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Small World FS

smallworldfs.comWestern Europe
smallworldfs.com
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About

Remittances are one of the most economically important payment categories in the world — hundreds of billions of pounds flow annually from migrants in wealthy countries to family members in their countries of origin. The market has historically been dominated by Western Union and MoneyGram, both of which extract significant fees from the people least able to afford them. Small World Financial Services was founded in London in 2005 to compete in that market with a model focused on competitive pricing and trusted local distribution in the receiving countries. Its network covers over 90 countries with a combination of bank deposits, mobile wallet delivery, and physical cash pickup options that match how recipients actually want to receive funds — particularly important in markets where bank account penetration is low but mobile wallets are universal. Small World has built a particular following among the African and Latin American diaspora communities in Europe, segments that traditional banks serve poorly and that need the trust of a specialised remittance provider. In the European remittance market, where Wise and Remitly compete aggressively, Small World's depth in specific corridors and its dual physical and digital distribution remain genuine differentiators for the customer segments where physical pickup remains essential.

Categories
Payments
Subcategories
Cross-border transfersCard payments
Services & products
cross-border transfersFX managementpayout APIs
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Quick facts
Founded
2005
Founders
Employees
200-500
Users
Business model
B2C
Target customers
Consumers
Notable clients
Geographic focus
Western Europe
Last updated
Updated today