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peerTransfer selected as one of the 5 big ideas in Boston

If some is good, more is better. That’s certainly the case for “5×5: Five Cities, Five Big Tech Ideas,” the next Xconomy Forum taking place in Boston. It’s all happening on the afternoon of Dec. 8 at the Fidelity Center for Applied Technology, near South Station.

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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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