IME London
IME London is a UK FCA-regulated digital remittance platform that enables migrant workers to send money from the United Kingdom to 40+ countries, primarily across South Asian corridors, via web, mobile, and a 150,000+ cash pickup network.
- Company typePrivate
- Founded2007
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2C
- OfferingServices
What IME London does
IME London, trading under Subhida UK Ltd, is a UK-based digital remittance company founded in 2007 and authorized by the Financial Conduct Authority (FCA register number 576127) and regulated by HMRC. The company provides international money transfer services from the United Kingdom to more than 40 destination countries, with a primary focus on South Asian corridors (Nepal, India, Bangladesh, Sri Lanka, Pakistan, Mongolia) and growing coverage across Europe, North America, Africa, the Middle East, and Oceania. Its core products are a self-serve web portal, native iOS and Android mobile applications, and a multi-channel payout network spanning 150,000+ cash pickup counters, direct bank-account deposits, and digital wallet transfers.
IME London firmographics
Firmographics- Name
- IME London
- Legal name
- Subhida UK Limited
- Website
- https://imelondon.co.uk
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IME London is a UK FCA-regulated digital remittance platform that enables migrant workers to send money from the United Kingdom to 40+ countries, primarily across South Asian corridors, via web, mobile, and a 150,000+ cash pickup network.
- Ownership category
- akta.pro rank
IME London industry classification
Industry- Product category
- Money Transfer and Remittance Services
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)
Keywords
Where IME London is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
IME London business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Marketing or Sales, Personnel, Technology or R&D, Operations
Revenue model
- Transaction Fees: IME London charges transaction fees for each money transfer. The fee structure includes a base fee plus a percentage of the transaction amount. For refunds, the fee is £5 or 2% whichever is greater.
- Foreign Exchange Margins: Revenue is generated through the spread between the interbank exchange rate and the rate offered to customers. The company provides competitive exchange rates while maintaining a margin on currency conversions.
- Promotional Programs: The company runs promotional programs including referral bonuses, birthday promotions, and super referral programs that generate engagement and drive transaction volume.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | New Customer Promotional Rate |
| Transaction based/ take rate | Pay-as-you-go | Standard Transaction Fee |
| Transaction based/ take rate | Pay-as-you-go | Refer and Earn Program |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
IME London product offering
Product offeringCore offering
IME London provides online international money transfer and remittance services from the United Kingdom to over 40 countries via web portal and mobile apps. Customers send money for cash pickup, bank account deposit, or digital wallet payout, primarily along South Asian corridors such as Nepal and India.
Product overview
IME London is a digital remittance platform providing international money transfer services from the United Kingdom to multiple countries including Nepal, India, Bangladesh, Sri Lanka, Pakistan, Mongolia, and others. The core offering consists of a web-based online portal and mobile applications for iOS and Android, enabling users to send money internationally through three primary payout methods: Cash Collection (with over 150,000 counter locations globally), Bank Account Deposit, and Digital Wallet Deposit. The platform is complemented by promotional programs including a Refer and Earn Program, Super Referral Program, Birthday Promotion, and Facebook Quiz Program. IME London is operated by Subhida UK Limited and is regulated by the FCA and HMRC.
Differentiator
Problem solved
Functional benefit
Products and services
- IME London Mobile Application A mobile application available on iOS and Android enabling users to send money internationally, browse exchange rates, access promotions, and manage transfers on the go. Supports fingerprint/face authentication.
- IME London Online Portal A web-based platform allowing users to register, manage accounts, send money internationally, track transactions, and access customer services.
- Cash Collection Service Enables recipients to collect cash from over 150,000 counter locations globally, including Nepal, India, Bangladesh, and Sri Lanka.
- Bank Account Deposit Service Allows users to transfer funds directly into recipients' bank accounts worldwide through partnerships with banks such as Global IME Bank, Citizen Bank, and Machhapuchchhre Bank.
- Digital Wallet Deposit Service Enables direct deposits into recipients' digital wallets through partners such as IME Pay, Khalti, and Alipay, expanding payout options beyond cash and bank transfers.
- Refer and Earn Program A referral incentive program allowing customers to earn between 10 and 100 GBP for each friend referred who completes a first money transfer.
- Super Referral Program An advanced referral program enabling top referral members to earn between GBP 200 and GBP 1,000 monthly, with additional per-transaction rewards for one year.
- Birthday Promotion Promotional program offering a birthday bonus of 10 to 20 GBP when customers use the promotion code 'BIRTHDAY' on their birthday.
Quantifiable outcome
- Fast transfers completed in minutes for cash pickup
- +1 more outcomes
Companies that use IME London
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles1 record
IME London technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
IME London partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- TranglocoreGlobal partner for payment infrastructure and remittance services. Provides cross-border payment network enabling IME London to reach recipients in multiple countries.
- GCC RemitcoreGlobal partner for remittance services across Gulf Cooperation Council countries and beyond.
- Global IME BankcoreMajor banking partner in Nepal for bank account deposits and cash pickup services. Part of the IME Group of companies.
- IME RemitcoreNepal-based remittance partner providing payout services and agent network in Nepal.
- GME RemitminorNepal remittance partner for payout services.
- IME PaycoreDigital wallet partner in Nepal for mobile wallet deposits.
- Bank CitizenminorNepal banking partner for account deposits.
- Bank MachchapuchchhreminorNepal banking partner for account deposits.
- TerraPaycoreGlobal partner for mobile wallet and bank transfer services across multiple countries.
- AlipaycoreGlobal digital wallet partner enabling transfers to Alipay accounts, particularly for China corridor.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
IME London competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
IME London social profiles
Digital presenceIME London financial estimates
Financial estimateRevenue estimate
Valuation estimate
IME London leadership team
Management profileNumber of profiles
Profiles5 records
IME London funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IME London 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 IME London
What does IME London do?
IME London provides online international money transfer and remittance services from the United Kingdom to over 40 countries via web portal and mobile apps. Customers send money for cash pickup, bank account deposit, or digital wallet payout, primarily along South Asian corridors such as Nepal and India.
Is IME London a public or private company?
IME London is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IME London founded?
IME London was founded in 2007. It employs 51 to 100 people.
Where is IME London based?
IME London is headquartered in London, United Kingdom, in the Europe region.
How does IME London make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are foreign Exchange Margins and promotional Programs.
Does IME London have an API?
No public API is recorded for IME London.
What industry is IME London in?
IME London's product category is Money Transfer and Remittance Services. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its SIC code is 6199.