After a career at the UN, Somaliland-born Ismail Ahmed, 59, founded WorldRemit in 2010. He wanted to reduce the expense and inconvenience of sending money to family and friends in Africa. The company has raised more than $375m to expand its online money transfer service, which allows customers to send money to recipients in more than 150 countries using a computer or mobile device rather than having to go to a high street counter service. Turnover, which comes from commission, grew to £91m last year. The company’s chief executive is Breon Corcoran, 48, who took the helm last year, with Ahmed staying on as non-executive chairman.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.