Remitr scoops up $1m to expand remittances into new regions

Remitware Payments has raised $1m in funding from a lengthy list of angel investors across the US, UK and India.

The Palo Alto-based company operates cross-border and domestic mobile payments platform Remitr across the US, UK, Europe, UAE and Australia.

The company plans to launch in Europe this month and expand to Canada by the end of the year.

It says the new funding will help to fuel this geographical expansion, as well as invest in the product.

Remitr claims its transactions are doubling month-on-month.

It plans to offer business payments and bulk payments on the platform by the first quarter of 2017.

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