In his remit: African fintech entrepreneur helps migrants move money


  • TECH
  • Thursday, 20 Jun 2019

Ismail Ahmed, founder and CEO of WorldRemit poses at their offices in London on March 5, 2019. - The money transfer business is personal for Ismail Ahmed. It was money wired by his brother that allowed him to make the final leg of his journey from escaping fighting in his native Somaliland to London in 1988 to take up a university scholarship. (Photo by TOLGA AKMEN / AFP)

PARIS: The money transfer business is personal for Ismail Ahmed. It was cash wired by his family that allowed him to make the final leg of his journey from escaping fighting in his native Somaliland to London in 1988 to take up a university scholarship. 

Today, Ahmed leads WorldRemit, one of a handful of fintech firms that is upending the remittances business that has long been dominated by three US firms – Western Union, MoneyGram and Ria – as well as banks. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

In an online world, a new generation of protesters chooses anonymity
After two winsome Ori games, a pivot into dark fantasy
Teenager in China dies of heart attack after teacher forces her to exercise, insists illness is ‘fake’, delays first aid, enrages mainland social media
NoSpace is Gen Z’s answer to MySpace
What if customers were rewarded for tipping their meal delivery drivers?
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Exclusive-Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Intesa targets new digital-only clients after antitrust blow
Paramount will let exclusive talks with Skydance lapse

Others Also Read