The Dover based money conversion platform has raised $7m in Series A financing, led by BlueYard Capital.
While many of you probably don’t see why you’d use a service like this, AirTM’s users in Venezuela are willing to pay high fees to convert their bolívars into anything else. Multiple years of hyperinflation have turned everyone’s savings into piles of bills that are worth close to nothing. AirTM accounts aren’t bank accounts. When you create an account, you get an e-wallet in AirUSD. You can deposit and withdraw money as well as send and receive money. Depending on your payment method, you’ll get different fees.