Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances

Photo of Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances
Facebook
VKontakte
share_fav
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone, according to the World Bank. Now, one of the bigger startups using tech to take on Western Union, MoneyGram and other offline incumbents in the space is announcing a large round of funding to…
view TechCrunch
#financial services
#developing markets
#money transfers
#remittances