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 January 2023, Rewire was acquired by Remitly.

Business overview

Rewire is a licensed remittance company operating in the Fintech & Insurtech sector, specializing in money transfer and management. The company provides a web-based and mobile platform that enables users to send money internationally from Israel to over 20 countries, including the Philippines, Nepal, Thailand, Sri Lanka, and India. Its core offering focuses on reducing fees and improving currency exchange rates for cross-border financial transactions, primarily serving consumers and migrant workers.

Strategic signal

In January 2023, Rewire was acquired by Remitly, a significant development that signals a successful exit for the company and its investors. This acquisition by a multinational entity like Remitly highlights the strategic value of Rewire's platform and its focus on serving the financial needs of migrant workers, indicating consolidation and expansion within the international money transfer market.

Company Intelligence Q&A

What was Rewire's most recent major corporate event?

Rewire was acquired by Remitly in January 2023, marking a significant exit for the company.

When did Rewire last raise funding?

In February 2022, Rewire secured funding from investors including Migdal Insurance.

What was Rewire's total capital raised?

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

Did Rewire make any acquisitions?

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

Who were the founders of Rewire?

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