Collins Benson Goldhill LLP’s business services team, David Morrison and Edward Harris Hughes, acted for the innovative online money transfer business, WorldRemit Ltd in connection with its raising of circa £350,000 of investment capital. WorldRemit Limited’s CEO and founder, Dr Ismail Ahmed had been offered the investment following his success in winning a business plan competition at the London Business School.
Ismail Ahmed “ Securing investment for our business with the help of CBG has allowed us to put in place technology that provides a secure online user experience and a world class money transfer platform, which together will make money transfers much more convenient for our customers.”
David Morrison, a Partner in the Business Services Department of Collins Benson Goldhill LLP said “CBG enjoys working with people who are establishing new businesses. Taking care of the legal aspects of starting business allows our clients to concentrate on their ideas and growing their businesses. WorldRemit has made a great start and we wish Ismail and his team every success for the future.”
WorldRemit is an online money transfer system which enables families to transfer funds quickly, securely and easily from any home or office based computer using their credit or debit cards. The money can then be either collected from agents or credited to a bank or mobile phone account. Further information is available at www.worldremit.com. The business started operating in 2010 and now serves customers in over 25 countries. Dr. Ahmed recently won an entrepreneurship award at the Somali Achievements Awards ceremony – the service provides a much more convenient way for Somalis to send money home, With transfers directly to mobile accounts, recipients can save time and money as they no longer need to travel to agent locations to collect cash– and as transfers are usually for sums of less than $100, the travel costs can be a significant proportion of the sum that is being collected.
Collins Benson Goldhill LLP is a Lexcel accredited firm of west end solicitors* based on Great Portland Street (just off Oxford Circus) in Central London, which has been established for 21 years specialising in providing affordable, practical and professional advice in connection with all aspects of commercial law such as Leasehold Enfranchisement and unfair dismissal. Its business service team is experienced in advising start up and growing companies in all aspects of their business, including shareholder agreements, investment agreements, employment agreements, and commercial contracts. Further information about Collins Benson Goldhill LLP’s services can be found at www.cbglaw.co.uk.