peerTransfer Raises $6.4 M of Seed Funding
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Boston, Massachusetts – peerTransfer, a leading provider of global payment solutions for the education industry has raised $6.4 million of seed funding from QED Investors, Nigel Morris, FIDES and KIBO Ventures and participated by existing investors Spark Capital and Maveron.
“In the international payment market, trillions of dollars move across borders in a process that is full of inefficiencies and excessive costs for the payer and the recipients. At peerTransfer, we are excited to continue our global expansion and invest in new products that will further improve the process of making and receiving international payments.” said Iker Marcaide, Founder and CEO of peerTransfer.
The new capital will be used for accelerating the plan for expansion in the world market and also for new product development.
Funding Total: $6,400,000
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|Investors: QED Investors, FIDES Capital Partners, Kibo Ventures, Spark Capital, Maveron|