peerTransfer Raises Funding

peerTransfer, a Boston, MA-based provider of online international money transfer and global payments, has secured a financing of undisclosed amount.

The round was led by Spark Capital, with participation from Dave McClure, John Landry, Jim Hornthal, Ken Morse, Roy Rodenstein, Project 11 Ventures, Marek Fodor, Pablo Carrallo and Raul Aznar.
Founded at MIT, peerTransfer is designed to enable individuals and businesses to transfer money between international bank accounts more conveniently, compared to traditional banking and wire services.
The solution is regulated as a financial institution and currently serves by-invitation customers in the United States, United Kingdom and Canada sending money to more than 35 countries, with plans of further international expansion.

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