REWIRE, LEADING NEOBANK FOR EXPATS, RAISES USD 20M

Rewire, a fintech startup that develops cross-border online banking services tailored for the needs of expatriate workers worldwide, announced a Series B funding round of USD 20M and a significant line of credit from a leading bank.

- 

The funding round further builds on the firm’s explosive growth in Southeast Asia. Since launching its services in the region in 2016, Rewire has seen users remit hundreds of millions per year to Asia, and has acquired over 230,000 users originally from China, the Philippines, India, and Thailand. The firm’s user base continues to grow rapidly, with users from the Philippines and Thailand growing at 300% year on year. Similarly, the number of users originally from India is growing at 350%, while the pool of users originally from China is growing at 1000% year-on-year.