Remitly, Formerly BeamIt, Raises $2.6M More For International Mobile Money Transfers

Mobile payments platform Remitly?(formerly BeamIt), which allows U.S. users to transfer money overseas, has raised an?additional?$2.6 million, bringing its total raise to date to $5.1 million. The new investment comes from Trilogy Equity Partnership, making this a strategic move from Remitly, as Trilogy is known for its mobile expertise, investing in mobile startups like the now?Rapid7-owned Mobilisafe and Lookout, for example, while also currently operating wireless carriers in the Caribbean and Latin America.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/E8RRDQ0fC_Y/

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