Refugee Turned Fintech Chief Aims to Upend a $444 Billion Market

Refugee, economist, whistle-blower, entrepreneur — Ismail Ahmed has played many roles in his odyssey from war-torn Somalia to London’s fintech frontier.

But one event stands out: In February 2010, he used a $200,000 settlement from the United Nations to start online money-transfer company WorldRemit Ltd. It has since raised more than $145 million and today sends cash to 142 countries.

This week, WorldRemit plans to connect its service to Android Pay, the digital wallet owned by Alphabet Inc.’s Google. That will make it easier for its 2.4 million customers to send money with just a couple of taps and take Ahmed a step closer to becoming a force in modernizing the way $444 billion a year in remittances are sent to developing economies.

Read More: Bloomberg

Related Post

Optimization WordPress Plugins & Solutions by W3 EDGE
%d bloggers like this: