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WorldRemit
WorldRemit is a digital cross border remittance business that provides international money transfer and remittance services in more than 130 countries and over 70 currencies. It was founded in 2010 by Ismail Ahmed, Catherine Wines, and Richard Igoe. History WorldRemit was founded in 2010 by Ismail Ahmed, a former compliance advisor to the United Nations Development Programme. In October 2018, the firm announced that he would be stepping into the role of executive chairman and the company would be bringing in Breon Corcoran as CEO. During his tenure WorldRemit acquireSendWaveanZepzwas created as the group business housing both the WorldRemit and SendWave brands and businesses. Breon Corcoran left the organization in August of 2022 when Mark Lenhard, former COO of bill.com, was appointed Group CEO of Zepz. Operations WorldRemit focuses on cross border remittance money transfers from over 50 countries to over 130 countries around the world. For those receiving money, it offe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ismail Ahmed (businessman)
Ismail Ibrahim Ahmed ( so, Ismaciil Axmed, ar, إسماعيل أحمد) is the founder and chairman of WorldRemit, a money transfer company, and director of the Sahan Foundation International. Career Ahmed was born and raised in Somaliland, where he grew up in the city of Hargeisa. Before the outbreak of the Somali Civil War, Ahmed was awarded a World Bank scholarship to study economics in the UK at the University of London. After the outbreak of war, with the help of his family Ahmed was smuggled out of Somaliland to reach the United Kingdom as a refugee. While studying, Ahmed worked in a number of part-time jobs including Strawberry picking in Kent, and sending money home to family in Somaliland. The act of sending money home was important to him, following the tradition of other family members who worked abroad that did the same to support those in need back home in Somaliland. However the financial and time costs of conducting transactions to send money home began to get pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Breon Corcoran
Breon Thomas Corcoran (born July 1971) is an Irish businessman, and the CEO of WorldRemit and a non-executive director of Tilney (company), Tilney Investment Management Services and Bestinvest, both part of the Tilney Group. He was CEO of Flutter Entertainment, Paddy Power Betfair from February 2016 to January 2018. Early life Breon Thomas Corcoran was born in July 1971, in Mullingar, Ireland in 1971. He has a degree in Mathematics from Trinity College Dublin and an MBA from INSEAD. Career He worked for JP Morgan and Bankers Trust, before joining bookmakers Paddy Power in April 2001 with responsibility for developing the non-retail business, becoming a board director in 2004, and rising to COO in August 2010. He joined Betfair as CEO in August 2012. In June 2015, Corcoran was appointed as a non-executive director of Tilney Group. In 2016, he sold part of his share package in Betfair for an estimated £4.1 million. In August 2017, Corcoran announced he was stepping down as CE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Technology Crossover Ventures
TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry. Background TCV was founded in 1995 by Richard H. Kimball and Jay Hoag. The firm is headquartered in Menlo Park with additional offices in New York and London. In 2021, the firm founded TCV Acquisition, a Special-purpose acquisition company with no commercial operations. It was formed to raise capital to acquire private companies. On 14 April, it was listed on the Nasdaq under the ticker 'TCVA' and raised $350 million. The typical size of an investment that TCV makes in companies ranges from $3 million to $300 million. As of 2020, TCV has invested over $13 billion in over 350 companies. Funds Notable investments * Altiris * Airbnb * ByteDance * Dollar Shave Club * ExactTarget * Expedia * Facebook * Fandango * Fuze * GoDaddy * GoFundMe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LeapFrog Investments
LeapFrog Investments is a private investment firm that invests in high-growth financial services and healthcare companies in emerging markets. Since inception, LeapFrog has attracted over $2 billion USD from global investors. The firm's investments have an annual growth rate of more than 26% and its companies reach approximately 407 million consumers, primarily in Africa and Asia. Details LeapFrog was founded in January 2007 by Andrew Kuper and officially launched in 2008 by former US President Bill Clinton who endorsed the firm for opening new frontiers for alternative investments. According to ''The Economist'', LeapFrog is a well-established impact investing firm. LeapFrog has attracted over $2 billion USD from global investors, including Temasek, Prudential Financial, Swiss Re, JP Morgan, TIAA-CREF and eBay founder Pierre Omidyar's Omidyar Network. The firm has invested in companies such as BIMA, a financial technology business that provides services including mobile insura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eritrea
Eritrea ( ; ti, ኤርትራ, Ertra, ; ar, إرتريا, ʾIritriyā), officially the State of Eritrea, is a country in the Horn of Africa region of Eastern Africa, with its capital and largest city at Asmara. It is bordered by Ethiopia in the south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately , and includes the Dahlak Archipelago and several of the Hanish Islands. Human remains found in Eritrea have been dated to 1 million years old and anthropological research indicates that the area may contain significant records related to the evolution of humans. Contemporary Eritrea is a multi-ethnic country with nine recognised ethnic groups. Nine different languages are spoken by the nine recognised ethnic groups, the most widely spoken language being Tigrinya, the others being Tigre, Saho, Kunama, Nara, Afar, Beja, Bilen and Ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Funds Transfer
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account". EFT transactions are known by a number of names across countries and different payment systems. For example, in the United States, they may be referred to as "electronic checks" or "e-checks". In the United Kingdom, the term "bank transfer" and "bank payment" are used, in Canada, " e-transfer" is used, while in several other European countries " giro transfer" is the common term. Types EFTs include, but ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Companies
A non-bank foreign exchange company also known as foreign exchange broker or simply forex broker is a company that offers currency exchange and international payments to private individuals and companies. The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading. i.e. there is a physical delivery of currency to a bank account. Foreign exchange companies are normally distinct from money transfer companies or remittance companies and bureaux de change as they typically perform high-value transfers unlike their money transfer counterparts that focus on high-volume low-value transfers generally by economic migrants back to their home country or to provide cash for travelers. The transactions offered by foreign exchange companies are usually either spot transactions or forward transactions. Some foreign exchange companies, such as Moneycorp and Global Reach, offer foreign exchange options for business clients too. Given t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Remittance Providers
In computer technology and telecommunications, online indicates a state of connectivity and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed "on line" or "on the line") could refer to any piece of equipment or functional unit that is connected to a larger system. Being online means that the equipment or subsystem is connected, or that it is ready for use. "Online" has come to describe activities performed on and data available on the Internet, for example: "online identity", "online predator", "online gambling", "online game", "online shopping", "online banking", and "online learning". Similar meaning is also given by the prefixes "cyber" and "e", as in the words "cyberspace", "cybercrime", "email", and "ecommerce". In contrast, "offline" can refer to either computing activities performed while disconnected from the Internet, or alternatives to Internet activities (such as shopping in bri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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