After raising $100 million in 2015, WorldRemit has closed another round of capital financing, receiving a $45 million line of credit. The financing is being led by TriplePoint Ventures Growth and Silicon Valley Bank who participated in their $100 million round last year.

Speaking to Business Insider, WorldRemit CEO and Founder Ismail Ahmed stated that “we still have a lot of money from what we raised”. But, the line of credit provides them with enough working capital to help expand their network of partners in emerging markets without having to worry about raising more money.

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The decision to access more funds comes as many angel investors and venture capital firms have been advising their portfolio companies to try and raise new capital when possible, as falling equity markets are worsening conditions for fundraising. As such, WorldRemit appears to be taking the cautionary route espoused by many in the industry.

A provider of low cost remittance services, WorldRemit relies on local partners to operate distribution points for sending and receiving of funds around the world. According to WorldRemit, working with partners instead of opening company owned branches as well as using mobile technology for processing payments allows them to operate more efficiently than established firms like WesternUnion.