Tel Aviv based digital mobile banking platform for facilitating cash remittances raised $25m in Series B funding led by OurCrowd.
The COVID-19 pandemic boosted the growth of many FinTech companies and Rewire was no different. “The Covid-19 crisis posed difficult challenges to the expat community in Israel and all over the world,” said Guy Kashtan, Rewire’s co-founder and CEO according to media reports. “Migrant workers were used to working with cash, withdrawing everything they earned. The quarantines and lockdowns prevented them from doing that, so many of them made a quick transition to digital. Over a very short period of time, we were required to double our customer support team, which is made up of 35 employees from all nationalities that reflects our clientele. We employ people who come from Thailand, China, the Philippines, Nigeria, Sri Lanka, and a range of other countries.”