WorldRemit raises $100m funding

WorldRemit today announced that it has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners.

This investment will allow WorldRemit to extend its existing reach of 50 send countries and 117 receive countries, and expand partnerships with Mobile Money wallets operated by telecoms companies in Africa, Asia and Latin America.

Congratulations to our long term members.

Tempo France registered its trademark with OHMI

Tempo France has registered its core product under the trademark ‘Tempo Money Transfer’ with the OHMI.

The Office of Harmonization in the Internal Market is the official body charged with protecting intellectual property within the EU.

As the business activity of Tempo is growing internationally, the need has appeared to protect the company’s brand by getting it registered with a solid intellectual property protection provider.

“The registration of Tempo Money Transfer as a trademark will be beneficial to our clients, to whom we provide services of European standards. Trademark registration is yet another milestone in our development, given Tempo is actively implementing its full-scale international partnership program in Europe, Africa, Asia, Latin & South America, India and the Philippines, as well as China, Middle East and Eastern Europe,” said Jeffrey Phaneuf, the president for Tempo France

He went on to say that Tempo’s trademark registration followed other important events. Just recently the company started collaboration with the leading multi-channel money transfer solutions provider RemitONE to offer worldwide connectivity in the global remittances market. It enabled the system to use state-of-the-art IT solutions and connectivity to link to an impressive global network of money transfer operators, banks, FX companies and remittance hubs.

Tempo France just recently joined the International Association of Money Transfer Networks, which unites over 50 financial institutions, specialised in remittances services.

As part of its international development, Tempo France recently started its activity in Nepal, collaborating with a leading local money transfer company, Samsara.

Tempo France now operates in nearly 100 countries, having a fully licensed branch in Germany. 

Tempo France has been granted its European money transfer license by the French regulatory authorities.

Tempo Money Transfer joins Nepal market teaming up with Samsara Finance

The international remittances provider, Tempo Money Transfer and the Nepalese leading money transfer company Samsara Money Transfer have successfully completed a joint integration project. 

The collaboration will enable the clients to send money from Tempo’s locations in Europe and receive it in branches of Samsara’s partners in Nepal. 

Both companies believe that the start of the project is an important milestone in development of the corridor between EU and Nepal, since the demand for quality and affordable money transfer services is on the raise.

The clients will be able to pick up cash sent from European outlets, where Tempo Money Transfer’ services are available, in over 1,800 agent locations- finance companies, retailers, corporates and travel agents who operate on b2b model using Samsara’s system. The network covers all of Nepal's provinces, even small towns and settlements.

Money can be sent from almost 60 locations in France and Germany. In Nepal, the service includes cash payout, account depositing, SMS and telephone notification.

The president for Tempo France, Mr. Jeffrey Phaneuf  said the client audience is very broad. “The cultural, economic and tourism ties between Nepal and the EU are increasingly growing. Development of the project will provide new options to send money, for Nepalese workers, migrants, students, 0businessmen, staying and working in Europe. They expect high quality services and affordable rates. That is what we can and will be happy to provide jointly with our partners in Samsara,” he said.

Tempo France is the company running Tempo Money Transfers. It has been granted its European money transfer license by the French regulatory authorities and operates in over 100 countries around the globe.

The director of marketing and business development for Samsara Money Transfer, Mr. Suraj Chhetri said that the joint project opens new perspective for both companies to further increase their client portfolio and reach new financial and operational heights.

“We care about the services we provide our clients with and always look for new opportunities to increase our network worldwide. Collaboration with Tempo is a way to step up our activities in such an important segment as Europe. That is why we are very happy to start our mutual work with them,” he said.