AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup with around 120 million users that lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet. This is a first… Read Moreworldremit
AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup with around 120 million users that lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet. This is a first… Read More A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. This latest round, a debt round… Read MoreWorldRemit Gets $45M At A $500M Valuation To Grow Its ...
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’s Xoom trumpet that they only charge around $5, but quietly pocket people’s money by setting their own unfair exchange rate. TransferWise wants to put an end to all this bullsh*t. Today the… Read More