Founded in 2015 by Kanchan Kumar, Sandeep Todi and Sandeep Jhingran, Remitr offers a mobile application that allows individuals and businesses to send payments across borders using its own payment network. Headquartered in Palo Alto with additional offices in India and Canada, the company positions itself as an alternative to traditional international wire services. The platform aims to streamline global remittances by removing intermediary banks and lowering transfer costs. With its newly secured seed funding, Remitr plans to expand operations into Europe and deepen its presence in Canada before year-end. The company is also focused on accelerating customer acquisition as it scales. No revenue, user, or other operating metrics were disclosed in the article.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2016