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WorldRemit Is Raising Funds at $5 Billion Valuation

  • Company is considering a stock listing as soon as next year
  • Talks with investors are ongoing and round hasn’t yet closed
Ismail Ahmed
Ismail AhmedPhotographer: Chris Ratcliffe/Bloomberg

Money transfer startup WorldRemit Ltd. is seeking to raise cash at a valuation of about $5 billion ahead of a potential initial public offering, people familiar with the matter said. 

The London-based company is in talks with investors about a funding round, though the deal hasn’t been finalized and terms may still change, the people said, asking not to be identified discussing confidential information. The IPO could come as soon as 2022, they said.