Rewire is a Tel Aviv, Israel–based international financial services platform that serves migrants worldwide. The company leverages technology and strategic partnerships with financial institutions in migrants’ countries of origin and new homes to provide remittance and payment accounts and advanced services such as bill payments, savings and mortgage loans. Rewire manages several online global communities for customers who have migrated to Europe from over 20 countries across Asia and Africa, including the Philippines, Nigeria, India, Thailand and China. The platform is founded by Guy Kashtan (CEO), Adi Ben Dayan (VP R&D), Saar Yahalom (CTO) and Or Benoz. Rewire plans to use new funding to develop country-specific offerings, exemplified by a partnership with a pan-Asian insurance company that enables members to purchase coverage for family back home. The company raised $25M in funding as reported in the article. Rewire is a Tel Aviv/Amsterdam-based fintech focused on providing cross-border online banking and financial services for migrants. Its existing product set includes credit and loan services, investments, and savings. The company plans to further develop its platform to add bill payments and insurance products. Rewire recently secured a €/EU Electronic Money Institution (EMI) license from the Dutch Central Bank and an expanded Israeli Financial Asset Service Provider designation. Financially, the company announced a $20 million Series B and a significant line of credit from a leading bank to support product and geographic expansion. CEO Guy Kashtan said the funding and licenses will be used to expand geographies and products and advance the company’s financial-inclusion mission. Rewire, founded in 2015 and based in Tel Aviv, Israel, provides cross-border accounts for migrants. It serves Filipinos, Nigerians and Indians living in Europe. The company offers a free Euro account to keep money safe and manage financial activity, plus a mobile app to send money, view balances and control expenses. Users receive a personal IBAN for sending and receiving money via a transfer platform and a free prepaid Mastercard for shopping, bill payments and ATM withdrawals worldwide. Rewire plans to use the funds to continue expanding operations and extend its reach into Europe. The company recently raised $12m in a Series A financing.

Total raised

$57M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2022