Earthport Gets $10M From IFC To Expand In Emerging Markets

By  |  May 29, 2013
 | 

Earthport, a cross-border payments service provider, announced that the company has received a $10 million investment from World Bank Group member IFC, reports the company in a press release. Earthport said the new funding would be used towards expanding service infrastructure, specifically in developing countries. The IFC investment will also welcome Earthport into IFC’s large network of financial institutions.

    Get the Full Story

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

    yesSubscribe 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.

    Vincent Gouarne, director for infrastructure at IFC, said, “Earthport’s technology cuts the costs and delays of international money transfers, facilitating trade for SMEs and remittances for migrant workers—key priorities for IFC in helping people in developing countries improve their lives.”

    “We look forward to partnering with Earthport in this next stage of growth to further spread their reach in emerging markets,” he added.

    Read the full story here.


    Recommended

    Caviar billionaire phone

    Drones, Diamonds and the Ultra-Extravagant Impulse Buy

    extended family, consumer finances

    Proactive Technology Helps Extended Households Turn Strain Into Stability

    b2b, freight, logistics

    B2B Logistics Resets for 2026 as Old Pricing Models Break Down

    Fiserv

    Fiserv, Mastercard Expand Partnership to Enable AI-Initiated Commerce

    See More In: