If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE. Mobile payments start-up Remitly has raised $28m from IFC and Silicon Valley Bank. Remitly provides a mobile payments service that facilitates P2P money transfers from the US and Canada to Asia, Central America and South America, without the usual complexities and fees associated with money transfer processes. Remitly's services cater to a growing demand from migrant workers in North America wanting to send money home to their families; the total of transferred funds last year exceed $600bn. The company is also working on an app for Android phones called PayPal, which will allow users to pay bills using bitcoin.
Mobile payments start-up Remitly has raised $28m from IFC and Silicon Valley Bank. Remitly provides a mobile payments service that facilitates P2P money transfers from the US and Canada to Asia, Central America and South America, without the usual complexities and fees associated with money transfer processes. Remitly's services cater to a growing demand from migrant workers in North America wanting to send money home to their families; the total of transferred funds last year exceed $600bn. The company is also working on an app for Android phones called PayPal, which will allow users to pay bills using bitcoin.