Online financial service WorldRemit completed $40 million in Series C financing, led by Leapfrog Ventures, with participation from Accel Partners and TCV. WorldRemit lets users send money to friends and family living abroad using a computer, smartphone, or tablet, thereby providing a convenient, low-cost alternative
CIBC announced today the introduction of Remi, its first digital assistant designed to help clients send no-fee global money transfers (GMT). Remi offers clients and people using Facebook Messenger the ability to check foreign exchange rates, keep track of exchange rate fluctuations with recurring alerts,
TransferWise announced it has secured $280 million in financing, led by IVP and Old Mutual Global Investors. Sapphire Ventures, Andreessen Horowitz, and Baillie Gifford also participated in the offering. TransferWise is a money transfer service allowing private individuals and businesses to send money abroad without
Fintech startup Abra closed $16 million in Series B financing. Eight investors participated in the round: Ignia Partners, Arbor Ventures, American Express Ventures, Jungle Ventures, RRE Ventures, Lerer Hippeau Ventures, HCM International, and Silver 8. Abra is among the world’s first digital cash, peer-to-peer money transfer