URemit
URemit is a private Canadian remittance firm, founded in 2006 and based in Mississauga, that provides cash-over-counter transfers, bank-account credit, and door-to-door payment services for cross-border money senders.
- Company typePrivate
- Founded2006
- HeadquartersMississauga, Canada
- Headcount11–50
- GTM typeB2C
- OfferingServices
What URemit does
URemit is a privately held Canadian financial-services firm headquartered in Mississauga, Ontario, that provides cross-border money remittance services. Its service set comprises three delivery modalities: cash-over-counter transfers, credit to a bank account, and door-to-door payment services. These channels collectively target senders of remittances — typically diaspora populations funding recipients abroad — who require physical-cash origination or in-person delivery rather than exclusively digital transfers.
The firm operates on an agent/correspondent remittance model: cash-over-counter implies a retail-agent network where senders deposit funds in person and the firm arranges payout in a destination country; bank-account credit suggests a digital settlement leg layered on top of the cash-collection side; and door-to-door delivery extends the model to last-mile physical payout. This omnichannel structure (cash, account credit, door-to-door) is characteristic of the incumbent generation of remittance operators serving corridor-specific demand, particularly in markets where recipients may lack bank accounts or prefer physical cash pickup.
Business model details — pricing, fee structure, corridors served, transaction volume, take-rate, customer-segment mix, revenue, and funding history — are not disclosed in the available source material. The only verifiable scale indicators are firmographic: a founding year of 2006 (eighteen-plus years of continuous operation), a headcount band of 11-50 employees, and a single office in Mississauga. The company's own website (uremit.ca) resolves to a verification/loading page with no operational or financial content, and no management team, customer logos, partnership list, regulatory-licence disclosures, or product-launch history are documented. The information environment is materially data-thin, and any evaluation of unit economics, competitive position, or growth trajectory is correspondingly constrained.
URemit firmographics
Firmographics- Name
- URemit
- Legal name
- URemit
- Website
- https://uremit.ca
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- URemit is a private Canadian remittance firm, founded in 2006 and based in Mississauga, that provides cash-over-counter transfers, bank-account credit, and door-to-door payment services for cross-border money senders.
- Ownership category
- akta.pro rank
URemit industry classification
Industry- Product category
- Remittance Services
- NAICS
- Local Messengers and Local Delivery (49221)
- SIC
- Telegraph & Other Message Communications (4822)
- akta.pro primary industry
- Consumer Remittances (P2P) (FSAMAIAA)
- akta.pro secondary industry
- Cross-Border Collections & Local Receiving (Pay-ins) (FSAMAIAI)
Keywords
Where URemit is headquartered
LocationHeadquarters
- HQ city
- Mississauga
- HQ country
- Canada
- HQ region
- North America
Markets served
URemit business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
URemit product offering
Product offeringCore offering
URemit provides cross-border remittance services to individual customers through three delivery channels: cash-over-counter transfers for recipient pickup, direct credit to a recipient's bank account, and door-to-door payment services where funds are physically delivered to the recipient's address. The company operates as a money transfer service aimed at consumers who need to send funds domestically or internationally.
Differentiator
Problem solved
Functional benefit
Products and services
- Cash-Over-Counter Transfers
- Bank Account Credit Transfers
- Door-to-Door Payment Services
Companies that use URemit
Customer profileIdeal customer profiles1 record
URemit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
URemit partnerships and signals
Strategic signalExpansion highlights1 record
URemit competitors and assessment
Company assessmentBroad incumbents
- Xoom (PayPal): PayPal-owned digital remittance service offering bank deposits, cash pickup, and mobile wallet transfers. Competes with URemit on bank-credit and cash-pickup channels with the backing of PayPal's scale.
- Western Union: Global incumbent with the largest cash-over-counter agent network and bank-account transfer capability. Overlaps directly with URemit's full product set but operates at vastly greater scale across many more corridors.
- MoneyGram: Established cross-border money transfer operator with cash-pickup and bank-deposit services. Competes with URemit across both cash and account-based channels from Canada to global corridors.
- Ria Money Transfer: Large agent-based remittance operator (owned by Euronet Worldwide) offering cash pickup and bank deposits in Canada. Closest large-scale comp to URemit's cash-over-counter and bank-credit model.
Direct peers
- Wise (TransferWise): Digital cross-border payments platform offering bank-account-to-bank-account transfers at mid-market FX. Directly competes with URemit's bank credit service for digitally inclined customers in the same corridors.
- WorldRemit: Digital remittance platform offering mobile money, bank deposits, and cash pickup across hundreds of corridors. Competes with URemit across all three service modes for diaspora customers in Canada.
- Remitly: Digital-first remittance provider serving immigrant corridors from Canada and the US to emerging markets. Directly competes with URemit's bank-account credit product and increasingly with cash-out options through partner networks.
- Small World Money Transfer: European-origin remittance operator with strong cash-pickup and door-to-door service presence, particularly in African and Asian corridors from Western markets. Comparable niche agent-based model to URemit.
- INTERMEX: US-based remittance provider focused on Latin American corridors, offering cash pickup and bank credit. Comparable mid-size operator with similar multi-channel service mix to URemit.
Regional players
- Remitbee: Canadian-based digital remittance company operating from the Greater Toronto Area targeting South Asian and African corridors. Direct regional peer to URemit with overlapping customer base and corridors.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
URemit social profiles
Digital presenceURemit financial estimates
Financial estimateRevenue estimate
Valuation estimate
URemit leadership team
Management profileNumber of profiles
URemit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
URemit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about URemit
What does URemit do?
URemit provides cross-border remittance services to individual customers through three delivery channels: cash-over-counter transfers for recipient pickup, direct credit to a recipient's bank account, and door-to-door payment services where funds are physically delivered to the recipient's address. The company operates as a money transfer service aimed at consumers who need to send funds domestically or internationally.
Is URemit a public or private company?
URemit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was URemit founded?
URemit was founded in 2006. It employs 11 to 50 people.
Where is URemit based?
URemit is headquartered in Mississauga, Canada, in the North America region.
Who are URemit's main competitors?
Broad incumbents on record are Xoom (PayPal), Western Union, MoneyGram and Ria Money Transfer. Direct peers are Wise (TransferWise), WorldRemit, Remitly, Small World Money Transfer and INTERMEX. Remitbee is listed as a regional player.
Does URemit have an API?
No public API is recorded for URemit.
What industry is URemit in?
URemit's product category is Remittance Services. Its primary akta.pro industry code is FSAMAIAA, Consumer Remittances (P2P), with a secondary code of FSAMAIAI, Cross-Border Collections & Local Receiving (Pay-ins). Its NAICS code is 49221 and its SIC code is 4822.