Money Transfer

Money Transfer Startup TransferGo Secured US$50 Million in Series C Fundraise

TransferGo, a London-based money transfer company, announced that it has secured US$50 million during a Series C funding round, bringing its total funds raised to US$77 million so far. The funding round was led by Elbrus Capital Fund III and

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Banks Remain Costliest Remittance Providers

Although wire transfers might be the quickest and most convenient way to send money, it is also exorbitantly pricey, especially when it involves international transfers. In fact, the World Bank’s Q1 2021 Remittance Prices World Quarterly report found that banks

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WorldRemit Raises US$292 Million at a Valuation of US$5 Billion, Rebrands as Zepz

Zepz, a digital cross-border payments platform formerly known as WorldRemit, has raised US$292 million in a Series E financing round to achieve a valuation of US$5 billion. The round includes new equity investors Farallon Capital among others, as well as backing

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Wise Makes Its Debut on the London Stock Exchange, Now Valued at US$11 Billion

Wise, a London-based remittance firm, has begun trading on the London Stock Exchange’s (LSE) main market through a direct listing. According to a statement by the LSE, this marks the first direct listing of a technology company in its history.

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YAPEAL Integrates Wise Platform to Bring Cheaper, Faster Remittance Services

YAPEAL, developer of a blockchain-inspired digital-to-the-core and cloud-native banking platform for the Swiss retail banking market, has integrated the Wise platform to bring cheaper, faster international payments to its customers. The firm’s customers will now be able to access Wise’s

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Wise Seeks to Be the First Tech Firm With Direct London Listing

Wise, a London-based remittance firm formerly known as TransferWise, is seeking the first direct listing of a technology company on the London Stock Exchange. The firm said that it has no plans to raise capital ahead of the listing. Reuters

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Monito-Ranking: Wise Named Best Money Transfer Service

UK-headquartered Wise, formerly TransferWise, has been named the best money transfer service in the world, ranking the highest in trust and credibility, service quality and customer satisfaction, a research by money transfer comparison website Monito found. Wise secured the highest

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Wise Goes Live on Temenos for Transparent, Real-Time Remittance to Banks Worldwide

Swiss banking software company Temenos announced that Wise, formerly known as TransferWise, is now live on Temenos MarketPlace. The Temenos MarketPlace comprises over 50 curated fintech solutions, enabling Temenos’ clients to innovate and differentiate quickly. The addition of Wise Platform,

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Remitly Receives Investment From Visa Ahead of IPO Plans

Remitly, a mobile-first provider of remittances and financial services for immigrants, announced that it has received an undisclosed sum of equity investment from Visa. News of the funding comes days amidst reports that Remitly is preparing for an initial public

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Visa Expands Real-Time Push Payments with Introduction of Visa Direct Payouts

Visa has announced the expansion of Visa Direct, a real-time push payments platform, with the introduction of Visa Direct Payouts. The new solution allows Visa’s clients and partners around the world to use a single point of connection to push

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