Financial services continue to draw venture capital
Financial services continue to draw venture capital with peerTransfer Inc. rounding up $1.1 million from Spark Capital and angel investors. The Boston-based company promises to provide low-cost transfers of money internationally. Its insight is that while some people look to transfer money in one direction, others in the same country are looking to send money in the opposite direction. Using technology to connect them can save on international money-transfer fees.
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