News

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Money Transfer Site Attracts Venture Capital

PeerTransfer, a Boston-based Web service that specializes in international money transfers and payments, said Thursday that it had secured its first round of venture funding, worth $1.1 million.

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peerTransfer Secures Funding from Spark Capital and Well Known Angels

Boston, Mass. (October 28th, 2010) – peerTransfer, the pioneer in low cost online international money transfer and global payments, today announced that it has secured financing led by Spark Capital and well known angels including Dave McClure (500Startups and formerly of PayPal), John Landry (former CTO of Lotus) and Jim Hornthal (co-founder of Travelocity). Founded at MIT, peerTransfer enables individuals and businesses to transfer money between international bank accounts more conveniently and up to five times lower cost, compared to traditional banking and wire services.

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Yes You Can… Launch A Startup While In Business School!

Last June Iker Marcaide graduated from MIT with an MBA degree from the Sloan School of Management. His graduation present? Traveling to Barcelona to collect €20,000 for winning the HIT Global Entrepreneurship Competition as part of the HIT Barcelona World Innovation Summit and having his young company peerTransfer named the most promising early-stage startup by a panel of judges from such respected investors as Kleiner Perkins Caufield & Byers, the Mayfield Fund, CMEA Capital, Highland Capital Partners, and Flagship Ventures.

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