Rewire

Company Overview

Snapshot

Founded in January 2015 by Guy Kashtan, Saar Yahalom, and Or Benoz, Rewire is a Fintech & Insurtech company with 51–200 employees. The company raised $61.5M across 5 funding rounds from 15 investors. In February 2022, Rewire secured funding from Migdal Insurance and Financial Holdings.

Business overview

Rewire operates in the Fintech & Insurtech sector, providing international money transfer services. The company's core offering helps users save on fees and rates when sending money from Israel to over 20 countries, accessible via any internet-connected device. Rewire focuses on reducing currency conversion and transfer costs for its users.

Strategic signal

In January 2023, Remitly completed its acquisition of Rewire. This acquisition signifies a strategic consolidation within the international money transfer market, indicating a move towards larger players absorbing specialized services to expand their global reach and migrant-focused financial offerings.

Company Intelligence Q&A

When was Rewire acquired?

Remitly completed its acquisition of Rewire in January 2023, transitioning the company to a non-active status.

Did Rewire make any acquisitions?

In June 2022, Rewire acquired Imagen Cards, a prepaid card provider, to expand its payment offerings for migrants.

Who were the founders of Rewire?

Rewire was founded by Guy Kashtan, Saar Yahalom, and Or Benoz in January 2015.