Money transfer service Pangea Payments snaps up USD1m

Secured funding

Online money transfer service Pangea Payments has raised USD1m from OCA VenturesFireStarter Fundi2a FundOrigin Ventures and an assortment of angel investors.

Chicago-based Pangea develops software that enables customers to transfer money to anyone. It can be accessed through the web, retail services and personal devices. The startup claims to save money by avoiding hardware costs and using global prepaid networks.

Jim Dugan, Managing Partner at OCA Ventures commented: “Pangea is focused on a huge market with a social mission to serve underbanked people across the globe. We believe that the Pangea team possesses the aptitude, entrepreneurial resourcefulness, and solution to build a truly world-class company addressing the global transfer of money. OCA EDGE is proud to partner with Pangea!” 

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