Remitr, a Palo Alto, CA-based global payments company, raised $1m in seed funding.
Backers included Vijay Sharma, Kunal Shah, Sandeep Tandon, Vishal Gondal, Pravin Gandhi, Laurent Nordin, UAE’s Smart Start Fund, Nasreddine Benaissa, Japan Vyas, Nirmal Bhogilal, Singapore Angel Network, Yezdi Lashkari, Operator VC, and Germinators Fund.
The company intends to use the capital to expand in Europe and Canada within the end of the year and continue to acquire new customers.
Founded in 2015 by Kanchan Kumar, Sandeep Todi and Sandeep Jhingran, Remitr provides a mobile app that allows users to make payments through a proprietary payment network.
The company also has offices in India & Canada.