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

By  |  April 17, 2012
 | 

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

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    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.

    See More In: