Money Transfer
MoneyGram Announces Minority Investment into Coinme
MoneyGram International announced that they have completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round
Read More
Swiss Banks’ Foreign Exchange Rate Comparison
Swiss banks charge on average 1.46% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is
Read More
Amnis Receives EEA Payment Institution License and Expands to Europe
AMNIS Treasury Services AG (Amnis), a Swiss fintech founded in 2014 with the goal of simplifying international payment transactions for SMEs, is expanding to Europe with the first license as a payment institution issued by the Financial Market Authority Liechtenstein.
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
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
Read More