The hot foreign exchange app Revolut has ordinary users pledging millions to its equity crowdfunding campaign. Just yesterday, the startup announced it raised a $10 million (£7.75 million) Series A funding round to facilitate the way people send and receive money globally. Of the £7.75 million, UK-based Revolut opened up £1Read More
Post Tagged with: "foreign exchange"
It’s a simple matter to send $20 on your mobile phone now — options abound. But what about when you want to send $10 thousand? USForex has had a mobile app for a while, but it was purely informational. Now users can send money internationally with a few taps ofRead More
CurrencyTransfer.com, a currency exchange marketplace for businesses, is preparing a major funding round from institutional investors later this year, the company told Bank Innovation. CurrencyTransfer.com has received an undisclosed amount of funding from angel investors including Errol Damelin, Gigi Levi, Barak Rabinowitz, and Itay Birnboim. Innovative solutions abound for movingRead More
PeerTransfer, a payments startup enabling international students to pay tuition fees in the currency of their choice, announced it has received some currency of its own today — a cool $22 million in a round led by Bain Capital, and which also included Spark Capital, Devonshire Investors, Accel Partners, and QED Investments. ThisRead More
Ripple Labs, the currency startup, is reportedly lobbying Washington, D.C., lawmakers and regulators on legislation that would ease currency rules, sources tell Bank Innovation.
Stripe, the payments provider for developers, will add robust foreign exchange capabilities, the company’s founder disclosed today. Patrick Collison informed Stripe users today that the company was “putting the finishing touches on our support for foreign-currency charges for US and EU users.” The changes will mean that Stripe can handleRead More
I am watching ฿1 soar to $935 today and my thoughts extended to: how would I get money out of bitcoins today? The truth is the quantity of virtual currency in the world is increasing, and will continue to do so. The wild gyrations in the price of bitcoins isRead More
Kantox is looking to help users avoid the burn of high fees and long waits associated with foreign currency exchange by employing a person-to-person (P2P) platform to directly exchange one currency for another. A source in Europe told Bank Innovation that Kantox is raising another round of funding. Company officials declinedRead More