Black Business Fundamentals

Black Star: Ismail Ahmed

Founder of WorldRemit

Ismail Ahmed is the Founder and Chief Executive Officer of WorldRemit, a leading digital money transfer company that is at the forefront of transforming the global remittance landscape through mobile technology. Established in 2010, WorldRemit has successfully secured $220 million in funding and has been recognized as the fastest-growing technology company in the United Kingdom.

 

Prior to founding WorldRemit, Ismail served as a compliance advisor for the United Nations, where he developed a strong commitment to robust compliance procedures. He founded the company with the belief that the significant risks associated with the money transfer industry could be effectively mitigated by digitizing the entire process.

 

Ismail has been acknowledged as the third most influential black Briton in the UK and has received the EY Entrepreneur of the Year award for London and the South. Originally from Somaliland, he has gained international experience through his work with the United Nations in Nairobi and Dubai. Ismail holds a scholarship from the University of London and has earned a business degree from London Business School, as well as a PhD in Economics.

Black Titan by Carol Jenkins and Elizabeth Gardner Hines

The grandson of slaves, born into poverty in 1892 in the Deep South, A. G. Gaston died more than a century later with a fortune worth well over $130 million and a business empire spanning communications, real estate, and insurance.

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Tip of the week

Find the one priority above all!

Understanding Priority in a Business Context Priority refers to a matter that is deemed more significant than others. When one issue takes precedence over another, it signifies its greater importance.
 
However, it is common for individuals to use the term "priority" to represent a variety of important matters. 
 
Our organization emphasizes business priorities that yield substantial impacts, particularly through a strong commitment to customer service and the maintenance of low operational costs.
 
Nonetheless, this approach can obscure the essence of defining a business priority. Ideally, a priority should be singular, enabling both the organization and its employees to clearly identify where the majority of time and focus should be allocated.
 
What is the current priority of your company?

Richard Butler

Founder of Black Business Fundamentals

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