World Remit brings in former Paddy power boss as CEO

Digital cash switch business World Remit has proven the appointment of the previous boss of making a bet chain Paddy power Betfair as its new chief govt.

Sky information pronounced earlier that Breon Corcoran turned into to be named this week as World Remit’s new chief as it gets closer to becoming the UKs latest know-how, unicorn” – a originate-up value at least $1bn £764.6m.

Mr Corcoran, who performed a key position in the 2015 merger of Paddy power and Betfair community, left the mixed company inside the final 12 months.

He currently sits on the board of Tilney group, the monetary planning and advisory community, as a non-Govt director.

A former JPMorgan banker, Mr Corcoran’s role at World Remit – which dubs itself, the WhatsApp of funds” – can be to proceed its world enlargement at a time of transforming into competitors in the foreign money remittance market.

World Remit has brought up plans to reach up to 10 million clients with the aid of 2020.

Mr Corcoran mentioned: “the world over, patrons are turning faraway from cash, in opposition to digital payments options.

World Remit founder Ismail Ahmed turns into executive chairman of the UK fintech company with tailwinds like the world adoption of latest technologies mixed with transforming into remittance flows, there’s enormous potential for World Remit’s world expansion and that i appear forward to leading the company via its subsequent evolution.”

Dependent in 2009, the enterprise has established partnerships with an array of international banks, cell network operators and funds transfer networks.

Ismail Ahmed, World Remit’s founder and former chief executive, is now executive chairman with immediate impact.

He stated: “Breon’s global outlook and journey of bettering the usual of carrier out there will enable us to realize our ambitions to find new how to aid purchasers do more with their funds as the company scales.”