WorldRemit
Global cross-border payments company
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| 2023 | The Consumer Financial Protection Bureau (CFPB) found that Chime Inc, a WorldRemit subsidiary operating Sendwave, violated the Electronic Fund Transfer Act and CFPB Remittance Transfer Rule. Multiple compliance and consumer protection violations were identified, including illegal waiver of consumer protections, misrepresentation of transfer speeds and costs, and failure to properly disclose exchange rates and investigate transfer errors. |
| August 2022 | Breon Corcoran left the organization, and Mark Lenhard, former COO of bill.com, was appointed Group CEO of Zepz. |
| 2021 | WorldRemit acquired Sendwave, expanding its cross-border digital payments capabilities. |
| 2020 | WorldRemit and Sendwave processed 50 million transactions and facilitated the sending of over $10 billion in cross-border digital payments. |
| 2019 | WorldRemit completed a $175 million Series D funding round, with TCV, Accel, and LeapFrog Investments as lead investors. |
| October 2018 | WorldRemit announced Breon Corcoran as their new CEO. During this period, the company acquired SendWave and established Zepz as the group business housing both WorldRemit and SendWave brands. |
| 2017 | WorldRemit raised $40 million in a Series C funding round, with LeapFrog Investments as the lead investor. |
| February 2015 | WorldRemit secured a $100 million Series B funding round led by Technology Crossover Ventures (TCV), with TCV General Partner John Rosenberg joining the company's board. |
| 2010 | WorldRemit was founded by Ismail Ahmed, a former compliance advisor to the United Nations Development Programme. |
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