UK money transfer startup WorldRemit raises $40m for Indonesia push

UK money transfer startup WorldRemit raises $40m for Indonesia push

UK-based digital money transfer service WorldRemit has raised $40 million in a series C financing led by LeapFrog Investments, as it seeks to expand its presence in Indonesia, its largest market in the APAC region.

The funding brings total amount raised by the remittance firm to $220 million, according to an announcement. The round also saw “significant participation” from existing investors Accel and TCV.

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