CurrencyFair, a currency exchange platform, has raised USD2.5m investment from Frontline Ventures and a collection of angel investors. CurrencyFair claims to exchange money at a lower rate than banks.
The firm says capital will enable growth as well as funding the launch of new features: “The banking industry is going through the most significant disruption for years and CurrencyFair is at the forefront of the revolution. We allow our customers to take control of how they transfer their funds and save them money at the same time. We are very pleased to have secured $2.5 million funding from Frontline Ventures and several prominent angel investors, as the investment will provide us the opportunity to increase our awareness amongst our potential customer base and further develop and enhance our platform to ensure we continue to offer the best quality service to our customers”
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