WB21, a Palo Alto, CA-based real time money transfer system, raised €2m in funding.
The Gasteur Family Office, which recently launched a €50m venture capital investment fund, made the investment.
The company will use the funds to expand operations.
Co-founded by Michael Gastauer, Peter Arnold, and Aby Sousa, WB21 operates a real time money transfer system that facilitates payments for for businesses and consumers in 18 currencies to 180 countries with recipients having funds credited instantly on their bank account.
Users can transact money through their account balances, bank accounts or credit cards paying approximately ten times less than usual bank charges.