What is Rewire?
Headquartered in Amsterdam, Netherlands, Rewire was established in 2015 and operates as an online money transferring service. The company has successfully navigated multiple funding stages, indicating a strong market presence and a growing customer base. Its focus on facilitating international money transfers positions it within the dynamic fintech sector, an area attracting considerable investor interest for its potential to disrupt traditional financial services.
How much funding has Rewire raised?
Rewire has raised a total of $32M across 2 funding rounds:
Series A
$12M
Series B
$20M
Series A (2019): $12M with participation from OurCrowd, Moneta, Yaron Lemelbaum, Viola Fintech, Opera Tech Ventures, Leon Vaidman, Standard Bank of South Africa, and Yair Tauman
Series B (2021): $20M led by Renegade Partners, Glilot Capital Partners, and OurCrowd
Key Investors in Rewire
Renegade Partners
Renegade Partners is an investment firm that likely focuses on providing strategic capital to companies within its portfolio, aiming to foster growth and innovation.
Glilot Capital Partners
Glilot Capital is a top-performing venture capital firm focused on supporting founders in the cybersecurity and AI sectors. They provide a comprehensive framework that assists companies from seed stage to market leadership through various programs like G-Seed, G+, Mach5, and G-Club. With hands-on experience, flexible capital, and a global network, Glilot aims to deliver practical value and professional support to tech founders. Their services include advisory support, customer insights, and exclusive wealth management tailored for tech entrepreneurs.
OurCrowd
Founded in 2013, OurCrowd is a company that offers an investment platform built for accredited investors and institutions to invest in startups, early-stage companies, and venture funds. OurCrowd is located in Israel.
What's next for Rewire?
With its recent major strategic investment, Rewire is poised for accelerated growth and expansion. The substantial capital infusion, particularly following its Series B round, suggests a transition towards scaling its services, enhancing its technological infrastructure, and potentially exploring new markets or product offerings. This funding context points to Rewire being in a growth phase, aiming to solidify its market position and increase its competitive edge in the global money transfer industry.
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