peerTransfer Closes $7.5M Series A Financing

Funding Rounds

▤ Summary

peerTransfer, a Boston, MA-based provider of global payment solutions to colleges and universities, has closed a $7.5m Series A financing.The round was led by Spark Capital, with participation from AccelPartners, Maveron and Boston Seed Capital.The company intends to use the funding to increase headcount and infrastructure across functional areas as it is working to expand the number of colleges and universities it serves to to streamline their international payment processing.Completely free of charge, peerTransfer requires no IT implementation, and supports students across all countries.Founded in 2009 by CEO Iker Marcaide, peerTransfer also has additional offices in Europe.

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Amount - Total raised
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Date - Announcement date
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Investors Accel, Maveron LLC, Spark Capital LLC Lead investors
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Company - Funded company

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