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British payments pioneer considers $1.5bn US Spac listing in blow to London


British payments pioneer considers $1.5bn US Spac listing in blow to London
Worldremit has held talks in recent weeks about a listing through a merger with a US special purpose acquisition company
10 March 2021 • 3:30pm
British payments company Worldremit is considering spurning the London Stock Exchange for a US Spac listing that could value it in excess of $1.5bn (£1bn).
Founded by Ismail Ahmed in 2010 after he struggled to send money home to his family in Somalia, Worldremit enables cross border payments online or through its app in 70 currencies and has grown to employ more than 1,000 staff.
The London-based firm has held talks in recent weeks about a listing through a merger with a US special purpose acquisition company (Spac), according to market sources.  ....

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