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January 7, 2013 11:13 pm GMT
Mobile payments platform Remitly(formerly BeamIt), which allows U.S. users to transfer money overseas, has raised anadditional$2.6 million, bringing its total raise to date to $5.1 million. The new investment comes from Trilogy Equity Partnership, making this a strategic move from Remitly, as Trilogy is known for its mobile expertise, investing in mobile startups like the nowRapid7-owned Mobilisafe and Lookout, for example, while also currently operating wireless carriers in the Caribbean and Latin America.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/E8RRDQ0fC_Y/
Remitly, Formerly BeamIt, Raises $2.6M More For International Mobile Money Transfers
Mobile payments platform Remitly(formerly BeamIt), which allows U.S. users to transfer money overseas, has raised anadditional$2.6 million, bringing its total raise to date to $5.1 million. The new investment comes from Trilogy Equity Partnership, making this a strategic move from Remitly, as Trilogy is known for its mobile expertise, investing in mobile startups like the nowRapid7-owned Mobilisafe and Lookout, for example, while also currently operating wireless carriers in the Caribbean and Latin America.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/E8RRDQ0fC_Y/
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