The blockchain-equipped cross-border payment platform has received series A funding in a round backed by 9fBank and Baofoo.com.
US-based cross-border payment platform developer Wyre has secured $5.8m in series A funding from investors including payment services firm China 9fBank and Baofoo.com.
Venture capital firm Amphora Capital led the round, which was also backed by Digital Currency Group, Draper Associates and unnamed “prominent Silicon Valley angel investors”.
Wyre uses blockchain technology to make cross-border financial transfers quicker and more affordable for large payment companies. It is active in the US and China, and the funding will support an expansion…
