Venture Capital
WorldRemit raises $40 million (£29.7 million) "Series C" from LeapFrog Investments, Accel Partners, and Technology Crossover Ventures. The money will be put towards global expansion, with WorldRemit targeting 10 million customers by 2020. LONDON — Mobile money transfer service WorldRemit has raised $40 million (£29.7 million) from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures. WorldRemit announced the "Series C" fundraising on Thursday. It takes the total raised by the London-headquartered company to $220 million (£163.8 million).