Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.

SendFriend, a US-based provider of blockchain-powered remittance services spinout of Massachusetts Institute of Technology, obtained $1.7m on Monday in a round backed by the institute’s research centre MIT Media Lab.
Financial services firm Barclays also took part in the round alongside fintech developer Ripple and Mahindra Finance, a subsidiary of conglomerate Mahindra Group, as well as Mastercard Foundation, the philanthropic arm of payment services company Mastercard.
The round was filled out by investment consultancy 2020 Ventures and investment…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?