Rewire

Company Overview

Snapshot

Founded in January 2015 by Guy Kashtan and Saar Yahalom, Rewire operated with 51–200 employees. The company raised a total of $61.5M across 5 funding rounds from 15 investors. In January 2023, Rewire was acquired by Remitly, marking a significant exit for the fintech startup.

Business overview

Rewire was a licensed remittance company specializing in international money transfers. The company's core offering allowed users to send money from Israel to over 20 countries, focusing on reducing fees and improving exchange rates. Accessible via any internet-connected device, Rewire's platform served the cross-border financial needs of migrants, operating within the Fintech & Insurtech sector, specifically in money transfer and management.

Strategic signal

In January 2023, Remitly completed its acquisition of Rewire. This acquisition signals a consolidation within the cross-border payments market, with larger players absorbing specialized fintechs to expand their global reach and service offerings, particularly targeting migrant communities.

Company Intelligence Q&A

What was the most recent funding round for Rewire?

In February 2022, Rewire secured funding from Migdal Insurance and Financial Holdings and Moneta VC.

When was Rewire acquired?

Rewire was acquired by Remitly in January 2023.

Which company did Rewire acquire?

In June 2022, Rewire acquired Imagen Cards, a prepaid card provider.

Who were the founders of Rewire?

Rewire was founded by Guy Kashtan and Saar Yahalom.

What was Rewire's total capital raised?

Rewire raised a total of $61.5M across 5 funding rounds.