Remitly set to acquire Israeli fintech Rewire for $80m
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Rewire
How fintech can support migrants and help boost economic activity
Access to cross-border financial solutions has become more important than ever.
Fintech for migrants Rewire acquires prepaid card provider Imagen
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
Fintech for migrants Rewire lands $25m investment
The investment will be used to bring insurance products to Rewire’s 600,000 users.
International cash transfer app Rewire lands $20m led by OurCrowd
Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.
Israeli remittance fintech Rewire targets one million customers by end of 2021
Rewire currently boasts more than 200,000 European accounts.
Rewire CEO: We want to be the financial marketplace for migrants
Traditionally, migrants have struggled to find a one stop shop for their finances.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
