money transfer

Spanish bank launches money-transfer app focused initially on US-Mexico remittances

BBVA, Spain’s second-largest bank that snatched up mobile banking startup Simple for $117 million back in 2014, is now entering the mobile money transfer business with today’s launch of a

Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold i

Android Pay now used for international P2P transfers, courtesy of WorldRemit

AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million

Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs

Remittances — the business of money transfers — is a fragmented and huge market, currently estimated to be worth some $25 trillion annually. Now, one of the more interesting startups in th

Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets

Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked&#

B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments

Payoneer helps businesses and B2B marketplaces move money across borders. It’s one of the biggest companies in this space; its customers include the likes of Amazon, Fiverr, Airbnb, Upwork an

Families Get Screwed Sending Dollars To Mexico. TransferWise Does It 4X Cheaper

Money transfers are a crooked racket. They’re designed to hide just how much cash they steal from immigrant workers sending funds to family back home. Western Union, Moneygram, even PayPal&#8217

A16Z Leads $58M Round In UK’s TransferWise To Ramp Up Its P2P Transfer Business

TransferWise, the fast-growing UK-based P2P money transfer startup that has reportedly been in talks with Facebook for remittance services, has raised a large tranche of funding led by one of the s

Square Cash 2.0 Adds Free Money Transfer By Text Message, Payment Notes And More

Square has a new update out for its Cash app that lets users send cash by text, greatly improving the versatility of the mobile payment app. The update also improves the user interface for sending, re

Money Transfer Startup WorldRemit Collects Its First Investment, $40M From Accel

<a target="_blank" href="https://www.worldremit.com">WorldRemit</a>, a London-based startup that is tackling the antiquated consumer money wiring/remittance market with an easy and traceable online so

Mobile Money Transfer Service Remitly Closes $5.5 Million Series A

Though the tech world is frothing over the potential found in new cryptocurrencies like Bitcoin, other companies have been working to solve the very real (if less buzzy) needs of today’s users w

Bringing Banking To Immigrants & Unbanked, m-Via Rebrands As Boom Financial, Closes On $17 Million In Funding

Global mobile money transfer service m-Via is officially rebranding as <a target="_blank" href="http://www.useboom.com/">Boom Financial</a> today as it announces the close of a $17 million round of fu

BancBox Debuts Its Payments Platform: You Could Build A PayPal On This

<a target="_blank" href="http://www.bancbox.com/">BancBox</a>, a startup that's been flying under the radar over a year, is launching its new payment services platform today. At first, you might think