WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has appointed Sophie Krishnan as its new Chief Operating Officer. According to WorldRemit, Krishnan has held senior management roles at consumer-facing disruptors like Expedia and Trainline, where she led product, marketing, and commercial teams. She also spent over a decade in investment and strategic advisory at Investor AB and Bain & Co in the USA and in Europe.
Speaking about Krishnan’s appointment, Breon Corcoran, CEO of WorldRemit, stated:
“I am delighted that an executive of Sophie’s calibre and industry experience has chosen to join WorldRemit at this exciting time. WorldRemit has been a pioneer in making money transfers as easy as sending a text and as we continue to grow and stand out on speed, service, security and value, we need strong leadership. I welcome the insight and rigour that she will bring and look forward to working with her.”
Krishnan added:
“I am excited to be joining WorldRemit at this critical time as we move into this next phase of growth. World Remit is a leader in our field and we have exciting plans to accelerate our growth, help customers transfer money securely and quickly and reduce the cost to them.”
Founded in 2010, WorldRemit describes itself as a global lead-in smartphone and online payments. The company notably provides a low-cost alternative to expensive brick-and-mortar agents. It also handles a growing share of the $700billion remittance sent each year by expatriates and migrant workers to their home countries. WorldRemit serves nearly five million customers and transfers money from 50 “send” countries to 150 “receive” countries.