After a career at the UN, Somali-born Ismail Ahmed, 56, started WorldRemit in 2010 as an alternative to expensive high street money-transfer services. In the past two years the company has raised $185m (£144m) from venture capital firms, including a $100m round led by the Silicon Valley investor TCV in February last year. Every month, the London outfit processes more than 400,000 online money transfers, involving more than 50 countries. Sales — in essence, commission — grew to £26.8m in 2015.

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Company details
Year2016
Rank6
CompanyWorldRemit
ActivityMoney transfer provider
LocationCentral London
Average 3 year sales growth180.35%
Latest sales £000s26,813
Staff198
Founded2010
Websitewww.worldremit.com

If applicable:

* supplied by company † annualised figure