What is Rewire?
Founded in 2015, Rewire operates as a specialized fintech entity focused on simplifying the complexities of international money transfers. By integrating banking-like services with remittance capabilities, the company addresses the unique financial needs of individuals living and working abroad. Its market position is defined by a commitment to transparency and efficiency, effectively bridging the gap between traditional banking institutions and the digital-first requirements of the modern global workforce. The firm's growth trajectory, marked by successive Series A and Series B rounds, reflects its ability to scale operations while maintaining regulatory compliance across multiple jurisdictions.
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 Standard Bank of South Africa, Moneta, Viola Fintech, Opera Tech Ventures, Leon Vaidman, Yair Tauman, OurCrowd, and Yaron Lemelbaum
Series B (2021): $20M led by OurCrowd, Renegade Partners, and Glilot Capital Partners
Key Investors in Rewire
OurCrowd
A prominent investment platform based in Israel that facilitates participation for accredited investors and institutions in high-growth startups and venture funds.
Glilot Capital Partners
A top-tier venture capital firm specializing in cybersecurity and AI, providing strategic advisory and operational support to founders from seed stage to market leadership.
Renegade Partners
A venture capital firm focused on partnering with companies at the growth stage to provide the necessary capital and expertise for scaling operations.
What's next for Rewire?
With the recent infusion of capital, Rewire is poised to accelerate its product development roadmap and expand its footprint in key emerging markets. The strategic focus will likely shift toward deepening its suite of value-added financial services, such as multi-currency accounts and localized payment solutions. As the company transitions from a scaling phase to a more mature enterprise-level operation, the emphasis will remain on optimizing user acquisition costs and enhancing the technological stack to ensure seamless, real-time transaction processing. This capital deployment is critical for maintaining a competitive edge against both legacy financial institutions and emerging neobanks in the global remittance sector.
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