After a career at the United Nations, Somali-born Ismail Ahmed, 57, started WorldRemit in 2010 as an alternative to expensive high-street money transfer services. The company has raised $185m (£142m) from venture capital firms, including a $100m round led by the Silicon Valley investor TCV in 2015. Every month, WorldRemit processes more than 650,000 online money transfers from 50 countries to over 140 destinations. Headquartered in London, it has opened offices in North America, Africa and Asia. Sales, which represent commission, grew to £41.1m in 2016.

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Company details
Year2017
Rank40
CompanyWorldRemit
ActivityCurrency transfer provider
LocationCentral London
Average 3 year sales growth95.07%
Latest sales £000s*41,054
Staff324
Founded2010
Websitewww.worldremit.com

If applicable:

* supplied by company † annualised figure