider. Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (13/13) 171 Remittance > Appendix > Index of Top companies by Market Forex Currency Exchange BookMyForex (2011, Gurgaon, $3.1M) Online Money Exchange and Remittances Editor's Pick. Stage: Series A Faering Capital ICE (1973, London) Currency exchange service provider Editor's Pick. Stage: Unfunded BeeCambio (2015, Sao Paulo) Online platform connecting consumers and currency exchanges. Editor's Pick. Stage: Unfunded Interchange Financial (2010, Toronto) Currency exchange services Editor's Pick. Stage: Unfunded
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Funded Deadpooled Companies 172 Excludes all details for Chinese companies Remittance > Appendix > Funded Deadpooled Companies View all 86 Deadpooled companies on Tracxn Platform Funding Company Location $30M Boom Financial Palo Alto $7.8M RegaloCard Wellington $1.1M Yezzi Chicago $1M Forex Express Corp Los Angeles $500k MedicSana Austin $400k First Remit London $263k Cashila More $150k Netero Dallas $120k Moni London $120k Freeport Mobile Brooklyn $100k Paykind San Francisco $60k BitNexo Santiago Pa-Go Mobile Seattle iKobo Money Transfer Atlanta Zenbanx Wilmington Hellobit San Francisco Pocket Teller San Francisco Index of Deadpooled companies in Remittance
Gaurav Jain Senior Research Manager Rohit Kothari Lead Analyst Team 173 For research queries write to us at myanalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jun 2018
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved. Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com

More Related Content

PDF
Brex Pitch Deck
byPitch Decks
 
PDF
Linkedin Series B Pitch Deck
byJoseph Hsieh
 
PDF
Bolt pitch deck: $393M Series D, $6B+ valuation
byPitch Decks
 
PDF
Revolut pitch deck
byTech in Asia
 
PDF
235629204 snapchat-business-deck
byYan Rozovsky
 
PDF
Square Pitch Deck
byVishal Kumar
 
PPTX
The Deck We Used to Raise $1M Seed Round
byBen Lang
 
PDF
Anfin pitch deck
byTech in Asia
 
Brex Pitch Deck
byPitch Decks
 
Linkedin Series B Pitch Deck
byJoseph Hsieh
 
Bolt pitch deck: $393M Series D, $6B+ valuation
byPitch Decks
 
Revolut pitch deck
byTech in Asia
 
235629204 snapchat-business-deck
byYan Rozovsky
 
Square Pitch Deck
byVishal Kumar
 
The Deck We Used to Raise $1M Seed Round
byBen Lang
 
Anfin pitch deck
byTech in Asia
 

What's hot

PDF
Dropbox: $15K VC investment turned into $16.8B. Dropbox's initial pitch deck
byAA BB
 
PDF
Monzo: £19.3M VC investment turned into $2B. Monzo's Series C pitch deck
byAA BB
 
PDF
Uber Pitch Deck 2008
byRazin Mustafiz
 
PDF
Tinder Pitch Deck
byRyan Gum
 
PDF
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
byAA BB
 
PDF
LaunchRock
by500 Startups
 
PDF
Tesla Investor Presentation - Model S
bystartuphome
 
PDF
Coinbase Seed Round Pitch Deck
byBrian Armstrong
 
PDF
Contently Pitch Deck
byRyan Gum
 
PPT
BuzzFeed Pitch Deck
byTech in Asia ID
 
PDF
StudentFinance Series A pitch deck
byHajeJanKamps
 
PDF
Simple. Friendly. Smart.
byOscar Health Insurance
 
PPTX
Keptify Sales Deck
byRoshan Bhattarai
 
PDF
Zomato IPO deck
byTech in Asia
 
PDF
N26 pitch deck
byTech in Asia
 
PDF
Revolut Deep Dive
byFintech Fraternity
 
PDF
Square Pitch Deck
byAayush Agrawal
 
PDF
Pitch Deck 101
byMohamad Gandara Ranggani
 
PDF
Pitch deck
byJohnDough52
 
PDF
Starling Bank Deep Dive
byFintech Fraternity
 
Dropbox: $15K VC investment turned into $16.8B. Dropbox's initial pitch deck
byAA BB
 
Monzo: £19.3M VC investment turned into $2B. Monzo's Series C pitch deck
byAA BB
 
Uber Pitch Deck 2008
byRazin Mustafiz
 
Tinder Pitch Deck
byRyan Gum
 
Transferwise: €56K VC investment turned into $3.5B. Transferwise's initial pi...
byAA BB
 
LaunchRock
by500 Startups
 
Tesla Investor Presentation - Model S
bystartuphome
 
Coinbase Seed Round Pitch Deck
byBrian Armstrong
 
Contently Pitch Deck
byRyan Gum
 
BuzzFeed Pitch Deck
byTech in Asia ID
 
StudentFinance Series A pitch deck
byHajeJanKamps
 
Simple. Friendly. Smart.
byOscar Health Insurance
 
Keptify Sales Deck
byRoshan Bhattarai
 
Zomato IPO deck
byTech in Asia
 
N26 pitch deck
byTech in Asia
 
Revolut Deep Dive
byFintech Fraternity
 
Square Pitch Deck
byAayush Agrawal
 
Pitch Deck 101
byMohamad Gandara Ranggani
 
Pitch deck
byJohnDough52
 
Starling Bank Deep Dive
byFintech Fraternity
 

Similar to Tracxn - Remittance Startup Landscape

PPTX
Western Union Remittance Strategy
byMiles Wood
 
PDF
Tracxn Research: Payments Landscape, October 2016
byTracxn
 
PDF
Tracxn - Remittance Startup Landscape
byTracxn
 
PDF
Tracxn - Remittance Startup Landscape
byTracxn
 
PDF
Tracxn - Payments Startup Landscape
byAmar Christy
 
PDF
Tracxn - Payments Startup Landscape
byTracxn
 
PDF
Tracxn - Payments Startup Landscape
byTracxn
 
PPTX
Tracxn - Geo Monthly Report - FinTech - Dec 2021
byTracxn
 
PDF
Tracxn Remittance Startup Landscape Report, July 2016
byTracxn
 
PPTX
Remittance service in Singapore
byNikhil Kejriwal
 
PPTX
Digital Remittance Market Seeking Excellent Growth
byvishwanathkalkundrik
 
PPTX
qwdfPresentatfaawfwefwefwefefefffion.pptx
byManishPradhan49
 
PDF
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...
byMahindra Comviva
 
PDF
Tracxn - Payments Startup Landscape
byTracxn
 
PPTX
Tracxn Research - Mobile Payments Report, April 2017
byTracxn
 
PPTX
Tracxn - Top Business Models - FinTech - Mar 2022
byTracxn
 
PDF
Practical Use of Blockchain: Remittances
byThatCrypto
 
PPTX
Remittance business analysis from US to China
byKunal Maniyar
 
PDF
Mobile Money Transfer & Remittances:
byReportLinker.com
 
PPTX
Blockchain and bitcoin in global remittance: disruptor or facilitator
byDan Li
 
Western Union Remittance Strategy
byMiles Wood
 
Tracxn Research: Payments Landscape, October 2016
byTracxn
 
Tracxn - Remittance Startup Landscape
byTracxn
 
Tracxn - Remittance Startup Landscape
byTracxn
 
Tracxn - Payments Startup Landscape
byAmar Christy
 
Tracxn - Payments Startup Landscape
byTracxn
 
Tracxn - Payments Startup Landscape
byTracxn
 
Tracxn - Geo Monthly Report - FinTech - Dec 2021
byTracxn
 
Tracxn Remittance Startup Landscape Report, July 2016
byTracxn
 
Remittance service in Singapore
byNikhil Kejriwal
 
Digital Remittance Market Seeking Excellent Growth
byvishwanathkalkundrik
 
qwdfPresentatfaawfwefwefwefefefffion.pptx
byManishPradhan49
 
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...
byMahindra Comviva
 
Tracxn - Payments Startup Landscape
byTracxn
 
Tracxn Research - Mobile Payments Report, April 2017
byTracxn
 
Tracxn - Top Business Models - FinTech - Mar 2022
byTracxn
 
Practical Use of Blockchain: Remittances
byThatCrypto
 
Remittance business analysis from US to China
byKunal Maniyar
 
Mobile Money Transfer & Remittances:
byReportLinker.com
 
Blockchain and bitcoin in global remittance: disruptor or facilitator
byDan Li
 

More from Tracxn

PPTX
Canada Tech Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
FinTech - UK Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
India Tech Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
FinTech - SEA Annual Funding Report - 2024 (New).pptx
byTracxn
 
PPTX
Blockchain Technology - SEA Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
Environment Tech - SEA Annual Funding Report - 2024 (Old).pptx
byTracxn
 
PPTX
Fintech - India Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
FinTech - US Annual Funding Report - 2024.pptx
byTracxn
 
PPTX
Tracxn - Top Business Models in Singapore Tech - 19 Oct 2023
byTracxn
 
PPTX
Tracxn - Top_Business_Models_in_Sustainability_Tech_-_26_Oct_2023
byTracxn
 
PPTX
Tracxn - United States Tech Monthly Funding Report
byTracxn
 
PPTX
Tracxn - Top Business Models in Sustainability Tech - 26 Oct 2023
byTracxn
 
PPTX
Tracxn - Southeast Asia Tech Monthly Funding Report
byTracxn
 
PPTX
Tracxn - FinTech_-_India_Monthly_Funding_Report
byTracxn
 
PPTX
Tracxn - India Tech Monthly Funding Report
byTracxn
 
PPTX
India_Tech_Monthly_Funding_Report.pptx
byTracxn
 
PPTX
Tracxn - Top Business Models in Vietnam Tech - 20 Oct 2023
byTracxn
 
PPTX
Tracxn - Top Business Models in High Tech - 27 Oct 2023
byTracxn
 
PPTX
FinTech_-_India_Monthly_Funding_Report.pptx
byTracxn
 
PPTX
India_Tech_Monthly_Funding_Report.pptx
byTracxn
 
Canada Tech Annual Funding Report - 2024.pptx
byTracxn
 
FinTech - UK Annual Funding Report - 2024.pptx
byTracxn
 
India Tech Annual Funding Report - 2024.pptx
byTracxn
 
FinTech - SEA Annual Funding Report - 2024 (New).pptx
byTracxn
 
Blockchain Technology - SEA Annual Funding Report - 2024.pptx
byTracxn
 
Environment Tech - SEA Annual Funding Report - 2024 (Old).pptx
byTracxn
 
Fintech - India Annual Funding Report - 2024.pptx
byTracxn
 
FinTech - US Annual Funding Report - 2024.pptx
byTracxn
 
Tracxn - Top Business Models in Singapore Tech - 19 Oct 2023
byTracxn
 
Tracxn - Top_Business_Models_in_Sustainability_Tech_-_26_Oct_2023
byTracxn
 
Tracxn - United States Tech Monthly Funding Report
byTracxn
 
Tracxn - Top Business Models in Sustainability Tech - 26 Oct 2023
byTracxn
 
Tracxn - Southeast Asia Tech Monthly Funding Report
byTracxn
 
Tracxn - FinTech_-_India_Monthly_Funding_Report
byTracxn
 
Tracxn - India Tech Monthly Funding Report
byTracxn
 
India_Tech_Monthly_Funding_Report.pptx
byTracxn
 
Tracxn - Top Business Models in Vietnam Tech - 20 Oct 2023
byTracxn
 
Tracxn - Top Business Models in High Tech - 27 Oct 2023
byTracxn
 
FinTech_-_India_Monthly_Funding_Report.pptx
byTracxn
 
India_Tech_Monthly_Funding_Report.pptx
byTracxn
 

Recently uploaded

PDF
When Is the Right Time to Telegram Accounts_.pdf
by3tb3224qp2qbmz9iivnj
 
PDF
Trends and Predictions 2026_Reuters Institute
bydominikamizerska1
 
PDF
Power BI Sales Analysis: Performance, Trends, and Strategic Insights my final...
bymaduruth09
 
PDF
Operations and Data Support Portfolio | Delbert Ross Wanjala Investor Relatio...
byDelbertRossWanjala
 
PDF
Applied_Data_Science_Unit_One_Notes_for_reference
bysanguleumeshit
 
PPTX
[DSC Europe 25] Josip Saban - Career building for data professionals.pptx
byDataScienceConferenc1
 
PDF
Semantic Technology
byRathachai Chawuthai
 
PPTX
normal labor normal labor normal labor normal labor normal labor normal labor...
bymeksbaba1
 
PDF
[DSC Europe 25] Laila Kakar - Leveraging AI for Strategic Excellence: Enhanci...
byDataScienceConferenc1
 
PDF
Serverless Data Infrastructure (examples)
byMichal Gancarski
 
PPTX
Artificial neural network Available for instant download in exchange for a bi...
byvinstonr
 
PDF
[DSC Europe 25] Milovan Jovicic - Beyond AI's Reach: The Enduring Value of Ev...
byDataScienceConferenc1
 
PPTX
Child Safeguarding training ppt for one day.pptx
bymeasho Birhanu
 
PDF
Apache Iceberg - Transactional Storage for Large Datasets
byMichal Gancarski
 
PPTX
IKS-Unit 2 Part-1(1).pptxnnnnnnnnnnnnnnn
bykeshavmaggo
 
PPTX
[DSC Europe 25] Marcos Heidemann - Beyond the Hype: Making AI Coding Assistan...
byDataScienceConferenc1
 
PPTX
prevention for internet it is very important and good go check out
byUditi Uditi
 
PPTX
Enhanced signature verification through the integration of divers' models, op...
bychWaqasZahid
 
PPTX
Site Analyses Daffodil International uni
byfariha2305031021
 
PDF
(UPDATE) JADWAL GEREJA OPS LILIN 2025.pdf
byMinlantasSumber
 
When Is the Right Time to Telegram Accounts_.pdf
by3tb3224qp2qbmz9iivnj
 
Trends and Predictions 2026_Reuters Institute
bydominikamizerska1
 
Power BI Sales Analysis: Performance, Trends, and Strategic Insights my final...
bymaduruth09
 
Operations and Data Support Portfolio | Delbert Ross Wanjala Investor Relatio...
byDelbertRossWanjala
 
Applied_Data_Science_Unit_One_Notes_for_reference
bysanguleumeshit
 
[DSC Europe 25] Josip Saban - Career building for data professionals.pptx
byDataScienceConferenc1
 
Semantic Technology
byRathachai Chawuthai
 
normal labor normal labor normal labor normal labor normal labor normal labor...
bymeksbaba1
 
[DSC Europe 25] Laila Kakar - Leveraging AI for Strategic Excellence: Enhanci...
byDataScienceConferenc1
 
Serverless Data Infrastructure (examples)
byMichal Gancarski
 
Artificial neural network Available for instant download in exchange for a bi...
byvinstonr
 
[DSC Europe 25] Milovan Jovicic - Beyond AI's Reach: The Enduring Value of Ev...
byDataScienceConferenc1
 
Child Safeguarding training ppt for one day.pptx
bymeasho Birhanu
 
Apache Iceberg - Transactional Storage for Large Datasets
byMichal Gancarski
 
IKS-Unit 2 Part-1(1).pptxnnnnnnnnnnnnnnn
bykeshavmaggo
 
[DSC Europe 25] Marcos Heidemann - Beyond the Hype: Making AI Coding Assistan...
byDataScienceConferenc1
 
prevention for internet it is very important and good go check out
byUditi Uditi
 
Enhanced signature verification through the integration of divers' models, op...
bychWaqasZahid
 
Site Analyses Daffodil International uni
byfariha2305031021
 
(UPDATE) JADWAL GEREJA OPS LILIN 2025.pdf
byMinlantasSumber
 

Tracxn - Remittance Startup Landscape

  • 1.
  • 2.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 2 TAKE SHARPER DECISIONS WITH TRACXN ✓ Analyst team Covering 250+ Sectors ✓ Proprietary Business Model tagging ✓ 6000+ On-demand Queries answered ✓ Sector Reports, Market Maps ✓ One-Click Connect with Founders Join 500+ Investors & Corporates to get the Tracxn Advantage
  • 3.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 3 Feed Summary Investment Trend Summary Exit Outlook Summary BlueBox Summary of Key Markets Notable Companies in the Sector Recent News
  • 4.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on July 2, 2018. Remittance Feed Summary 4 Remittance > Feed Summary Cross border money transfer and bill payments. • Inclusions: Companies which provide platforms to send and receive money, recharge and pay bills across borders and B2B payments. It covers companies which enable cross border money transfer institutions (White label, Network). Also covers B2C Forex data platforms. • Exclusions: Cross border payment gateways • Excludes funding information of Chinese companies Feed in Numbers Overview $3.1B Funding 26 Mega Companies 182824 FundedCovered on Tracxn 6 Unicorns 22 Soonicorns 32 Minicorns 13 IPO’d Cos 59 Late Stage Cos 21 13 Acquisitions 86 DeadPooled 31 Acquihired Series A+ Cos Revolut (2014, London, $340M) WorldRemit (2010, London, $220M) Ripple (2012, San Francisco, $90.5M) Top Companies
  • 5.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Investment Trend Summary Summary of Funding Activity in Remittance 5 $280M - Series E TransferWise (2010, London, $397M) $110M - Series E Circle (2013, Boston, $246M) $250M - Series C Revolut (2014, London, $340M) $66M - Series B Revolut (2014, London, $340M) $180M - Series E Payoneer (2005, Petah Tikva, $270M) $62.1M - PE Imperial FX (1980, London, $62.1M) $115M - Series D Remitly (2011, Seattle, $227M) $60M - Series D Circle (2013, Boston, $246M) $115M - Series A TNG Wallet (2013, $115M) $57.5M - Angel Uphold (2014, San Francisco, $73M) Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend *YTD *YTD Remittance > Feed Summary > Investment Trend Summary Seed ACE and Company (#2), Fenway Summer Ventures (#2), Pantera Capital (#2) Series A/B Digital Currency Group (#4), Accel Partners (#2), Beenext (#2) Series C+ Rakuten Capital (#2), Sapphire Ventures (#2), Andreessen Horowitz (#1) Incubators 500 Startups (#9) Startupbootcamp (#8) Techstars (#6) Other Notable Investors Accion (#4), BnkToTheFuture (#3), Kima Ventures (#3) Debt Investors Silicon Valley Bank (#6), Idinvest Partners (#2), Mercia Technologies(#1) Most Active InvestorsRecent Investments 35 39 51 51 43 11 $66M $244M $530M $552M $850M $485M 2013 2014 2015 2016 2017 2018* $ Funding # Rounds $1.4B $1B $272M $69.7M $24M Europe US Israel SEA Australia $ Funding 73 124 168 89 31 4 2013 2014 2015 2016 2017 2018* Y-o-Y # of Companies Founded
  • 6.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Summary of exit outlook in Remittance Exit Outlook Summary 66 Most Active AcquirersTop Investors in Exits Index Ventures 2 TransferWise (2010, London, $397M) Revolut (2014, London, $340M) Seedcamp 2 TransferWise (2010, London, $397M) Revolut (2014, London, $340M) Herald Investment Management 2 eServGlobal (1983, Paris) Earthport (1997, London) ACE and Company 1 TransferWise (2010, London, $397M) Balderton Capital 1 Revolut (2014, London, $340M) Jun 2018 Hyperwallet Systems Acq by PayPal Careers for $400M Apr 2018 Skrill Acq by Optimal Payments for $1.2B Aug 2017 Cambridge Global Payments Acq by FleetCor Technologies for $690M Jan 2017 MoneyGram Acq by Ant Financial for $880M Jul 2015 Xoom Acq by PayPal for $890M Aug 2014 Moneycorp Acq by Bridgepoint Capital for $352M Remittance > Feed Summary > Exit Outlook Summary Bridgepoint Capital 1 Moneycorp (Aug 2014, $352M) PayPal 1 Xoom (Jul 2015, $890M) Equistone Partners Europe 1 Small World FS (Mar 2018, $113M) First Data 1 Vigo Remittance Corporation (Oct 2005, $364M) FleetCor Technologies 1 Cambridge Global Payments (Aug 2017, $690M) Recent IPOs Top Acquisitions MoneySuperMarket Jul 2007 A comparison site for financial products.… IPO MCap: - Current MCap: - Western Union Oct 2006 Money transfer service IPO MCap: - Current MCap: $9.3B eServGlobal Oct 2005 Mobile Money & Mobile Financial Services IPO MCap: - Current MCap: - Transcorp Oct 2001 Remittance and other financial services p… IPO MCap: - Current MCap: $14.4M FairFX Aug 2014 Prepaid currency cards, travel cash and i… IPO MCap: $51.3M Current MCap: - OFX Nov 2013 International money transfer service prov… IPO MCap: $454M Current MCap: - Midpoint Dec 2010 Peer to peer Foreign Exchange and Interna… IPO MCap: $1.9M Current MCap: - Peppermint Innovation May 2008 Proprietary Mobile Banking Technology pro… IPO MCap: $7.9M Current MCap: -
  • 7.
    For any Feedbackand Query reach out to MyAnalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.* Upcoming Business Model Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies FACTSHEET Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Overview Companies 824 Funded 182 Series A+ 59 Funding $3.1B Last 2 yrs $1.5B Most Active Investors Seed Pantera Capital (2) Series A/B Digital Currency Group (4) Series C+ Rakuten Capital (2) Others Accion (4) Incubators 500 Startups (9) Top Cities London 169 Cos $1.3B Bay Area 37 Cos $409M Feed in Numbers Unicorns 6 Soonicorns 22 Minicorns 32 Editor Picks 132 Acquihired 31 Deadpooled 86 Top Companies Ripple (2012, San Francisco, $90.5M) Revolut (2014, London, $340M) WorldRemit (2010, London, $220M) Exits IPOs 13 OFX, FairFX Acquisitions 13 Hyperwallet Systems, Skrill Top Acquirers Bridgepoint Capital, PayPal Marketmap: Remittance OFFLINE CHANNELS AGENT NETWORK INTERNATIONAL BILL PAYMENTS EDUCATION PAYMENTS UTILITY BILL PAYMENTS BLOCKCHAIN BLOCKCHAIN* ENABLERS REMITTANCE AS A SERVICENETWORK BLOCKCHAIN* ONLINE CHANNELS BANKING CHANNELS WALLET Remittance > Feed Summary > BlueBox 7
  • 8.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Key Sub Sectors in Remittance Sector Summary of Key Markets 8 Top Markets of Investment Activity # Cos on Platform Last 2 Years $ Invested # Round Retail Payments > Local In-Local Out 248 $537M 14 B2B Payments > Banking Channels 58 $300M 15 Retail Payments > Wallet Money > Multi Currency Account 28 $411M 9 Retail Payments > Wallet Money 82 $119M 6 Sub Sectors # Cos Tracked # Funded Total Funding Retail Payments Companies that help individuals to transfer money internationally 576 116 $2.2B B2B Payments Companies that offer cross border money transfer and mass payout solutions to businesses 70 28 $645M Enablers Companies that offer APIs and technology to enable remittance 56 17 $223M Forex Companies that enable users to compare and exchange foreign currency 82 10 $8.3M Aggregator Companies that enable users to compare remittance rates across various money transfer... 40 11 $1.6M Remittance > Feed Summary > Summary of Key Markets
  • 9.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies in Remittance Notable Companies in the Sector 9 Note: *(Founded Year, Location, Total Funding) Remittance > Feed Summary > Notable Companies in the Sector Public OFX (1998, Sydney)* FairFX (2006, London) Earthport (1997, London) Midpoint (1998, London, $1.1M) Wave Systems (2014, Lee, $825k) Euronet Worldwide (1994, Leawood) MoneySuperMarket (1993, Ewloe) Transcorp (1984, Jaipur) Boss Revolution (2008, Newark) eServGlobal (1983, Paris) Public Peppermint Innovation (2014, Perth) Telupay (2010, Makati) Western Union (1851, Englewood) Acquired Skrill (2001, London) Xoom (2001, San Francisco, $106M) MoneyGram (1940, Dallas) Cambridge Global Payments (1992, Toronto, $20M) Hyperwallet Systems (2000, California) Vigo Remittance Corporation (1986, Sunrise) Moneycorp (1962, London) Currencies Direct (1996, London) Intermex (1994, Miami) Acquired HiFX (1997, Windsor) Small World FS (2005, London) Unicorns TransferWise (2010, London, $397M) Revolut (2014, London, $340M)
  • 11.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (1/6) 11 Remittance > Feed Summary > Notable Companies by Market Retail Payments Local In-Local Out TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Local In-Local Out Xoom (2001, San Francisco, $106M) International personal remittances Stage: Acquired Sequoia Capital, New Enterprise Associates, DAG Ventures and 7 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform Editor's Pick. Stage: Public Local In-Local Out Euronet Worldwide (1994, Leawood) Electronic payments provider Unicorn. Stage: Public Innova Capital, Advent International, Euroventures Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded OFX (1998, Sydney) International money transfer service provider. Soonicorn. Stage: Public Accel Partners, The Carlyle Group Transcorp (1984, Jaipur) Remittance and other financial services provider Editor's Pick. Stage: Public
  • 12.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (2/6) 12 Remittance > Feed Summary > Notable Companies by Market Retail Payments Local In-Local Out Small World FS (2005, London) An international money transfer service provider Stage: Acquired FF and P Private Equity, MMC Ventures, Stonehage Fleming Private Equity and 2 Other Investors FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer Stage: Public HiFX (1997, Windsor) Foreign exchange and international money transfer Stage: Acquired Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Stage: Acquired RBS Group, Pollen Street Capital Telupay (2010, Makati) Mobile and Payment making platform provider. Stage: Public Wallet Money Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors TNG Wallet (2013, $115M) Hong Kong-based mobile wallet Soonicorn. Stage: Series A NewMargin Ventures Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka Wave Systems (2014, Lee, $825k) International remittance app Editor's Pick. Stage: Public Y Combinator, Southeast Interactive, Genesys Partners and 1 Other Investors Wallet Money Skrill (2001, London) Online money transfer and wallet provider Unicorn. Stage: Acquired Idinvest Partners, CVC Capital Partners
  • 13.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (3/6) 13 Remittance > Feed Summary > Notable Companies by Market Retail Payments Blockchain Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Soonicorn. Stage: Series E Bitmain, Breyer Capital, General Catalyst Partners and 16 Other Investors Offline MoneyGram (1940, Dallas) Leading Money transfer service Unicorn. Stage: Acquired Goldman Sachs, Blum Capital Partners TransFast (1988, New York City) International, money transfer and payments company Soonicorn. Stage: Acquired Apis Partners, Comvest Partners Intermex (1994, Miami) Money transfer service provider Soonicorn. Stage: Acquired Banyan Mezzanine Funds Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform. Editor's Pick. Stage: Acquired Great Hill Partners Offline Western Union (1851, Englewood) Money transfer service Stage: Public
  • 14.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (4/6) 14 Remittance > Feed Summary > Notable Companies by Market Retail Payments Alternative Remittance Flywire (2009, Boston, $43.2M) Global money transfer in local currency Soonicorn. Stage: Series C Bain Capital Ventures, Spark Capital, Accel Partners and 9 Other Investors Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services Stage: Public B2B Payments Banking Channels Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North and 1 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital Blockchain Platform BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Soonicorn. Stage: Series A Greycroft Partners, Plug and Play Tech Center, Draper Associates and 10 Other Investors
  • 15.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (5/6) 15 Remittance > Feed Summary > Notable Companies by Market Aggregator Sender Fee MoneySuperMarket (1993, Ewloe) A comparison site for financial products. Unicorn. Stage: Public Enablers Enablers eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services Stage: Public Herald Investment Management Network Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Soonicorn. Stage: Series B Standard Chartered, SBI Holdings, Digital Ventures and 27 Other Investors PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Soonicorn. Stage: Series B Tritium Partners Earthport (1997, London) Financial services organisation specialising in cross-border payments Editor's Pick. Stage: Public Herald Investment Management, HU Investments
  • 16.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies by Market in Remittance Notable Companies by Market (6/6) 16 Remittance > Feed Summary > Notable Companies by Market Enablers Remittance-as-a-Service Currency Cloud (2012, London, $63.5M) Cross-border payment services provider Soonicorn. Stage: Series D GV, Sapphire Ventures, Anthemis Group and 9 Other Investors Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider Stage: Public
  • 17.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 List of Notable Companies in Remittance in China Notable Companies in the Sector in China 17 Remittance > Feed Summary > Notable Companies in the Sector in China Public Foreign Exchange (2015, Hong Kong) MoneySwap (1999, Hong Kong)
  • 18.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News 18 Jun 2018 Ripple Forges into India with the Help of a Major Bank, nulltx.com Jun 2018 Payoneer Lights Up the Digital Marketing Industry with Rapid Growth, Corporate Partnerships and Working Capital Offering, GlobeNewswire Jun 2018 UAE Exchange targets 10% remittance growth on higher liquidity, The National Jun 2018 Indian Bank Kotak Mahindra Announces RippleNet Integration, Crypto News Jun 2018 FairFX launches international business account for small businesses, Finextra Jun 2018 Crypto Startup Uphold Moves to Become Licensed U.S. Broker- Dealer, globalbitcoin.co.uk Jun 2018 Digital Money Platform Uphold to Acquire New York-Based Broker- Dealer JNK Securities, Business Wire Jun 2018 Fexco invests €500,000 in fintech firm Cambrist, Independent.ie Jun 2018 Payoneer Teams Up with e-Residency for Cross-border Payments in India, BW Businessworld Jun 2018 Goldman Sachs-backed Circle sees boom in crypto demand from institutional investors, despite bear market, CNBC Jun 2018 RakBank, Xpress Money partner for payment service, Trade Arabia Jun 2018 Fintech friends: Monzo partners with TransferWise for international payments, Tech News Universe Jun 2018 PayPal’s Xoom arm hikes remittance limit to India, Indiatimes Key Recent News Key Recent News Jun 2018 Business Mergers and Technology Updates, blogspot.com Jun 2018 Wildflower Health Acquires Circle, an Innovative Mobile Health Business Incubated by Providence St. Joseph Health, PR Newswire Jun 2018 Ripple, Monero Find New Storage Option With Edge Mobile Wallet, PR Newswire Jun 2018 PayPal's investment case looks robust in the wake of Hyperwallet Systems acquisition, says Wedbush, Proactive Investors Jun 2018 Ding, Etecsa ink Cubacel SIM and handset deal, Telecompaper Jun 2018 Crypto Startup Circle Reveals How It Chooses New Token Listings, CoinDesk Jun 2018 U.S. PayPal buys global payouts platform HyperWallet for $400 mln, investsize.com Jun 2018 PayPal Significantly Enhances Global Payout Capabilities With Acquisition of Hyperwallet, Business Wire Jun 2018 InstaReM launches in the UK, Finextra Jun 2018 First Global Enters into Strategic Partnership to Expand Philippines Remittances from Canada, CNW Jun 2018 WorldFirst May Beat PayPal In Securing China Payment License, PYMNTS Jun 2018 Kwesé TV sealed deal with WorldRemit, NexTV News Africa Jun 2018 Revolut App Update: Announces New Accounts, Analytics, & Payment Screens, Crowdfund Insider Remittance > Feed Summary > Recent News
  • 19.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 19 Funding Trends Median Deal Size and Trend New Entrants in Funding Club Distribution of companies by Funding Range Funding Funnel of the Sector Top Investments and Investors Investors in Unicorn club
  • 20.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
  • 21.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 $69M $39M $66M $244M $530M $552M $850M $485M 0 10 20 30 40 50 60 $0k $100M $200M $300M $400M $500M $600M $700M $800M $900M 2011 2012 2013 2014 2015 2016 2017 2018* $ Funding # Rounds Investments ($M) and number of rounds in Remittance; 2011-2018 Global Funding Trends (1/2) 21 Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies Remittance > Investment Trends > Global Funding Trends #Rounds $Funding 3 Year CAGR 6 Year CAGR 3% # of Rounds52% $ Funding 26% # of Rounds 52% $ Funding
  • 22.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 5 11 21 18 30 25 19 3 5 4 13 17 15 20 17 4 1 1 1 4 6 6 7 4 2011 2012 2013 2014 2015 2016 2017 2018 YTD Seed Early Stage Late Stage 11 11 Total # of Rounds $4M $9M $18M $11M $19M $15M $12M $59M $40M $13M $48M $207M $313M $179M $317M $17M $25M $17M $26M $199M $358M $522M $410M 2011 2012 2013 2014 2015 2016 2017 2018 YTD Seed Early Stage Late Stage $45M $0K $0K $120M $411M $420M $762M $468M 0 1 2 3 4 5 6 7 8 9 10 0 100000000 200000000 300000000 400000000 500000000 600000000 700000000 800000000 900000000 2011 2012 2013 2014 2015 2016 2017 2018 YTD $ Funding # of Rounds 22 Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies Stage-wise Number of RoundsStage-wise $ Invested New Entrants in Funded ClubMega Rounds Global Funding Trends (2/2) Investments ($M) and number of rounds in Remittance; 2011-2018 Remittance > Investment Trends > Global Funding Trends 16 15 18 22 17 17 105 $2.4M $2.8M $0.0M $1.0M $2.0M $3.0M $4.0M $5.0M $6.0M $7.0M $8.0M $9.0M $10.0M 0 20 40 60 80 100 120 2012 2013 2014 2015 2016 2017 2018 YTD Total Entrants in Funding Club Avg. Ticket Size 2 - - 4 8 7 9 5 $2.4M $2.1M $2M $0.5M $3M $9.5M - $2.8M $69M $485M Total $ Invested
  • 23.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201823 Remittance > Investment Trends > Funding Trends by Geography Investments ($M) and number of rounds in Remittance Funding Trends by Geography Funding Trends by Geography Top Cities of Funding City $ Funding # Rounds London 1.3B 78 Bay Area 409M 41 Boston 289M 11 Petah Tikva 270M 9 Seattle 215M 7 Singapore 51.2M 15 Chicago 35.4M 5 Dublin 33.2M 6 Paris 25.9M 5 Leawood 25M 3 Total Funding 103 98 13 31 5 1 5 2 # Rounds $1.4B $1B $272M $69.7M $24M $11M $6.6M $6M Europe US Israel SEA Australia Bangladesh India Mauritius Note: Excludes funding information of China companies
  • 24.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201824 Trend of Average Deal Size ($M) $0.9 $1.0 $1.0 $0.7 $0.9 $0.9 $1.0 2011 2012 2013 2014 2015 2016 2017 $3.0 $3.3 $3.9 $13.4 $10.2 $5.5 $21.5 $15.3 $0.0 $6.3 $14.3 $32.7 $13.5 $20.8 $25.0 $17.0 $0.0 $13.0 $33.2 $59.6 $104.3 Remittance > Investment Trends > Median Deal Size and Trend Median and Average Deal Size in $M (per Stage) in Remittance; 2011-2017 Median Deal Size and Trend Note: Excludes funding information of Chinese companies. *Graph not to scale Median Deal Size and Range $10.9K* $57.5M $320K $115M $250K $100M $825K $280M $38M $10.8M $4.5M $603K Series C+ Series B Series A Seed Stage
  • 25.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: 82 companies with undisclosed funding amount are not included 25 <$1M $1-10M $10-50M $50-100M $100M+ Funding Range 34 33 22 6 9 No. of Companies Remittance > Investment Trends > Distribution of companies by Funding Range No. of companies by funding range in Remittance; as of Jul 2018 Distribution of companies by Funding Range $10M $101M $491M $413M $2.B $ Investment
  • 26.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Stage No. of Companies Funding Funnel 100% 22% 7% 5% 3% 26 Note: Numbers in the brackets show the count of companies Time to raise next round 21 39 59 182 824 Series C+ Series B Series A Funded Founded Next Round 100M+ Valuation Exits Acqui- Hired Dead Pooled Others 22% 5% (41) 3% (24) 4% (33) 10% (86) 63% (523) 32% 19% (34) 10% (18) 7% (13) 9% (17) 51% (93) 66% 39% (23) 12% (7) 8% (5) 7% (4) 19% (11) 54% 51% (20) 15% (6) 5% (2) 3% (1) 38% (15) - 76% (16) 29% (6) 5% (1) 5% (1) 19% (4) Remittance > Investment Trends > Funding Funnel Number of companies progressing to subsequent funding stages in Remittance Funding Funnel 14 Months 15 Months 19 Months Investment backedBootstrapped 22 6 12 8 Soonicorns Unicorns Acquisitions IPOs
  • 27.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201827 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (1/5) LATE STAGE $280M - Series E Nov 2017 TransferWise (2010, London, $397M) International money transmitter based on currency swaps Old Mutual Global Investors, IVP, Sapphire Ventures, Mitsui & Co, World Innovation Lab, Andreessen Horowitz, Baillie Gifford, Richard Branson $250M - Series C Apr 2018 Revolut (2014, London, $340M) Cloud money app for currency exchange. Index Ventures, Ribbit Capital, DST Global, Draper Esprit, Lakestar, Baring Vostok $180M - Series E Oct 2016 Payoneer (2005, Petah Tikva, $270M) Global money transfer service Susquehanna Growth Equity, Technology Crossover Ventures LATE STAGE $115M - Series D Oct 2017 Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Stripes Group, DFJ, DN Capital, PayU $110M - Series E May 2018 Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Bitmain, Breyer Capital, General Catalyst Partners, Accel Partners, Blockchain Capital, Digital Currency Group, IDG Capital, Pantera Capital, Tusk Ventures $62.1M - PE Mar 2017 Imperial FX (1980, London, $62.1M) Cash based leveraging agent to transfer money. $40M - Series C Dec 2017 WorldRemit (2010, London, $220M) Online remittance platform provider. LeapFrog Investments, Accel Partners, Technology Crossover Ventures, JPMorgan, Omidyar Network LATE STAGE $38M - Series C Sep 2016 Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. IFC, Silicon Valley Bank $30M - Series C Feb 2018 Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. $24.4M - Series D Mar 2017 Currency Cloud (2012, London, $63.5M) Cross-border payment services provider GV, Sapphire Ventures, Anthemis Group, Notion, Rakuten Capital $20M - Series C May 2018 Azimo (2012, London, $66.5M) P2P money transfer provider e.ventures, Frog Capital, Greycroft Partners, Quona Capital, Silicon Valley Bank, MCI Capital, Rakuten Capital
  • 28.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201828 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (2/5) LATE STAGE PE Mar 2017 TransFast (1988, New York City) International, money transfer and payments company Apis Partners Series E Dec 2017 Payoneer (2005, Petah Tikva, $270M) Global money transfer service CBC Capital, Technology Crossover Ventures, W Capital Partners EARLY STAGE $115M - Series A Sep 2017 TNG Wallet (2013, $115M) Hong Kong-based mobile wallet NewMargin Ventures $66M - Series B Jul 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Index Ventures, Balderton Capital, Ribbit Capital $55M - Series B Sep 2016 Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Standard Chartered, SBI Holdings, Digital Ventures $35.4M - Series B Nov 2017 TransferMate (2008, Chicago, $35.4M) International money transfer service AIB Bank EARLY STAGE $24M - Series B Mar 2017 Veem (2014, San Francisco, $40M) B2B payment platform. KPCB, Silicon Valley Bank, SBI Holdings, National Australia Bank, GV $22M - Series B Oct 2016 PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Tritium Partners $14M - Series B Sep 2016 Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. SGVC $13M - Series B Jul 2017 Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider GSR Ventures, SBI Ven Capital, Vertex Ventures, Fullerton Financial, Global Founders Capital
  • 29.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201829 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (3/5) EARLY STAGE $13M - Series A May 2017 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Tencent, Sequoia Capital, Mastercard $11.2M - Series B Sep 2016 Afrimarket (2013, Paris, $14.6M) Cash based money transfer to Africa. Global Innovation Fund $10.5M - Series B Oct 2017 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. IW Capital $10M - Series B Jul 2016 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Ascot Capital Partners, EC1 Capital, IW Capital EARLY STAGE $9.1M - Series A Jul 2016 Revolut (2014, London, $340M) Cloud money app for currency exchange. Balderton Capital, Index Ventures, Ribbit Capital, Point Nine Capital, Seedcamp $8.8M - Series B Nov 2016 CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Octopus Ventures, Frontline Ventures $6M - Series B Jul 2017 Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Idinvest Partners, Mundi Ventures, Partech $6M - Series B Dec 2017 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Square Peg Capital EARLY STAGE $5.8M - Series A Dec 2016 Wyre (2013, San Francisco, $5.8M) International money transfers using blockchain Amway Southern Capital, Digital Currency Group, Draper Associates, Baofoo, Seabed VC, Boost VC, JiuFu $5.3M - Series B Jul 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Seedrs $5M - Series A May 2017 Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Naspers $5M - Series A Oct 2016 Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Accion, Innovation Endeavors, Pantera Capital, Digital Currency Group, Wavemaker Partners, Global Brain, Beenext, Rebright Partners, Kickstart Ventures, IdeaSpace Foundation
  • 30.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201830 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (4/5) EARLY STAGE $4.5M - Series B Apr 2018 MFS Africa (2009, Port Louis, $6M) Financial service provider in Africa. LUN Partners, Goodwell $3M - Series B Oct 2016 WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. $2.5M - Series A Jan 2017 BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Draper Associates, Greycroft Partners, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Pantera Capital, Zephyr Management, Colle Capital, Future Perfect Ventures $1.5M - Series A Dec 2017 MFS Africa (2009, Port Louis, $6M) Financial service provider in Africa. Goodwell EARLY STAGE Series B May 2017 Ebury (2009, London, $119M) B2B payment service provider. NIBC Series A Aug 2017 BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Greycroft Partners, Plug and Play Tech Center SEED STAGE $57.5M - Angel Jan 2018 Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Greg Kidd $3M - Seed Jul 2016 Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Gobi Partners, Gravity Venture Capital $1M - Seed Oct 2016 Remitr (2014, Mumbai, $1M) Online platform cross border money transfer SmartStartFund, Singapore Angel Network, Pravin Gandhi, Vijay Shekhar Sharma, Kunal Shah, Sandeep Tandon, Vishal Gondal, Japan Vyas, Yezdi Lashkari, OperatorVC $120k - Seed Oct 2017 Neema (2013, Tel Aviv, $370k) Mobile wallet app provider to send money cross borders. Y Combinator
  • 31.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201831 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months (5/5) SEED STAGE Angel Mar 2017 Revolut (2014, London, $340M) Cloud money app for currency exchange. Seed Apr 2018 Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Startupbootcamp Seed Jun 2017 Paycase (2014, Toronto) Universal banking platform that leverages blockchain technology Two Small Fish Ventures
  • 32.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201832 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Notable Investments in last 24 months in China Major funding rounds by Stage in Remittance; Jul 2016-Jul 2018 Notable Investments in last 24 months in China EARLY STAGE $1.5M - Series A Jul 2016 IPayLinks (2015, Shanghai, $1.5M) Cross border payment platform Series B Mar 2018 IPayLinks (2015, Shanghai, $1.5M) Cross border payment platform Tencent, Legend Capital
  • 33.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Most Active Investors (VC, PE) by Stage in Remittance; Last 5 years (Jul 2013-Jul 2018) Most Active VC & PE Investors 33 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investment Trends > Most Active VC & PE Investors SEED STAGE Pantera Capital(2 Investments) Veem, BitPesa 1 Fenway Summer Ventures(2 Investments) Veem, Sipree 2 ACE and Company(2 Investments) TransferWise, Toastme 3 Seedcamp Revolut 4 Digital Currency Group BitPesa 5 Index Ventures Revolut 6 Blockchain Capital BitPesa 7 Balderton Capital Revolut 8 Gobi Partners Airwallex 9 NFT Ventures Betalo 10 EARLY STAGE Digital Currency Group (4 Investments) Ripple, Veem, Coins.ph 1 Accel Partners (2 Investments) WorldRemit, Circle 2 Pantera Capital (2 Investments) Circle, Coins.ph 3 Greycroft Partners (2 Investments) Azimo, BitPesa 4 GV (2 Investments) Ripple, Veem 5 IGNIA(2 Investments) Regalii, Pangea Money Transfer 6 Beenext(2 Investments) Ayannah, Coins.ph 7 QED Investors Remitly 8 Frontline Ventures CurrencyFair 9 RRE Ventures Ripple 10 LATE STAGE Rakuten Capital (2 Investments) Azimo, Currency Cloud 1 Sapphire Ventures (2 Investments) TransferWise, Currency Cloud 2 IDG Capital Circle 3 Susquehanna Growth Equity Payoneer 4 Digital Currency Group Circle 5 Andreessen Horowitz TransferWise 6 Nyca Payoneer 7 Stripes Group Remitly 8 Blockchain Capital Circle 9 Fenway Summer Ventures Circle 10
  • 34.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201834 Remittance > Investment Trends > Most Active Ecosystem Investors Top Ecosystem Investors in Remittance; Last 5 years (Jul 2013-Jul 2018) Most Active Ecosystem Investors INCUBATOR/ACCELERATOR 500 Startups(9 Investments) Flywire, Ayannah, Qwikwire 1 Startupbootcamp(8 Investments) Toastme, Kuan, CherryPay 2 Techstars(6 Investments) Remitly, Moni, B2B Pay 3 Boost VC(4 Investments) Veem, Wyre, Volabit 4 Plug and Play Tech Center(3 Investments) Fastacash, BitPesa, Bitwage 5 Life.SREDA(2 Investments) Fastacash, Ayannah 6 Y Combinator(2 Investments) Regalii, Neema 7 Chinaccelerator BitNexo 8 Fast Track Malmo PlingPay 9 IdeaSpace Foundation Coins.ph 10 OTHER NOTABLE INVESTORS Accion(4 Investments) Azimo, Coins.ph, Quippi 1 BnkToTheFuture(3 Investments) BitPesa, Bitwage, AirTM 2 Kima Ventures(3 Investments) Afrimarket, Iban First, Neema 3 Apax Partners(2 Investments) Traxpay, Travelex 4 Level39(2 Investments) Senit, Monuva 5 SBI Holdings(2 Investments) Ripple, Veem 6 Seedrs(2 Investments) Revolut, TransferGuru 7 SpeedUPAfrica(2 Investments) Mergims, VugaPay 8 Technology Crossover Ventures(2 Investments) Payoneer, WorldRemit 9 Tusk Ventures(2 Investments) Ripple, Circle 10 DEBT INVESTORS Silicon Valley Bank(6 Investments) WorldRemit, Remitly, Azimo 1 Idinvest Partners(2 Investments) Kantox, Skrill 2 Mercia Technologies Kwanji 3
  • 35.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201835 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (1/3)
  • 36.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201836 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (2/3)
  • 37.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201837 Remittance > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (3/3)
  • 38.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201838 Remittance > Investment Trends > Unicorn Investors in the Sector Unicorn Investors in the Sector
  • 39.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 39 BlueBox Key Sub Sectors Detailed Sector Taxonomy Top Markets of Investment Activity Top Markets of Early Stage Investors Other Notable Markets Market Deep Dive
  • 40.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
  • 41.
    For any Feedbackand Query reach out to MyAnalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.* Upcoming Business Model Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies FACTSHEET Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Marketmap: Remittance 41 Remittance > Market Details > BlueBox
  • 42.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Key Sub Sectors 42 Key Sub Sectors in Remittance Market Top Companies # Cos Tracked # Funded Total Funding Retail Payments Companies that help individuals to transfer money internationally Xoom (2001, San Francisco, Acquired) TransferWise (2010, London, $397M) 576 116 $2.2B B2B Payments Companies that offer cross border money transfer and mass payout solutions to businesses Cambridge Global Payments (1992, Toronto, Acquired) Payoneer (2005, Petah Tikva, $270M) 70 28 $645M Enablers Companies that offer APIs and technology to enable remittance Fastacash (2012, Singapore, Acquired) Ripple (2012, San Francisco, $90.5M) 56 17 $223M Forex Companies that enable users to compare and exchange foreign currency Wall Street Finance (1986, Mumbai, Acquired) BookMyForex (2011, Gurgaon, $3.1M) 82 10 $8.3M Aggregator Companies that enable users to compare remittance rates across various money transfer operators (MTOs) MoneySuperMarket (1993, Ewloe, Public) The Money Cloud (2014, London, $794k) 40 11 $1.6M Remittance > Market Details > Key Sub Sectors
  • 43.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (1/4) 43 Remittance > Market Details > Detailed Sector Taxonomy
  • 44.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (2/4) 44 Remittance > Market Details > Detailed Sector Taxonomy
  • 45.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (3/4) 45 Remittance > Market Details > Detailed Sector Taxonomy
  • 46.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Detailed Sector Taxonomy (4/4) 46 Remittance > Market Details > Detailed Sector Taxonomy
  • 47.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rank Market Last 2 Years $ Invested # Round Top Funded Company 1 (-) Retail Payments > Local In-Local Out Companies that help individuals to transfer money internationally via bank partnerships (Companies covered 248 | Funded 42 | Total Funding $1.1B) $537M (-$25M) 14 (-50) TransferWise (2010, London, $397M) 2 (-) B2B Payments > Banking Channels Companies that leverage bank network to offer currency exchange, trade finance, mass payout services (Companies covered 58 | Funded 20 | Total Funding $588M) $300M (+$32.5M) 15 (-11) Payoneer (2005, Petah Tikva, $270M) 3 (+1) Retail Payments > Wallet Money > Multi Currency Account Companies that offer multi-currency travel account with a prepaid debit card (Companies covered 28 | Funded 6 | Total Funding $446M) $411M (+$382M) 9 (-) Revolut (2014, London, $340M) 4 (-1) Retail Payments > Wallet Money Companies that enable money transfer using the currency stored in the mobile wallet (Companies covered 82 | Funded 17 | Total Funding $167M) $119M (+$75.9M) 6 (-8) TNG Wallet (2013, 0, $115M) 47 Note: The numbers in the bracket represent the change in a 2 year period. Top Markets of Investment Activity Top Markets by Funding in Remittance in last 2 years (July 2016 - June 2018) Remittance > Market Details > Top Markets of Investment Activity
  • 48.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rank Market # Investments Key Investments 1 B2B Payments > Banking Channels Companies that leverage bank network to offer currency exchange, trade finance, mass payout services (Companies created 58 | Funded 20 | Total Funding $588M ) 1 Airwallex (2015, Melbourne, $24M) Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures 48 Top Markets of Early Stage Investors Top Markets where Early Stage Investors are investing in last 2 years (July 2016 - June 2018) Remittance > Market Details > Top Markets of Early Stage Investors
  • 49.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators 500 Startups (#1) Seed Index Ventures (#1), IA Ventures (#1) Series A/B Accel Partners (#1), Virgin (#1) Series C+ Silicon Valley Bank (#2), Old Mutual Global Investors (#1) Small World FS Mar - 2018 Acq by Equistone Partners Europe for $113M Currencies Direct Aug - 2015 Acq by Palamon Capital Partners for $310M Xoom Jul - 2015 Acq by PayPal for $890M Moneycorp Aug - 2014 Acq by Bridgepoint Capital for $352M FairFX Aug - 2014 IPO'd on LON HiFX Mar - 2014 Acq by Euronet Worldwide for $242M $20M - Series C Azimo (2012, London, $66.5M) $10M - Series B TransferGo (2012, London, $16.4M) $40M - Series C WorldRemit (2010, London, $220M) $5.4M - Series A Betalo (2011, Stockholm, $8.1M) $280M - Series E TransferWise (2010, London, $397M) $115M - Series D Remitly (2011, Seattle, $227M) Aug 2017 Firs, Etranzact Launch PayFIRS.net to help Government Reach N5 trillion tax collection Target for 2017, Tech Moran May 2013 P2P Currency Exchange TransferWise Raises $6M Led By Peter Thiel’s Valar Ventures, With Participation From SV Angel, Others, TechCrunch Jun 2017 Nigeria’s Thrivesend online money transfer officially launched, Innov8tiv Aug 2017 eTranzact Gross Revenue Hits N10.4bn, Declares DividendNaija247news, Naija247news Jun 2017 Transferwise Updates on US Business Progress, Crowdfund Insider Nov 2017 Beyond Borders Japan Partners with Leading Currency Exchange Company in Australia OFX, HITECH news articles Jul 2017 Former CMC Veteran Leandra McPhillips Joins Global Reach Partners, Finance Magnates Oct 2017 TransferWise changes fees for GBP transfers, introduces complicated flat transaction fees, Tech News Universe Aug 2017 Thomas Cook India Partners Euronet Worldwide To Create Next Generation Prepaid Travel Cards, BW Businessworld Aug 2017 FCA consents to FairFX acquisition of CardOne, Digital Look Aug 2017 England-based TransferWise brings its 'Borderless' bank account to Canada, Financial Post Jul 2017 Euronet Worldwide Reports Second Quarter 2017 Financial Results, 4-Traders Nov 2017 FEXCO Expands Further in the UK, Industry and Business Nov 2017 WorldRemit expands service across Gulf, Trade Arabia News 0 2 4 6 8 10 12 14 $0k $100M $200M $300M $400M $500M 2014 2015 2016 2017 2018 YoY Funding Rounds 11 11 18 42 248 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Retail Payments > Local In-Local Out: Market Factsheet 49 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that help individuals to transfer money internationally via bank partnerships TransferWise (2010, London, $397M) Remitly (2011, Seattle, $227M) WorldRemit (2010, London, $220M) Azimo (2012, London, $66.5M) Top Companies #1 Top Markets of Investment Activity Remittance > Market Details > Market: Local In-Local Out Companies Created 248 | Funded 42 | Total Funding $1.1B Market: Local In-Local Out
  • 50.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201850 Retail Payments > Local In-Local Out: Top Companies Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Market: Local In-Local Out (1/2) Analyst’s Pick TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors Analyst’s Pick CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider Minicorn. Stage: Series B GSR Ventures, SBI Ven Capital, Vertex Ventures and 2 Other Investors TransferGo (2012, London, $16.4M) International remittance and payments Editor's Pick. Stage: Series B Revo Capital, Vostok Emerging Finance, Clive Kahn and 4 Other Investors Betalo (2011, Stockholm, $8.1M) Cross border money transfer app Editor's Pick. Stage: Series A Nordea, NFT Ventures, Svea Analyst’s Pick Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform Editor's Pick. Stage: Public Remitr (2014, Mumbai, $1M) Online platform cross border money transfer Minicorn. Stage: Seed SmartStartFund, Singapore Angel Network, Pravin Gandhi and 7 Other Investors Euronet Worldwide (1994, Leawood) Electronic payments provider Unicorn. Stage: Public Innova Capital, Advent International, Euroventures Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded
  • 51.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201851 Retail Payments > Local In-Local Out: Top Companies Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Market: Local In-Local Out (2/2) Analyst’s Pick OFX (1998, Sydney) International money transfer service provider. Soonicorn. Stage: Public Accel Partners, The Carlyle Group CurrencyOne (2009, Poznan) Online currency exchange platform Editor's Pick. Stage: Unfunded FreemarketFX (2011, London) A foreign exchange currency service and money transfer service provider. Editor's Pick. Stage: Funded VentureFounders Indigo FX (2012, London) Foreign currency trading and transferring platform Editor's Pick. Stage: Unfunded Monty Global Payments (2004, Madrid) Online money transfer services Editor's Pick. Stage: Unfunded Remit2India (2001, Mumbai) Online money transfer service to India for NRIs Editor's Pick. Stage: Unfunded Analyst’s Pick Rewire (2015, Tel Aviv) Mobile remittance service provider. Editor's Pick. Stage: Unfunded SimbaPay (2013, London) Digital money transfer provider to Kenya and Nigeria. Editor's Pick. Stage: Funded Techstars SodaTransfer (2015, Seoul) Online remittance solution in US-Korea corridor. Editor's Pick. Stage: Unfunded Transcorp (1984, Jaipur) Remittance and other financial services provider Editor's Pick. Stage: Public UAE Exchange (1980, Abu Dhabi) Global Money Transfer Editor's Pick. Stage: Unfunded
  • 52.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 52 Retail Payments > Local In-Local Out: Leaderboard Remittance > Market Details > Market: Local In-Local Out #1 Top Markets of Investment Activity Better than Market Average Market: Local In-Local Out Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Betalo 2011 Stockholm Series A $8.1M - 4 4 4 1 2.1M 189 30k 147 836k 69% 47 46% 42 29% 5.0 Pangea Money Transfer 2015 Chicago Series B $20k - 4 - 3 - 642k 1.1k 300k 1.4k 147k 28% 127 11% 5 - 5.0 Azimo 2012 London Series C $66.5M - 5 - - 13 63k 11k 300k 7.2k 15k 30% 1.9k 36% 412 4% 4.9 TransferWise 2010 London Series E $397M - 5 - - 41 4k 50k 3M 30.9k -1k -13% 6.8k 28% 9.1k 21% 4.9 Xoom 2001 San Francisco Acquired $106M - 4 - - 11 17k 8.4k 3M 32.2k 2k 7% 2.5k 8% 213 3% 4.9 WorldRemit 2010 London Series C $220M - 5 - - 51 16k 15k 3M 26.7k -4k -17% 5.4k 25% 2.2k 17% 4.9 Remitly 2011 Seattle Series D $227M - 5 - - 13 33k 9.7k 300k 4.9k -5k -13% 2.8k 134% 39 - 4.8 TransferGo 2012 London Series B $16.4M - 4 - - 2 55k 1.7k 300k 951 -7k -11% 559 142% 70 4% 4.8 Remitbee 2015 San Francisco Seed - - 5 - - 2 1.9M 134 3k 107 336k 23% 31 39% 6 4% 4.8 Remitr 2014 Mumbai Seed $1M - 4 - - 2 3.5M 643 30k 210 -470k -12% 68 47% 379 138% 4.8 Grosik 2005 London Unfunded - - 4 4 3 - 1.9M 38 9k 64 2M 234% 2 3% 24 155% 4.8 OrbitRemit 2009 Wellington Seed $2M - 4 - - - 162k 282 30k 475 6k 4% 166 53% 11 4% 4.7 CurrencyFair 2009 Dublin Series B $33.2M - 4 - - 7 109k 5k 30k 176 18k 19% 12 7% 122 2% 4.7 Valyou 2016 Kuala Lumpur Unfunded - - 5 3 3 - 1.9M 24 60k 402 - - 193 91% 30 - 532% 4.7 Sami Swoi 2010 London Unfunded - - 5 - - - 883k 200 30k 1.6k 523k 95% 184 14% 1 -
  • 53.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators Startupbootcamp (#1), Startup Wise Guys (#1) Seed FXStreet (#1), Lnzame (#1) Series A/B SGVC (#1), Viola Group (#1) Series C+ CBC Capital (#1), W Capital Partners (#1) Hyperwallet Systems Jun - 2018 Acq by PayPal Careers for $400M Seed Kuan (2015, London, $32.6k) $30M - Series C Tipalti (2010, Palo Alto, $57M) $6M - Series B Airwallex (2015, Melbourne, $24M) Series E Payoneer (2005, Petah Tikva, $270M) $35.4M - Series B TransferMate (2008, Chicago, $35.4M) $1.1M - Angel Payment Rails (2015, Toronto, $1.1M) Seed Sipree (2011, San Francisco) $6M - Series B Kantox (2011, London, $27.3M) Series B Ebury (2009, London, $119M) $647k - Angel Money Mover (2013, Cambridge, $2.2M) $13M - Series A Airwallex (2015, Melbourne, $24M) Jun 2017 Tipalti Unveils New Capabilities For Future-Proof Accounts Payable, Crowdfund Insider Nov 2017 Online Payment Platform Hyperwallet Taps Former Paypay Exec To Lead Apac Expansion, Staffing Industry Analysts Nov 2017 Ebury opens Toronto office, Finextra Nov 2015 Ebury raises $83m from Vitruvian Partners and 83North, International Business Times Dec 2017 Cintra and EQ Global Announce Partnership for a Smarter, Global Delivery Model, Technology-Signals Feb 2016 Covercy Closes $1.5 Million Seed Round, Led by Leverate Founder Doron Cohen, Finance Magnates Sep 2017 Hyperwallet Taps B2B Payments Veteran for Executive Role, PRWeb Jul 2017 Sipree, Inc. Closes New Funding, GlobeNewswire Sep 2013 Ebury Partners Raises £3.5M in Funding, FinSMEs Nov 2017 Payment service Hyperwallet opens first Australian office, Which-50 Oct 2017 Fintech Startup Payment Rails Closes $1.1 Million, NewsCenter Mar 2016 B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments, TechCrunch Dec 2017 AFEX Partners with Ascent Software to Simplify Payments for Financial Services Firms, Bobsguide Jul 2017 GCC Exchange moves HO to Deira Dubai, Trade Arabia Sep 2012 Kantox raises 1.000.000€ to scale the business, Tumblr Sep 2017 Solvay : Partners with Husky to Develop Verian HBP, 4- Traders News 0 2 4 6 8 10 $0k $50M $100M $150M $200M $250M 2014 2015 2016 2017 2018 YoY Funding Rounds 2 3 9 20 58 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel B2B Payments > Banking Channels: Market Factsheet 53 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that leverage bank network to offer currency exchange, trade finance, mass payout services Payoneer (2005, Petah Tikva, $270M) Ebury (2009, London, $119M) Tipalti (2010, Palo Alto, $57M) TransferMate (2008, Chicago, $35.4M) Top Companies #2 Top Markets of Investment Activity Remittance > Market Details > Market: Banking Channels Companies Created 58 | Funded 20 | Total Funding $588M Market: Banking Channels
  • 54.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201854 B2B Payments > Banking Channels: Top Companies Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Market: Banking Channels (1/2) Analyst’s Pick Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North, Envestors Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. Minicorn. Stage: Series C SGVC Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Minicorn. Stage: Series B Silicon Valley Bank, Idinvest Partners, Mundi Ventures and 8 Other Investors Analyst’s Pick Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Minicorn. Stage: Series B Square Peg Capital, Tencent, Sequoia Capital and 3 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired Traxpay (2009, Frankfurt Am Main, $19M) A B2B Payment Platform Minicorn. Stage: Series B Earlybird Venture Capital, Apax Partners, Software AG, Main Incubator Money Mover (2013, Cambridge, $2.2M) Foreign currency exchange and global payment services Editor's Pick. Stage: Seed Andy Homer Analyst’s Pick Covercy (2014, Tel Aviv, $1.5M) Cross border money and forex service provider. Minicorn. Stage: Seed SGVC, Mindset ventures Payment Rails (2015, Toronto, $1.1M) Global payment network for mass payouts. Editor's Pick. Stage: Seed Scott Thompson, Ferhan Patel Kwanji (2012, London, $719k) Facilitating international trade and payments for businesses Editor's Pick. Stage: Seed Mercia Technologies, Midsummer Capital Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Minicorn. Stage: Seed Startupbootcamp, Startup Wise Guys, Startup Sauna
  • 55.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201855 B2B Payments > Banking Channels: Top Companies Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Market: Banking Channels (2/2) Analyst’s Pick Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital B2B Pay (2015, Helsinki) European B2B payment transfer services Minicorn. Stage: Funded Techstars Monuva (2016, London) International payment service. Minicorn. Stage: Seed Level39, Startupbootcamp Tramonex (2013, London) Ethereum tool based cross border payments to SMEs Minicorn. Stage: Funded UK Government Amnis Treasury Services (2014, Zurich) Currency exchange solution for SMEs. Editor's Pick. Stage: Unfunded Analyst’s Pick Husky (2016, Remote) International fund movement, accounting and financial guidance. Editor's Pick. Stage: Unfunded SettlePay (2015, Nottingham) Online currency exchange service for businesses. Editor's Pick. Stage: Unfunded Transpay (2012, New York City) B2B/B2P cross border money transfer Editor's Pick. Stage: Unfunded Wallex (2015, Singapore) Cross-border payments enabler Editor's Pick. Stage: Unfunded
  • 56.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 56 B2B Payments > Banking Channels: Leaderboard Remittance > Market Details > Market: Banking Channels #2 Top Markets of Investment Activity Better than Market Average Market: Banking Channels Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Payoneer 2005 Petah Tikva Series E $270M - 4 - - 19 3k 35k 750k 10.5k 1k 16% 680 7% 1.8k 5% 4.9 Hyperwallet Systems 2000 California Acquired - - 5 - - 19 107k 2.2k 91k 265 -43k -28% 62 31% 232 12% 4.8 Iban First 2013 Paris Series A $11M - 5 - - 1 616k 22 3k 4 -140k -18% 3 300% -2467 -99% 4.7 Husky 2016 Remote Unfunded - - 5 - - 2 6M 91 300 4 3M 86% 2 100% 11 14% 4.6 Pontual Money Transfer 2005 Manhattan Beach Unfunded - - 5 - - - 10M - 375 1 12M 145% - - - - 4.5 SLCTransfer 2005 Poznan Unfunded - - 5 4 4 - - 17 75 1 - - - - - -4% 4.4 Traxpay 2009 Frankfurt Am Main Series B $19M - - - 5 - 3.8M 2.3k - - -164k -4% - - -5 - 4.4 TransferMate 2008 Chicago Series B $35.4M - - - - 5 247k 2.7k - - 4k 1% - - 101 4% 4.3 Kantox 2011 London Series B $27.3M - - - - 6 406k 4.1k - - 116k 36% - - 113 3% 4.2 Money Mover 2013 Cambridge Seed $2.2M - - - - 2 529k 5.2k - - 94k 22% - - 775 18% 4.1 Tipalti 2010 Palo Alto Series C $57M - - - - 6 114k 978 - - 28k 33% - - 68 7% 4.0 Cambridge Global Payments 1992 Toronto Acquired $20M - - - 4 6 975k - - - 236k 32% - - - - 3.9 Ebury 2009 London Series B $119M - - - - 11 388k 2.1k - - 79k 26% - - 68 3% 3.8 Airwallex 2015 Melbourne Series B $24M - - - - 5 1.8M 729 - - 2M 159% - - 102 16%
  • 57.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Incubators Seed Point Nine Capital (#1), Index Ventures (#1) Series A/B Seedrs (#1), Ribbit Capital (#1) Series C+ DST Global (#1) None $250M - Series C Revolut (2014, London, $340M) $57.5M - Angel Uphold (2014, San Francisco, $73M) $10.5M - Series B WeSwap (2010, London, $33.1M) $5.3M - Series B Revolut (2014, London, $340M) $66M - Series B Revolut (2014, London, $340M) Angel Revolut (2014, London, $340M) $3M - Series B WeSwap (2010, London, $33.1M) $10M - Series B WeSwap (2010, London, $33.1M) $9.1M - Series A Revolut (2014, London, $340M) $1.4M - Seed Revolut (2014, London, $340M) $1.9M - Series B Uphold (2014, San Francisco, $73M) Nov 2017 Heleum Launches Automated Savings App On Uphold Platform That Trades Between Cryptocurrencies And Fiat Currencies, PR Newswire Jul 2017 CashDash lets you withdraw cash from ATMs without a debit card, The Next Web Dec 2017 Bitstamp Partners with Revolut to Offer Instant In-app Conversion of Three Cryptocurrencies, 4-Traders Dec 2017 Revolut merges mobile banking with cryptocurrency trading, Technology News Article Oct 2015 Rebranding As Uphold, Bitreserve Says Goodbye To Bitcoin, TechCrunch Dec 2017 Fintech Innovator Humaniq and Digital Money Platform Manigo announce a new partnership to make banking easier and more accessible, PRWeb Nov 2017 Nutmeg and Revolut investor launches new European fund, AltFi Dec 2017 94% of the World’s Population Now Has Access to Dash After Uphold Partnership, ValueWalk Oct 2017 Revolut starts handset insurance service in Lithuania, Telecompaper Oct 2017 Fintech startup Revolut is signing up 40 new business customers every day, Business Insider Oct 2017 London-based fintech startup Revolut signs up 16,000 European companies to its business service withing just 4 months, EU-Startups Nov 2017 Digital Bank Revolut Prepares to Launch Cryptocurrency Features, Crowdfund Insider News 0 1 2 3 4 5 6 $0k $50M $100M $150M $200M $250M $300M $350M 2014 2015 2016 2017 2018 YoY Funding Rounds - 1 3 6 28 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Retail Payments > Wallet Money > Multi Currency Account: Market Factsheet 57 Exits Most Active Investors Recent Investments YoY Funding and Rounds Companies that offer multi- currency travel account with a prepaid debit card Revolut (2014, London, $340M) Uphold (2014, San Francisco, $73M) WeSwap (2010, London, $33.1M) 4X4U (2016, London) CashDash (2015, Petah Tikva) Top Companies #3 Top Markets of Investment Activity Remittance > Market Details > Market: Multi Currency Account Companies Created 28 | Funded 6 | Total Funding $446M Market: Multi Currency Account
  • 58.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201858 Retail Payments > Wallet Money > Multi Currency Account: Top Companies Remittance > Market Details > Market: Multi Currency Account #3 Top Markets of Investment Activity Market: Multi Currency Account Analyst’s Pick Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Minicorn. Stage: Series B IW Capital, Ascot Capital Partners, EC1 Capital DiPocket (2014, London) Mobile wallet and a pre-paid card provider. Editor's Pick. Stage: Unfunded Globcoin (2015, London) Multi-currency global account with a prepaid debit card. Editor's Pick. Stage: Unfunded Analyst’s Pick Hoopay (2016, Kuala Lumpur) App based multi-currency account with physical card for forex. Editor's Pick. Stage: Unfunded Manigo (2015, London) International payment account with card. Editor's Pick. Stage: Unfunded Ozan (2015, London) Multi-currency account with physical card for travellers. Editor's Pick. Stage: Unfunded SwapX (2015, London) Mobile wallet to make payment internationally for travellers. Editor's Pick. Stage: Unfunded Waiv (2014, Melbourne) Global remittance service with linked debit card Editor's Pick. Stage: Unfunded
  • 59.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 59 Retail Payments > Wallet Money > Multi Currency Account: Leaderboard Remittance > Market Details > Market: Multi Currency Account #3 Top Markets of Investment Activity Better than Market Average Market: Multi Currency Account Overall Rating Company Name Foun ded Year Location Stage Funding Team Execution Quality Size Metrics 6M Growth Metrics App Rating App UX Web UX News Web Traffic Rank Social Follow ing Mobile Downl oads # App Revie ws Web Traffic Rank Mobile Downloads Social Following Δ % Δ % Δ % 5.0 Revolut 2014 London Series C $340M - 5 - - 52 23k 64k 3M 89.1k -7k -23% 56k 169% 28.8k 81% 4.8 Uphold 2014 San Francisco Series B $73M - 4 - - 10 36k 16k 300k 633 18k 103% 251 65% 8.7k 117% 4.6 DiPocket 2014 London Unfunded - - 4 3 3 1 1.7M 227 8k 118 -639k -28% 53 82% 30 15% 4.4 Easy FX 2004 London Unfunded - - 4 4 3 - 1.5M 351 3k 32 -24k -2% 12 60% 116 48% 4.2 Ipagoo 2009 London Funded - - 4 - - 1 3.6M 137 3k 17 187k 5% 3 21% 4 3% 4.0 WeSwap 2010 London Series B $33.1M - 4 - - 5 207k - 300k 1.3k 10k 5% 102 9% - - 3.8 Cuallet 2015 Monterrey Unfunded - - 4 - - - 4.7M 709 8k 40 2M 73% 11 38% 342 91% 3.5 Wallet one 2007 Moscow Unfunded - - 4 - - - 21k 2.3k 83k 982 4k 19% 42 4% -100 -4% 3.3 Globcoin 2015 London Unfunded - - 4 - 3 - 2M 273 750 24 502k 34% 4 20% -14 -5% 3.1 Centtrip 2013 London Funded - - 3 - - - 1.5M 1.4k 300 6 12k 1% - - 50 4% 2.9 Uber Remit 2016 London Unfunded - - 4 4 4 - 10M 155 3k 15 - - - - 10 7% 2.7 Ozan 2015 London Unfunded - - 5 - - - 4.8M - 300 14 2M 64% 3 27% - - 2.5 CashDash 2015 Petah Tikva Unfunded - - 4 - 4 2 1.9M - 8k 44 -1.6M -45% 6 16% - - 2.3 FiiiPay 2016 Kuala Lumpur Unfunded - - - - 5 - - 9 - - - - - - 6 200% 2.1 Hoopay 2016 Kuala Lumpur Unfunded - - - - 4 - - 17 - - - - - - - -
  • 60.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201860 #4 Top Markets of Investment Activity Remittance > Market Details > Market: Wallet Money Companies Created 82 | Funded 17 | Total Funding $167M Market: Wallet Money
  • 61.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201861 Remittance > Market Details > Market: Wallet Money #4 Top Markets of Investment Activity Market: Wallet Money
  • 62.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201862 Remittance > Market Details > Market: Wallet Money #4 Top Markets of Investment Activity Better than Market Average Market: Wallet Money
  • 63.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public Companies Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 63 Notable Acquisitions Top Acquirers Acqui-hires
  • 64.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
  • 65.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public companies (1/2) 65 Performance indicators of public companies in Remittance IPO Date Company Current MCap IPO Mcap Revenue P/E Exchange Ticker Aug 2014 FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer $51.3M $986M 279.45 LON:FFX Nov 2013 OFX (1998, Sydney) International money transfer service provider. $454M $80.5M 24.52 ASX:OFX Aug 2011 MoneySwap (1999, Hong Kong) Cross-border payment service provider. $397k LON:SWAP Dec 2010 Midpoint (1998, London) Peer to peer Foreign Exchange and International Payments Platform $1.9M $209k CVE:MPT Jul 2007 MoneySuperMarket (1993, Ewloe) A comparison site for financial products. $387M 22.21 LON:MONY Oct 2006 Western Union (1851, Englewood) Money transfer service $9.3B $5.4B 29.4 NYSE:WU Oct 2005 eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services $21.6M LON:ESG Oct 2001 Transcorp (1984, Jaipur) Remittance and other financial services provider $14.4M $117M BOM:532410 Jan 2001 Earthport (1997, London) Financial services organisation specialising in cross-border payments $14.7M $30.1M LON:EPO Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider $7.9M $774k ASX:PIL Remittance > Exit Outlook > Public Companies
  • 66.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Public companies (2/2) 66 Performance indicators of public companies in Remittance IPO Date Company Current MCap IPO Mcap Revenue P/E Exchange Ticker Wave Systems (2014, Lee) International remittance app Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services Euronet Worldwide (1994, Leawood) Electronic payments provider Telupay (2010, Makati) Mobile and Payment making platform provider. Foreign Exchange (2015, Hong Kong) Online foreign currency exchange Remittance > Exit Outlook > Public Companies
  • 67.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Notable Acquisitions (1/2) 67 Notable Acquisitions in Remittance Remittance > Exit Outlook > Notable Acquisitions 2018 YTD Acquirer: PayPal Careers Deal: $400M Hyperwallet Systems (2000, California) Mass Payout solution provider. Acquirer: Optimal Payments Deal: $1.2B Skrill (2001, London) Online money transfer and wallet provider Acquirer: Equistone Partners Europe Deal: $113M Small World FS (2005, London) An international money transfer service provider 2017 Acquirer: FinTech Acquisition Deal: $260M Intermex (1994, Miami) Money transfer service provider Acquirer: FleetCor Technologies Deal: $690M Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Acquirer: MYPAY Fastacash (2012, Singapore, $23.5M) Payments via social networking sites Acquirer: Ant Financial Deal: $880M MoneyGram (1940, Dallas) Leading Money transfer service 2015 Acquirer: Palamon Capital Partners Deal: $310M Currencies Direct (1996, London) Foreign exchange and money transfer. Acquirer: PayPal Deal: $890M Xoom (2001, San Francisco, $106M) International personal remittances
  • 68.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Notable Acquisitions (2/2) 68 Notable Acquisitions in Remittance Remittance > Exit Outlook > Notable Acquisitions 2014 Acquirer: Bridgepoint Capital Deal: $352M Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Acquirer: Euronet Worldwide Deal: $242M HiFX (1997, Windsor) Foreign exchange and international money transfer Before 2008 Acquirer: GCP Capital Partners TransFast (1988, New York City) International, money transfer and payments company Acquirer: First Data Deal: $364M Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform.
  • 69.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Most Active Acquirers 69 Remittance > Exit Outlook > Most Active Acquirers
  • 70.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Date Target Jan-08 Payquik Acq by Citigroup Apr-07 Maccorp Italiana S.p.A. Acq by PM & Partners May-06 Travelex Acq by Coinstar Acqui-hires 70 List of Acqui-hires in Remittance Excludes all details for Chinese companies Date Target Mar-18 RemitWisely Acq by Peppermint Innovation Feb-18 TransferZero Acq by BitPesa Jun-17 HalCash North America Acq by Pin4 Aug-16 Pay2Global Acq by TerraPay Jul-16 Paystar Acq by Net Element May-16 Prabhu MoneyTransfer Acq by Telnor Feb-16 XAPCASH Technologies Acq by BTL Feb-16 Chitoro Acq by Cassava Remit Jan-16 ScholarFX Acq by peerTransfer Oct-15 Quippi Acq by Emida Oct-15 uni-pay Acq by peerTransfer Sep-15 Pinoy Express Acq by AUB Jul-15 TransGlobal Payment Solutions Acq by Equiniti Jul-15 iSend Acq by ding.com Date Target Mar-15 Tranglo Acq by Ekuinas Dec-14 Utiba Acq by Amdocs Sep-14 MTI Money Transfer Acq by MoneyGram May-14 WikiPay Acq by Cubed Mar-14 i-Transfer Acq by Unidos Financial Services INC Feb-14 BlueKite Acq by Xoom Jun-13 Payra Acq by VMoney Nov-12 TimesOfMoney Acq by Network International Aug-10 TransferTo Acq by Ingenico May-10 DolEx Acq by Palladium Equity May-10 Europhil Acq by Palladium Equity Aug-09 Wall Street Finance Acq by Spice Global May-09 Custom House Acq by Western Union Oct-08 Currency Online Acq by HiFX Remittance > Exit Outlook > Acqui-hires View all 31 Acqui-hired companies on Tracxn Platform
  • 71.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 71 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
  • 72.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
  • 73.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 201873 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Remittance > Investors > Index of Most Active VC & PE Investors Index of Top Investors (VC, PE) by Stage in Remittance; Last 5 years (Jul 2013 - Jun 2018) Index of Most Active VC & PE Investors SEED STAGE Pantera Capital (2 Investments) Fenway Summer Ventures (2 Investments) ACE and Company (2 Investments) Index Ventures Digital Currency Group Blockchain Capital Seedcamp Balderton Capital Nyca E.ventures SGVC Point Nine Capital IGNIA Gobi Partners Beenos EARLY STAGE Digital Currency Group (4 Investments) Accel Partners (2 Investments) Pantera Capital (2 Investments) Greycroft Partners (2 Investments) GV (2 Investments) Beenext (2 Investments) IGNIA (2 Investments) Andreessen Horowitz Ribbit Capital IDG Capital General Catalyst Partners Breyer Capital DFJ DN Capital Blockchain Capital LATE STAGE Sapphire Ventures (2 Investments) Rakuten Capital (2 Investments) Andreessen Horowitz IVP World Innovation Lab Susquehanna Growth Equity IDG Capital Baring Vostok Draper Esprit DST Global Lakestar Digital Currency Group Stripes Group Blockchain Capital GV
  • 74.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Pantera Capital 74 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Pantera Capital People Investments [Soonicorn] Circle (2013, Boston, $246M, Series E) Digital currency wallet for global money transfers [Soonicorn] BitPesa (2013, Nairobi, $10M, Series A) Bitcoin based remittance service provider. [Minicorn] Veem (2014, San Francisco, $40M, Series B) B2B payment platform. [Minicorn] Coins.ph (2013, Manila, $10M, Series A) Bitcoin wallet for transactions in Philippines Remittance Notable Portfolio [Soonicorn] Chain (2014, San Francisco, $43.7M, Series B) Designing blockchain applications for organizations [Soonicorn] Xapo (2012, Palo Alto, $40M, Series A) Cold Storage Vault & Bitcoin Wallet [Minicorn] Filament (2012, Reno, $35.6M, Series C) Decentralized Internet of Things stack [Minicorn] Abra (2014, Mountain View, $30M, Series B) Fiat money remittance based on bitcoin [Minicorn] ShapeShift (2014, San Francisco, $12.5M, Series A) Instant inter crypto currency conversion [Minicorn] Bitstamp (2011, London, $11.4M, Series A) European Union bitcoin exchange [Minicorn] Chronicled (2014, San Francisco, $5.3M, Series A) Product authentication on blockchain [Editor's Pick] Basis (2017, Hoboken, $133M, Series B) Stable Cryptocurrency [Editor's Pick] Polychain (2016, San Francisco, $10M, Series A) Protocol level token oriented investment fund. Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Dan Morehead Founder & CEO Geographical Spread Stage of Entry Jan 2018 Baidu seeks new investors for finance unit in up to $2 bn deal, BTVI Live Dec 2017 Circle's CENTRE Raises $20 Million in SAFT Sale, CoinDesk Nov 2017 Circle to Launch Cryptocurrency Investment App in 2018 , CoinDesk Oct 2017 Circle enables US Instant withdrawals for cross-border bank transfers, Finextra Oct 2017 Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets, Inside Bitcoins Oct 2017 Circle Announces Open Source Project Centre And Foundation, Coinspeaker Oct 2017 Circle Is Building a Master Mobile Payments Network on Ethereum, CoinDesk Sep 2017 Circle pushes OTC crypto trading, launches in France and Italy and adds group payments, International Business Times Jun 2017 Circle Launches Free Cross-Border Mobile Payments Based on Blockchain, Crowdfund Insider Oct 2016 Baidu just set up a $3 billion fund to back maturing startups, TechCrunch None 2 1 11 2 1 2013 2014 2015 2016 2017 2018 Follow On New Investments - - 1 1 2 Undisclosed Series C+ Series B Series A Seed2 1 1 - - US SEA Kenya
  • 75.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Fenway Summer Ventures 75 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Fenway Summer Ventures People Investments [Soonicorn] Circle (2013, Boston, $246M, Series E) Digital currency wallet for global money transfers [Minicorn] Veem (2014, San Francisco, $40M, Series B) B2B payment platform. Remittance Notable Portfolio [Soonicorn] Prosper (2005, San Francisco, $410M, Series G) P2P Lending Marketplace [Soonicorn] Flexport (2013, San Francisco, $304M, Series C) Online freight forwarder [Soonicorn] Future Finance (2013, Dublin, $111M, Series C) Lending platform for Education Loans [Minicorn] Nav (2012, San Mateo, $103M, Series C) Business credit monitoring and financing [Minicorn] MAX Exchange (2009, Atlanta, $18.1M, Series A) Online peer-to-peer exchange for purchase and sale of residential mortgage loans [Minicorn] PayJoy (2015, California, $17.8M, Series A) Online purchase financing platform. [Minicorn] Wunder (2013, Boulder, $15.7M, Series B) Financing for commercial solar PV systems [Minicorn] Trunomi (2013, San Jose, $9.5M, Series A) Enterprise KYC and onboarding solutions [Editor's Pick] RevolutionCredit (2012, Irvine, $14.3M, Series A) Credit scoring based on consumer behaviour [Editor's Pick] LedgerX (2014, New York City, $11.4M, Series B) Institutional derivatives exchange. Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Raj Date CEO & MD Geographical Spread Stage of Entry Jan 2018 Baidu seeks new investors for finance unit in up to $2 bn deal, BTVI Live Dec 2017 Circle's CENTRE Raises $20 Million in SAFT Sale, CoinDesk Nov 2017 Circle to Launch Cryptocurrency Investment App in 2018 , CoinDesk Oct 2017 Circle enables US Instant withdrawals for cross-border bank transfers, Finextra Oct 2017 Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets, Inside Bitcoins Oct 2017 Circle Announces Open Source Project Centre And Foundation, Coinspeaker Oct 2017 Circle Is Building a Master Mobile Payments Network on Ethereum, CoinDesk Sep 2017 Circle pushes OTC crypto trading, launches in France and Italy and adds group payments, International Business Times Jun 2017 Circle Launches Free Cross-Border Mobile Payments Based on Blockchain, Crowdfund Insider Oct 2016 Baidu just set up a $3 billion fund to back maturing startups, TechCrunch None 1 3 2013 2014 2015 2016 2017 2018 Follow On New Investments - 1 - - 2 Undisclosed Series C+ Series B Series A Seed3 - - - - US
  • 76.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 ACE and Company 76 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > ACE and Company People Investments [Unicorn] TransferWise (2010, London, $397M, Series E) International money transmitter based on currency swaps [Editor's Pick] Toastme (2014, Singapore, $2.4M, Seed) Mobile-based remittance solution leveraging local merchant network. Remittance Notable Portfolio [Unicorn] Uber (2009, San Francisco, $22.5B, Series G) Mobile app that connects passengers with vehicle drivers for hire [Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F) Marketplace for vacation rental accommodations [Unicorn] SpaceX (2002, Hawthorne, $2.2B, Series I) Reusable Space launch vehicles [Unicorn] Pinterest (2009, San Francisco, $1.5B, Series G) Visual social bookmarking service [Unicorn] WME Entertainment (2009, Beverly Hills, $250M, Funded) Talent Agency [Unicorn] Docker (2008, San Francisco, $243M, Series E) LXC based OS-level virtualization technology and PaaS [Soonicorn] ChargePoint (2007, Campbell, $298M, Series G) EV charging points and charging network operator [Soonicorn] PlanGrid (2011, San Francisco, $66M, Series B) Blueprints collaboration on web and mobile for field construction [Soonicorn] GoCardless (2011, London, $47.5M, Series C) Online payments solutions for recurring payments [Soonicorn] GrubMarket (2014, San Francisco, $32.1M, Series B) Open marketplace for farm to home deliveries Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Adam Said Co-Founder & CEO Christopher Kile Co-Founder & Board Member Geographical Spread Stage of Entry Dec 2017 A look through TransferWise’s early pitch deck, TechCrunch Nov 2017 TransferWise reports doubled revenue for last fiscal year, AltFi Oct 2017 TransferWise changes fees for GBP transfers, introduces complicated flat transaction fees, Tech News Universe Sep 2017 TransferWise founders to rake in millions from first share sales, Business Matters Aug 2017 TransferWise lines up investment round, Finextra Aug 2017 IVC Poised to Invest in Fintech Unicorn Transferwise, Crowdfund Insider Aug 2017 England-based TransferWise brings its 'Borderless' bank account to Canada, Financial Post Aug 2017 TransferWise is said to seek new funding round, PE Hub Aug 2017 Money Transfer Provider TransferWise Links With Apple Pay, CryptoCoinsNews Jul 2017 TransferWise CEO Hinrikus steps aside for co-founder Käärmann, Finextra Jun 2017 Transferwise Updates on US Business Progress, Crowdfund Insider None 1 2013 2014 2015 2016 2017 2018 Follow On New Investments - - - - 2 Undisclosed Series C+ Series B Series A Seed1 1 - - - Europe SEA
  • 77.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index Ventures 77 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Index Ventures
  • 78.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 78 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
  • 79.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 79 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
  • 80.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Seedcamp 80 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Seedcamp
  • 81.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Balderton Capital 81 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Balderton Capital
  • 82.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Nyca 82 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Nyca
  • 83.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 E.ventures 83 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > E.ventures
  • 84.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SGVC 84 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SGVC
  • 85.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Point Nine Capital 85 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Point Nine Capital
  • 86.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IGNIA 86 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IGNIA
  • 87.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Gobi Partners 87 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Gobi Partners
  • 88.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Beenos 88 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Beenos
  • 89.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 89 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
  • 90.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 90 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
  • 91.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Accel Partners 91 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Accel Partners
  • 92.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Pantera Capital 92 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Pantera Capital
  • 93.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Greycroft Partners 93 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Greycroft Partners
  • 94.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 GV 94 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > GV
  • 95.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Beenext 95 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Beenext
  • 96.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IGNIA 96 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IGNIA
  • 97.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Andreessen Horowitz 97 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Andreessen Horowitz
  • 98.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Ribbit Capital 98 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Ribbit Capital
  • 99.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IDG Capital 99 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IDG Capital
  • 100.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 General Catalyst Partners 100 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > General Catalyst Partners
  • 101.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Breyer Capital 101 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Breyer Capital
  • 102.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DFJ 102 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DFJ
  • 103.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DN Capital 103 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DN Capital
  • 104.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 104 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
  • 105.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 105 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
  • 106.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Sapphire Ventures 106 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Sapphire Ventures
  • 107.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Rakuten Capital 107 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Rakuten Capital
  • 108.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Andreessen Horowitz 108 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Andreessen Horowitz
  • 109.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IVP 109 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IVP
  • 110.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 World Innovation Lab 110 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > World Innovation Lab
  • 111.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Susquehanna Growth Equity 111 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Susquehanna Growth Equity
  • 112.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 IDG Capital 112 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > IDG Capital
  • 113.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baring Vostok 113 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baring Vostok
  • 114.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Draper Esprit 114 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Draper Esprit
  • 115.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 DST Global 115 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > DST Global
  • 116.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Lakestar 116 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Lakestar
  • 117.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Digital Currency Group 117 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Digital Currency Group
  • 118.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Stripes Group 118 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Stripes Group
  • 119.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Blockchain Capital 119 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Blockchain Capital
  • 120.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 GV 120 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > GV
  • 121.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 121 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
  • 122.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018122 Remittance > Investors > Index of Ecosystem Investors Index of Top Ecosystem Investors in Remittance; Q2 2013 - Q2 2018 Index of Ecosystem Investors INCUBATOR 500 Startups (9 Investments) Startupbootcamp (8 Investments) Techstars (6 Investments) Boost VC (4 Investments) Plug and Play Tech Center (3 Investments) Life.SREDA (2 Investments) Y Combinator (2 Investments) Chinaccelerator Fast Track Malmo IdeaSpace Foundation Joyful Frog Digital Innovation Kickstart Accelerator Oasis 500 SOSV SparkLabs OTHER NOTABLE INVESTORS Accion (4 Investments) BnkToTheFuture (3 Investments) Kima Ventures (3 Investments) Apax Partners (2 Investments) Level39 (2 Investments) SBI Holdings (2 Investments) Seedrs (2 Investments) SpeedUPAfrica (2 Investments) Technology Crossover Ventures (2 Investments) Tusk Ventures (2 Investments) JiuFu AIB Bank Baidu Baillie Gifford Baofoo DEBT INVESTORS Silicon Valley Bank (6 Investments) Idinvest Partners (2 Investments) Mercia Technologies
  • 123.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 500 Startups 123 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > 500 Startups People Investments [Soonicorn] Flywire (2009, Boston, $43.2M, Series C) Global money transfer in local currency [Minicorn] ZipZap (2010, San Francisco, $2.2M, Seed) Mobile money transfer service provider Remittance Notable Portfolio [Unicorn] Grab (2012, Singapore, $4.4B, Series G) Taxi Booking App [Unicorn] Credit Karma (2007, San Francisco, $370M, Series D) Aggregator of various consumer financial products. [Unicorn] Twilio (2007, San Francisco, $240M, Public) Cloud Communications API provider [Unicorn] Canva (2012, Surry Hills, $82.6M, Series B) Online design platform [Soonicorn] Udemy (2010, San Francisco, $173M, Series D) Marketplace for online courses [Soonicorn] Carousell (2012, Singapore, $172M, Series C) P2P mobile listing platform [Soonicorn] Smule (2008, San Francisco, $144M, Series F) Developer of social music-making & sharing apps [Soonicorn] Breather (2012, Montreal, $120M, Series D) On-demand Private Room Reservation [Soonicorn] Ipsy (2011, San Mateo, $107M, Series B) Subscription for beauty products [Soonicorn] Life360 (2008, San Francisco, $89.7M, Series C) Mobile app that connects family members and close friends Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Dave McClure Founder, Partner Geographical Spread Stage of Entry Jun 2018 Flywire and UnionPay Partner to Take the Cost Out of Cross-Border Payments from China, GlobeNewswire May 2018 EY Names Flywire CEO Entrepreneur of the Year Finalist in New England, Citybizlist Nov 2017 Flywire Continues to Expand its Cross-Border Payment and Receivables Business in the UK and Ireland, Citybizlist Nov 2017 Flywire Nominated for Global FinTech Award in Singapore , GlobeNewswire Oct 2017 Flywire Adds Trustly As Preferred Payment Option, PYMNTS Oct 2017 Flywire’s International Payment and Receivables Business Thrives in Spain, GlobeNewswire Aug 2017 Flywire Simplifies Compliance with New Cross-Border Education Payment Requirements in Ireland, GlobeNewswire Aug 2017 Flywire Offers Tuition Discounts For Using A Mastercard, PYMNTS Aug 2017 Flywire And Volvo Pair Up On Cross-Border Vehicle Leasing, PYMNTS None 1 1 2 2 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 4 - - 1 5 Undisclosed Series C+ Series B Series A Seed7 3 - - - US SEA
  • 124.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Startupbootcamp 124 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Startupbootcamp People Investments [Minicorn] Kuan (2015, London, $32.6k, Seed) P2P matching technology based money transfer service provider. [Minicorn] Monuva (2016, London, Seed) International payment service. [Editor's Pick] Toastme (2014, Singapore, $2.4M, Seed) Mobile-based remittance solution leveraging local merchant network. [Editor's Pick] Europeone (2015, London, Funded) Currency agnostic mobile banking and payment app Remittance Notable Portfolio [Minicorn] Bellabeat (2012, Mountain View, $18.8M, Series A) Women health & wellness assistance [Minicorn] BondIT (2012, Herzliya, $18.2M, Series B) Bond portfolio management solution [Minicorn] BabyScripts (2012, Washington D.C., $11M, Series A) A clinical, mobile prescription for pregnancy assistance [Minicorn] NarrativeDx (2014, Austin, $6.9M, Series A) Provides actionable insights from patient narratives [Minicorn] Mediconecta (2011, Miami, $4.1M, Seed) online platform for tele-consultation [Minicorn] Hijro (2014, Lexington, $2.5M, Seed) Software platform for cross-border B2B trade [Minicorn] Epiphyte (2013, London, $70.4k, Seed) Enterprise software for integrating financial institutions with cryptofinancial networks. [Minicorn] Virtual Broker (2015, Sofia, Seed) Software platform for Insurance brokers and consumers Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Patrick De Zeeuw Co-Founder & CEO Carsten Kolbek Co-Founder Alex Farcet Co-Founder & Managing Director Philip Kiracofe Co-Founder & CEO Fermin Bueno Co-Founder & Managing Partner Ruud Hendriks Co Founder Michael Dooijes Co-Founder & Managing Director Steven Tong CEO Geographical Spread Stage of Entry Jan 2017 Startupbootcamp selects 10 startups for its FinTech program, Indiatimes Nov 2016 Online remittance startup Toast raises $1.5m to be a bank for migrant workers, Tech in Asia May 2016 Meet the 8 Malaysian startups who will rock TOP100 Echelon Asia!, E27 May 2016 Money-changing app Curren$eek scores top prize at the Asean Fintech Challenge, E27 Apr 2016 Currency exchange rate aggregator get4x lands in 3 new cities; allows users to order currency, E27 Jan 2016 Startup Wise Guys announces participants for the B2B program, EU-Startups Jan 2016 Startup Wise Guys BusinessTech opens 6th program, Startup Wise GuysNone 1 1 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 5 - - - 2 Undisclosed Series C+ Series B Series A Seed3 3 1 1 - SEA Europe India US
  • 125.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Techstars 125 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Techstars People Investments [Soonicorn] Remitly (2011, Seattle, $227M, Series D) Cross-border money transfer using banking networks. [Minicorn] B2B Pay (2015, Helsinki, Funded) European B2B payment transfer services [Editor's Pick] SimbaPay (2013, London, Funded) Digital money transfer provider to Kenya and Nigeria. [Editor's Pick] Bridge21 (2014, Denver, Funded) Bitcoin-based international money transfer [Editor's Pick] Vala (2015, Tel Aviv, Funded) Money transfer using marketplace of remitters. Remittance Notable Portfolio [Unicorn] Uber (2009, San Francisco, $22.5B, Series G) Mobile app that connects passengers with vehicle drivers for hire [Unicorn] Twilio (2007, San Francisco, $240M, Public) Cloud Communications API provider [Soonicorn] ClassPass (2011, New York City, $222M, Series C) Membership programs for fitness classes across multiple gyms [Soonicorn] Leanplum (2012, San Francisco, $145M, Series D) Mobile A/B testing, personalization & analytics platform [Soonicorn] DataRobot (2012, Boston, $125M, Series C) Automated machine learning platform for data science applications [Soonicorn] Outreach (2013, Seattle, $125M, Series D) SaaS based Lead Engagement Tools [Soonicorn] DigitalOcean (2011, New York City, $124M, Series B) Cloud computing platform to build, deploy and scale cloud applications Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Brad Feld Co-Founder David Brown Co-Founder and co- CEO David Cohen Founder and co-CEO Geographical Spread Stage of Entry Jun 2018 Remitly expands C-suite as headcount passes 700, The Business Journals Dec 2017 US firm says PH is biggest, most mature remittance market globally, Newsbytes Oct 2017 Remitly is raising up to $115M led by Naspers' PayU to double down on remittances in India, TechCrunch Sep 2017 Remitly recruits former Xoom exec Nigro as VP of global business development, Finextra Jul 2017 Remitly Moving $3 Billion across the Globe with Money Transfer Platform Customized for Emerging Markets, Business Wire Jun 2017 SimbaPay agrees ATM distribution with Interswitch, Telecompaper Apr 2017 US payments startup backed by Amazon founder expands to UK - Tech News, The Star Online Apr 2017 Remitly arrives in the UK, Finextra Feb 2017 Remitly doubles annual remittance volumes to $2 billion, Finextra Sep 2016 Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets, TechCrunch None 1 2013 2014 2015 2016 2017 2018 Follow On New Investments 5 - - - 1 Undisclosed Series C+ Series B Series A Seed3 2 1 - - Europe US Israel
  • 126.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Boost VC 126 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Boost VC
  • 127.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Plug and Play Tech Center 127 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Plug and Play Tech Center
  • 128.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Life.SREDA 128 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Life.SREDA
  • 129.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Y Combinator 129 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Y Combinator
  • 130.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Chinaccelerator 130 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Chinaccelerator
  • 131.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Joyful Frog Digital Innovation 131 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Joyful Frog Digital Innovation
  • 132.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Kickstart Accelerator 132 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Kickstart Accelerator
  • 133.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Oasis 500 133 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Oasis 500
  • 134.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SOSV 134 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SOSV
  • 135.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SparkLabs 135 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SparkLabs
  • 136.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 136 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
  • 137.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Accion 137 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Accion
  • 138.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 BnkToTheFuture 138 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > BnkToTheFuture
  • 139.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Kima Ventures 139 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Kima Ventures
  • 140.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Apax Partners 140 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Apax Partners
  • 141.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 SBI Holdings 141 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > SBI Holdings
  • 142.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Seedrs 142 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Seedrs
  • 143.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Technology Crossover Ventures 143 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Technology Crossover Ventures
  • 144.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Tusk Ventures 144 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Tusk Ventures
  • 145.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 AIB Bank 145 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > AIB Bank
  • 146.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baidu 146 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baidu
  • 147.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Baillie Gifford 147 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Baillie Gifford
  • 148.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 148 Details on VC & PE Investors Details on Top Ecosystem Players Incubators Other Notable Investors Debt Investors
  • 149.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Silicon Valley Bank 149 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Silicon Valley Bank
  • 150.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Idinvest Partners 150 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Idinvest Partners
  • 151.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Mercia Technologies 151 Portfolio in Remittance | Exits | Funds Link | Website | LinkedIn | Twitter Remittance > Investors > Mercia Technologies
  • 152.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Key Markets Exit Outlook Investors News Appendix 152 Recent News
  • 153.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Beauty Tech Jun 2018 Gaming Enablers Jun 2018 Virtualization May 2018
  • 154.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News (1/2) 154 Remittance > News > Recent News Jun 2018 Ripple Forges into India with the Help of a Major Bank, nulltx.com Jun 2018 Payoneer Lights Up the Digital Marketing Industry with Rapid Growth, Corporate Partnerships and Working Capital Offering, GlobeNewswire Jun 2018 UAE Exchange targets 10% remittance growth on higher liquidity, The National Jun 2018 Indian Bank Kotak Mahindra Announces RippleNet Integration, Crypto News Jun 2018 FairFX launches international business account for small businesses, Finextra Jun 2018 Crypto Startup Uphold Moves to Become Licensed U.S. Broker- Dealer, globalbitcoin.co.uk Jun 2018 Digital Money Platform Uphold to Acquire New York-Based Broker- Dealer JNK Securities, Business Wire Jun 2018 Fexco invests €500,000 in fintech firm Cambrist, Independent.ie Jun 2018 Payoneer Teams Up with e-Residency for Cross-border Payments in India, BW Businessworld Jun 2018 Goldman Sachs-backed Circle sees boom in crypto demand from institutional investors, despite bear market, CNBC Jun 2018 RakBank, Xpress Money partner for payment service, Trade Arabia Jun 2018 Fintech friends: Monzo partners with TransferWise for international payments, Tech News Universe Jun 2018 PayPal’s Xoom arm hikes remittance limit to India, Indiatimes Key Recent News Key Recent News Jun 2018 Business Mergers and Technology Updates, blogspot.com Jun 2018 Wildflower Health Acquires Circle, an Innovative Mobile Health Business Incubated by Providence St. Joseph Health, PR Newswire Jun 2018 Ripple, Monero Find New Storage Option With Edge Mobile Wallet, PR Newswire Jun 2018 PayPal's investment case looks robust in the wake of Hyperwallet Systems acquisition, says Wedbush, Proactive Investors Jun 2018 Ding, Etecsa ink Cubacel SIM and handset deal, Telecompaper Jun 2018 Crypto Startup Circle Reveals How It Chooses New Token Listings, CoinDesk Jun 2018 U.S. PayPal buys global payouts platform HyperWallet for $400 mln, investsize.com Jun 2018 PayPal Significantly Enhances Global Payout Capabilities With Acquisition of Hyperwallet, Business Wire Jun 2018 InstaReM launches in the UK, Finextra Jun 2018 First Global Enters into Strategic Partnership to Expand Philippines Remittances from Canada, CNW Jun 2018 WorldFirst May Beat PayPal In Securing China Payment License, PYMNTS Jun 2018 Kwesé TV sealed deal with WorldRemit, NexTV News Africa Jun 2018 Revolut App Update: Announces New Accounts, Analytics, & Payment Screens, Crowdfund Insider
  • 155.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Recent News in Remittance Sector Recent News (2/2) 155 Remittance > News > Recent News Jun 2018 UK’s WorldFirst set to be first foreign firm allowed into China’s payment services industry, South China Morning Post Jun 2018 Orange, EcoCash, TransferTo partner on digital remittance service, Verdict Jun 2018 Ripple Expects India to Overturn Cryptocurrency Ban with Regulations, CCN Jun 2018 Ripple to Invest $2 Million in Texas University’s Blockchain Research, globalbitcoin.co.uk Jun 2018 PrimeTel Announces New Partnership With Revolut to Provide Contactless Visa Card, Crowdfund Insider Jun 2018 Flywire and UnionPay Partner to Take the Cost Out of Cross-Border Payments from China, GlobeNewswire Jun 2018 Paysend customer base triples in 6 months as the firm targets global payments revolution, Financial IT Jun 2018 Chynge to launch decentralised remittance platform, Verdict Jun 2018 InstaReM brings zero-margin fee payment for Indian students studying abroad, Business Standard Jun 2018 Coinbase, Ripple Blast Company Creating Tokens in Their Name, CoinDesk Jun 2018 Transcorp Appoints Ezeafulukwe Executive Director, Independent Jun 2018 Transcorp loss widens to S$2.68 million for half-year, The Business Times Jun 2018 Workana Selects Transpay to Pay Out its Freelancers, PRWeb Key Recent News Key Recent News Jun 2018 Revolut teams up with French cab firm SnapCar, Finextra Jun 2018 CMA To Assess Monyesupermarket.com Decision Technologies Deal, Morningstar Jun 2018 WorldRemit receives approval to offer services in all US states, Verdict Jun 2018 Chynge unveils blockchain-based remittance service, Finextra Jun 2018 AmEx Is Hiring to Help Sell a Ripple Powered Blockchain Product, CoinDesk Jun 2018 Revolut Expansion: Now Seeking to Hire 100 People in a Single Day in Kraków, Poland, Crowdfund Insider Jun 2018 Payments disrupter Paysend debuts card-to-card money transfer services in Turkey, Financial IT Jun 2018 Transferwise Now Offers Service in Argentina, Crowdfund Insider Jun 2018 Another Investor Lawsuit Claims XRP Is a Security, CoinDesk Jun 2018 Ripple, SWIFT Vie For Top Cross-Border Payments Spot, PYMNTS Jun 2018 Revolut has 2 million customers; to launch commission-free buying and selling service, Newpaper24 Jun 2018 Currencycloud and Hyundai start remittance partnership, Financial IT Jun 2018 Little Rock Fintech startup unveils global currency exchange platform, Talk Business & Politics Jun 2018 Revolut announces a Robinhood-like trading product, TechCrunch
  • 156.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Contents Feed Summary Investment Trend Key Markets Exit Outlook Investors News Appendix 156 Explore more on Tracxn Platform Index of Top companies by Market Funded Deadpooled Companies
  • 157.
    Some more SectorReports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech May 2018 Crowdfunding May 2018 Mobile Payments May 2018
  • 158.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Explore more on Tracxn Platform 158 Companies Companies Covered Unicorns Public Companies Acquired Companies Funded Companies Investment Trends Recent Investments Mega Investments Investment Trend Markets BlueBox Taxonomy News Key News Recent News Company Stage Angel Funded Seed Funded Early Stage (Series A/B) Late Stage (Series C+) Acqui-hires DeadPooled Investors Acquirers Unicorn Investors Most Active Investors Most Active VC &PE Investors Portfolio of Top Investor Most Active Acquirer Remittance > Appendix > Explore Sector on Tracxn Platform
  • 159.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (1/13) 159 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out TransferWise (2010, London, $397M) International money transmitter based on currency swaps Unicorn. Stage: Series E Old Mutual Global Investors, IVP, Sapphire Ventures and 39 Other Investors Remitly (2011, Seattle, $227M) Cross-border money transfer using banking networks. Soonicorn. Stage: Series D Stripes Group, DFJ, DN Capital and 15 Other Investors WorldRemit (2010, London, $220M) Online remittance platform provider. Soonicorn. Stage: Series C LeapFrog Investments, Accel Partners, Technology Crossover Ventures and 5 Other Investors Local In-Local Out Xoom (2001, San Francisco, $106M) International personal remittances Stage: Acquired Sequoia Capital, New Enterprise Associates, DAG Ventures and 7 Other Investors Azimo (2012, London, $66.5M) P2P money transfer provider Soonicorn. Stage: Series C e.ventures, Frog Capital, Greycroft Partners and 14 Other Investors CurrencyFair (2009, Dublin, $33.2M) P2P international money transfers Soonicorn. Stage: Series B Octopus Ventures, Frontline Ventures, Proxy Ventures and 2 Other Investors Local In-Local Out Instarem (2015, Singapore, $18M) Business and personal purpose remittance service provider Minicorn. Stage: Series B GSR Ventures, SBI Ven Capital, Vertex Ventures and 2 Other Investors TransferGo (2012, London, $16.4M) International remittance and payments Editor's Pick. Stage: Series B Revo Capital, Vostok Emerging Finance, Clive Kahn and 4 Other Investors Betalo (2011, Stockholm, $8.1M) Cross border money transfer app Editor's Pick. Stage: Series A Nordea, NFT Ventures, Svea
  • 160.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (2/13) 160 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out Midpoint (1998, London, $1.1M) Peer to peer Foreign Exchange and International Payments Platform IPO Date Dec 2010 Mcap - IPO Mcap $1.9M CVE MPT P/E - Remitr (2014, Mumbai, $1M) Online platform cross border money transfer Minicorn. Stage: Seed SmartStartFund, Singapore Angel Network, Pravin Gandhi and 7 Other Investors Euronet Worldwide (1994, Leawood) Electronic payments provider IPO Date - Mcap - IPO Mcap - - - P/E - Local In-Local Out Currencies Direct (1996, London) Foreign exchange and money transfer. Soonicorn. Stage: Acquired Corsair Capital, Palamon Capital Partners CurrencyOne (2009, Poznan) Online currency exchange platform Editor's Pick. Stage: Unfunded FreemarketFX (2011, London) A foreign exchange currency service and money transfer service provider. Editor's Pick. Stage: Funded VentureFounders Remit2India (2001, Mumbai) Online money transfer service to India for NRIs Editor's Pick. Stage: Unfunded Rewire (2015, Tel Aviv) Mobile remittance service provider. Editor's Pick. Stage: Unfunded Local In-Local Out SimbaPay (2013, London) Digital money transfer provider to Kenya and Nigeria. Editor's Pick. Stage: Funded Techstars Fexco (1981, Tralee) Financial and Business solution provider. Soonicorn. Stage: Unfunded OFX (1998, Sydney) International money transfer service provider. IPO Date Nov 2013 Mcap - IPO Mcap $454M ASX OFX P/E 24.52 Indigo FX (2012, London) Foreign currency trading and transferring platform Editor's Pick. Stage: Unfunded Monty Global Payments (2004, Madrid) Online money transfer services Editor's Pick. Stage: Unfunded
  • 161.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (3/13) 161 Remittance > Appendix > Index of Top companies by Market Retail Payments Local In-Local Out SodaTransfer (2015, Seoul) Online remittance solution in US-Korea corridor. Editor's Pick. Stage: Unfunded Transcorp (1984, Jaipur) Remittance and other financial services provider IPO Date Oct 2001 Mcap $14.4M IPO Mcap - BOM 532410 P/E - UAE Exchange (1980, Abu Dhabi) Global Money Transfer Editor's Pick. Stage: Unfunded Small World FS (2005, London) An international money transfer service provider Stage: Acquired FF and P Private Equity, MMC Ventures, Stonehage Fleming Private Equity and 2 Other Investors Local In-Local Out FairFX (2006, London) Prepaid currency cards, travel cash and international money transfer IPO Date Aug 2014 Mcap - IPO Mcap $51.3M LON FFX P/E 279.45 HiFX (1997, Windsor) Foreign exchange and international money transfer Stage: Acquired Moneycorp (1962, London) Foreign exchange and international payments for businesses and individuals. Stage: Acquired RBS Group, Pollen Street Capital Telupay (2010, Makati) Mobile and Payment making platform provider. IPO Date - Mcap - IPO Mcap - - - P/E - Wallet Money Revolut (2014, London, $340M) Cloud money app for currency exchange. Unicorn. Stage: Series C Index Ventures, Ribbit Capital, DST Global and 11 Other Investors TNG Wallet (2013, $115M) Hong Kong-based mobile wallet Soonicorn. Stage: Series A NewMargin Ventures Uphold (2014, San Francisco, $73M) Multiple currency reserve and exchange platform. Soonicorn. Stage: Series B Greg Kidd, Hard Yaka WeSwap (2010, London, $33.1M) Multi-currency travel mobile wallet. Minicorn. Stage: Series B IW Capital, Ascot Capital Partners, EC1 Capital
  • 162.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (4/13) 162 Remittance > Appendix > Index of Top companies by Market Retail Payments Wallet Money bKash (2010, Dhaka, $11M) Mobile based remittance service provider. Editor's Pick. Stage: Series A Bill and Melinda Gates Foundation, Gray Ghost Ventures Billon (2012, Warsaw, $5M) Cross border money transfer app Editor's Pick. Stage: Series A SILK Venture Toastme (2014, Singapore, $2.4M) Mobile-based remittance solution leveraging local merchant network. Editor's Pick. Stage: Seed Aetius Capital, 1776, Pepper and 5 Other Investors Wallet Money ZipZap (2010, San Francisco, $2.2M) Mobile money transfer service provider Minicorn. Stage: Seed Blumberg Capital, 500 Startups, TriplePoint Capital and 4 Other Investors NOW Money (2015, Dubai, $2.2M) Employer enabled mobile wallet to provide financial solutions. Editor's Pick. Stage: Seed Accion, Newid Capital Wave Systems (2014, Lee, $825k) International remittance app IPO Date - Mcap - IPO Mcap - - - P/E - Wallet Money Neema (2013, Tel Aviv, $370k) Mobile wallet app provider to send money cross borders. Minicorn. Stage: Seed Y Combinator, Kima Ventures, Lattice Ventures Skrill (2001, London) Online money transfer and wallet provider Unicorn. Stage: Acquired Idinvest Partners, CVC Capital Partners Europeone (2015, London) Currency agnostic mobile banking and payment app Editor's Pick. Stage: Funded Startupbootcamp Globcoin (2015, London) Multi-currency global account with a prepaid debit card. Editor's Pick. Stage: Unfunded
  • 163.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (5/13) 163 Remittance > Appendix > Index of Top companies by Market Retail Payments Wallet Money Manigo (2015, London) International payment account with card. Editor's Pick. Stage: Unfunded MaxiCash (2016, Johannesburg) Mobile first remittance service. Editor's Pick. Stage: Unfunded DiPocket (2014, London) Mobile wallet and a pre-paid card provider. Editor's Pick. Stage: Unfunded Hoopay (2016, Kuala Lumpur) App based multi-currency account with physical card for forex. Editor's Pick. Stage: Unfunded Moneymail (2015, Monaco) Social money transferring app. Editor's Pick. Stage: Unfunded Wallet Money Ozan (2015, London) Multi-currency account with physical card for travellers. Editor's Pick. Stage: Unfunded PaySend (2015, Valletta) Digital wallet provider to transfer money directly to recipients' card Editor's Pick. Stage: Funded Digital Space Ventures SwapX (2015, London) Mobile wallet to make payment internationally for travellers. Editor's Pick. Stage: Unfunded Waiv (2014, Melbourne) Global remittance service with linked debit card Editor's Pick. Stage: Unfunded Blockchain Circle (2013, Boston, $246M) Digital currency wallet for global money transfers Soonicorn. Stage: Series E Bitmain, Breyer Capital, General Catalyst Partners and 16 Other Investors Coins.ph (2013, Manila, $10M) Bitcoin wallet for transactions in Philippines Minicorn. Stage: Series A Naspers, Accion, Innovation Endeavors and 10 Other Investors Moin (2016, Seoul, $2.4M) Blockchain-based remittance service. Editor's Pick. Stage: Series A The Wells Investment, Capstone Partners, Strong Ventures and 1 Other Investors
  • 164.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (6/13) 164 Remittance > Appendix > Index of Top companies by Market Retail Payments Blockchain Sentbe (2015, Seoul, $25k) Money transfer service from Korea to Philippines. Editor's Pick. Stage: Seed SparkLabs, Stonebridge Capital CoinX (2013, New York City) Online money transfer and ACH services provider. Editor's Pick. Stage: Unfunded Echo (2016, Munich) P2P messaging and payments platform leveraging blockchain. Editor's Pick. Stage: Unfunded Flash FX (2015, Sydney) Online platform for money transfer leveraging Ripple protocol. Editor's Pick. Stage: Unfunded Vala (2015, Tel Aviv) Money transfer using marketplace of remitters. Editor's Pick. Stage: Funded Techstars, Breega Capital, Firstime Blockchain Paycase (2014, Toronto) Universal banking platform that leverages blockchain technology Minicorn. Stage: Seed Two Small Fish Ventures, Crypto Capital, Hedgewood Abypay (2016, Lisbon) Blockchain-based P2P money transfer app Editor's Pick. Stage: Unfunded Airpocket (2015, Boston) Bitcoin based remittance service provider. Editor's Pick. Stage: Unfunded Bluepan (2015, Seoul) Blockchain-based remittance solution provider. Editor's Pick. Stage: Unfunded Bridge21 (2014, Denver) Bitcoin-based international money transfer Editor's Pick. Stage: Funded Techstars Blockchain Cashaa (2016, London) Remittance solution using agents for currency exchange leveraging Blockchain. Editor's Pick. Stage: Unfunded GeoPay (2014, Sandton) Mobile wallet payment and money transfer service provider. Editor's Pick. Stage: Unfunded Trustlines Network (2017, Mainz) Ethereum based P2P poeple powered money blockchain network. Editor's Pick. Stage: Unfunded
  • 165.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (7/13) 165 Remittance > Appendix > Index of Top companies by Market Retail Payments Offline UNISTREAM Money Transfers Global (2006, Moscow, $20M) Transfer Money internationally Minicorn. Stage: Series B Aurora Russia MoneyGram (1940, Dallas) Leading Money transfer service Unicorn. Stage: Acquired Goldman Sachs, Blum Capital Partners TransFast (1988, New York City) International, money transfer and payments company Soonicorn. Stage: Acquired Apis Partners, Comvest Partners Tempo Money Transfer (2008, Paris) Money transfer service through dedicated agents Editor's Pick. Stage: Unfunded Offline Intermex (1994, Miami) Money transfer service provider Soonicorn. Stage: Acquired Banyan Mezzanine Funds Vigo Remittance Corporation (1986, Sunrise) Money transfer rate comparison and agent search platform. Editor's Pick. Stage: Acquired Great Hill Partners Xpress Money (1999, Dubai) Send Money cross borders. Editor's Pick. Stage: Unfunded Western Union (1851, Englewood) Money transfer service IPO Date Oct 2006 Mcap $9.3B IPO Mcap - NYSE WU P/E 29.4 Alternative Remittance Flywire (2009, Boston, $43.2M) Global money transfer in local currency Soonicorn. Stage: Series C Bain Capital Ventures, Spark Capital, Accel Partners and 9 Other Investors Afrimarket (2013, Paris, $14.6M) Cash based money transfer to Africa. Minicorn. Stage: Series B Global Innovation Fund, BIM, Orange Digital Ventures and 1 Other Investors ding.com (2006, Ballsbridge) Mobile airtime transfer. Editor's Pick. Stage: Funded Gray Ghost Ventures, NextLevel Venture Partners NexPay (2011, Sydney) International student payment portal. Editor's Pick. Stage: Unfunded
  • 166.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (8/13) 166 Remittance > Appendix > Index of Top companies by Market Retail Payments Alternative Remittance Posana (2016, New York City) Cash to goods solution using alternate digital currency. Editor's Pick. Stage: Unfunded Boss Revolution (2008, Newark) Prepaid International Calling and Payment Services IPO Date - Mcap - IPO Mcap - - - P/E - B2B Payments Banking Channels Payoneer (2005, Petah Tikva, $270M) Global money transfer service Soonicorn. Stage: Series E CBC Capital, Technology Crossover Ventures, W Capital Partners and 11 Other Investors Ebury (2009, London, $119M) B2B payment service provider. Soonicorn. Stage: Series B NIBC, Vitruvian Partners, 83North and 1 Other Investors Tipalti (2010, Palo Alto, $57M) Automated online mass payment system and account payable platform. Minicorn. Stage: Series C SGVC Banking Channels Kantox (2011, London, $27.3M) Enterprise money transfer service provider using P2P technology. Minicorn. Stage: Series B Silicon Valley Bank, Idinvest Partners, Mundi Ventures and 8 Other Investors Airwallex (2015, Melbourne, $24M) Cross-border payment platform for SMEs. Minicorn. Stage: Series B Square Peg Capital, Tencent, Sequoia Capital and 3 Other Investors Cambridge Global Payments (1992, Toronto, $20M) Efficient and customizable global payment services Soonicorn. Stage: Acquired
  • 167.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (9/13) 167 Remittance > Appendix > Index of Top companies by Market B2B Payments Banking Channels Traxpay (2009, Frankfurt Am Main, $19M) A B2B Payment Platform Minicorn. Stage: Series B Earlybird Venture Capital, Apax Partners, Software AG and 1 Other Investors Money Mover (2013, Cambridge, $2.2M) Foreign currency exchange and global payment services Editor's Pick. Stage: Seed Andy Homer Covercy (2014, Tel Aviv, $1.5M) Cross border money and forex service provider. Minicorn. Stage: Seed SGVC, Mindset ventures Payment Rails (2015, Toronto, $1.1M) Global payment network for mass payouts. Editor's Pick. Stage: Seed Scott Thompson, Ferhan Patel Banking Channels Kwanji (2012, London, $719k) Facilitating international trade and payments for businesses Editor's Pick. Stage: Seed Mercia Technologies, Midsummer Capital Kuan (2015, London, $32.6k) P2P matching technology based money transfer service provider. Minicorn. Stage: Seed Startupbootcamp, Startup Wise Guys, Startup Sauna Amnis Treasury Services (2014, Zurich) Currency exchange solution for SMEs. Editor's Pick. Stage: Unfunded Husky (2016, Remote) International fund movement, accounting and financial guidance. Editor's Pick. Stage: Unfunded Banking Channels Transpay (2012, New York City) B2B/B2P cross border money transfer Editor's Pick. Stage: Unfunded Hyperwallet Systems (2000, California) Mass Payout solution provider. Soonicorn. Stage: Acquired Primus Capital Partners, Raymond James, Primus Capital B2B Pay (2015, Helsinki) European B2B payment transfer services Minicorn. Stage: Funded Techstars Monuva (2016, London) International payment service. Minicorn. Stage: Seed Level39, Startupbootcamp
  • 168.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (10/13) 168 Remittance > Appendix > Index of Top companies by Market B2B Payments Banking Channels Tramonex (2013, London) Ethereum tool based cross border payments to SMEs Minicorn. Stage: Funded UK Government SettlePay (2015, Nottingham) Online currency exchange service for businesses. Editor's Pick. Stage: Unfunded Wallex (2015, Singapore) Cross-border payments enabler Editor's Pick. Stage: Unfunded Blockchain Platform Veem (2014, San Francisco, $40M) B2B payment platform. Minicorn. Stage: Series B KPCB, Silicon Valley Bank, SBI Holdings and 15 Other Investors BitPesa (2013, Nairobi, $10M) Bitcoin based remittance service provider. Soonicorn. Stage: Series A Greycroft Partners, Plug and Play Tech Center, Draper Associates and 10 Other Investors Wyre (2013, San Francisco, $5.8M) International money transfers using blockchain Minicorn. Stage: Series A Amway Southern Capital, Digital Currency Group, Draper Associates and 9 Other Investors Aggregator Sender Fee MoneySuperMarket (1993, Ewloe) A comparison site for financial products. IPO Date Jul 2007 Mcap - IPO Mcap - LON MONY P/E 22.21
  • 169.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (11/13) 169 Remittance > Appendix > Index of Top companies by Market Enablers Enablers Fastacash (2012, Singapore, $23.5M) Payments via social networking sites Minicorn. Stage: Acquired Rising Dragon, Life.SREDA, SPRING Singapore and 4 Other Investors eServGlobal (1983, Paris) Mobile Money & Mobile Financial Services IPO Date Oct 2005 Mcap - IPO Mcap - LON ESG P/E - Network Ripple (2012, San Francisco, $90.5M) Open source payment protocol for cross border money transfer. Soonicorn. Stage: Series B Standard Chartered, SBI Holdings, Digital Ventures and 27 Other Investors PayCommerce (2006, Matawan, $22M) Payment network through a consortium of banks offering global ACH. Soonicorn. Stage: Series B Tritium Partners Regalii (2012, New York City, $8.1M) SMS based Non-Cash Remittances Platform provider Editor's Pick. Stage: Series A IGNIA, Kapor Capital, GP Ventures and 17 Other Investors Network TransferTo (2005, San Francisco, $3M) Global Airtime Remittance Hub Minicorn. Stage: Acquired Ingenico, STC Ventures Stellar (2014, San Francisco, $3M) Decentralized protocol for sending and receiving money in any pair of currencies Editor's Pick. Stage: Seed Nobu Network Streami (2015, Seoul, $2M) Middleware and infrastructure for Blockchain remittance Minicorn. Stage: Seed Shinhan Bank, ICB, Blue Point Capital Partners and 2 Other Investors Dragonfly Fintech (2014, Singapore) Blockchain based remittance services Minicorn. Stage: Unfunded
  • 170.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (12/13) 170 Remittance > Appendix > Index of Top companies by Market Enablers Network Inpay (2007, Copenhagen) Cross-border payment network of banks. Editor's Pick. Stage: Unfunded Connect Africa Payments (2012, Nairobi) Payment network solution. Minicorn. Stage: Unfunded PayKii (2015, Arlington) Cross border bill payment hub Minicorn. Stage: Seed Ashby Point Capital, Assembly Capital Advisors Earthport (1997, London) Financial services organisation specialising in cross-border payments IPO Date Jan 2001 Mcap - IPO Mcap $14.7M LON EPO P/E - VIO Commerce (2013, Vancouver) Cloud based peer to peer money transfer. Editor's Pick. Stage: Unfunded Remittance-as-a-Service Currency Cloud (2012, London, $63.5M) Cross-border payment services provider Soonicorn. Stage: Series D GV, Sapphire Ventures, Anthemis Group and 9 Other Investors Hyphen (2016, Seoul) Blockchain settlement solution provider for businesses. Editor's Pick. Stage: Unfunded Vitesse (2014, Cobham) Global money transfer platform Minicorn. Stage: Funded Hoxton Ventures Peppermint Innovation (2014, Perth) Proprietary Mobile Banking Technology provider IPO Date - Mcap - IPO Mcap $7.9M ASX PIL P/E - Risk Management Synops (2015, London) Foreign exchange risk management solution provider. Editor's Pick. Stage: Unfunded
  • 171.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Remittance Index of Top companies by Market (13/13) 171 Remittance > Appendix > Index of Top companies by Market Forex Currency Exchange BookMyForex (2011, Gurgaon, $3.1M) Online Money Exchange and Remittances Editor's Pick. Stage: Series A Faering Capital ICE (1973, London) Currency exchange service provider Editor's Pick. Stage: Unfunded BeeCambio (2015, Sao Paulo) Online platform connecting consumers and currency exchanges. Editor's Pick. Stage: Unfunded Interchange Financial (2010, Toronto) Currency exchange services Editor's Pick. Stage: Unfunded
  • 172.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jul 2018 Funded Deadpooled Companies 172 Excludes all details for Chinese companies Remittance > Appendix > Funded Deadpooled Companies View all 86 Deadpooled companies on Tracxn Platform Funding Company Location $30M Boom Financial Palo Alto $7.8M RegaloCard Wellington $1.1M Yezzi Chicago $1M Forex Express Corp Los Angeles $500k MedicSana Austin $400k First Remit London $263k Cashila More $150k Netero Dallas $120k Moni London $120k Freeport Mobile Brooklyn $100k Paykind San Francisco $60k BitNexo Santiago Pa-Go Mobile Seattle iKobo Money Transfer Atlanta Zenbanx Wilmington Hellobit San Francisco Pocket Teller San Francisco Index of Deadpooled companies in Remittance
  • 173.
    Gaurav Jain Senior ResearchManager Rohit Kothari Lead Analyst Team 173 For research queries write to us at myanalyst@tracxn.com Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Remittance - Jun 2018
  • 175.
    Copyright © 2018,Tracxn Technologies Private Limited. All rights reserved. Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com