Philippine remittance startup SendFriend secures $1.7m funding

REUTERS/Dado Ruvic

Philippines-focused blockchain remittance startup SendFriend has raised $1.7 million from eight investors including MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital.

It aims to enable Overseas Filipino Workers (OFWs) to securely transfer USD to PHP at the lowest rate available, according to an official release.

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