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WireBarley raises $10m in Series B funding

South Korea based global remittances startup raised $10m in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment.

WireBarley reported with the investment it will strengthen its global remittance service capabilities for individual customers and expand into the B2B field. “Hong Kong will launch in October and more recipient countries including those in Europe and the Middle East will be added in the future. Furthermore, WireBarley will invest in developing and launching new products over the next few months such as the Multi-Currency Wallet services and additional banking services for North America.”

Tags

remittances, south korea, payments