TransferWire, Hoping to Disrupt Foreign Transfers, Raises $1.3M

By  |  April 17, 2012
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TransferWire, a company that facilitates low-cost transfers between accounts in the UK and Europe, raised $1.3 million in seed funding.

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    IA Ventures, Index Ventures, The Accelerator Group, PayPal co-founder Max Levchin, Wonga co-founder/CEO Errol Damelin, Betfair ex-CEO David Yu, and Simple co-founder Shamir Karkal were among the investors identified by PandoDaily on Tuesday.

    TransferWire can process a £1,000 payment into Euros for 35-40 EUR less than the major banks, PandoDaily says. The company plans to add more currencies over the next several weeks, and could expand geographically as well.

    Read the full story here.


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