SendFriend

About

SendFriend leverages the blockchain to make remittance transactions less expensive, faster, and more secure.

New York,New York,United States
1 - 10
https://www.sendfriend.io

Highlights

Details

Last Funding Type: Pre-seed
Last Funding Money Raised: $1.70M
Industries: Blockchain,Financial Services,FinTech,Mobile Payments,Payments
Founded date: May 1, 2017
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: SendFriend, Inc.

For the millions of migrant workers who overpay annually for international money transfer, because of friction in the banking system, SendFriend leverages blockchain technology to reduce the cost of service by 65% from the industry average. Winner of the MIT Media Lab Translational Innovation Alliance Award, and the MIT Legatum Fellowship, SendFriend is a team of Ex-World Bank and Ex-MoneyGram staff passionate about bringing innovation to the masses. Other investors include Techstars, Barclays Bank, Mahindra Finance, the MasterCard Foundation, and Deloitte (services).

Funding Rounds

Number of Funding Rounds

Total Funding Amount

1

$1.70M

SendFriend has raised a total of $1.70M in funding over 2 rounds. Their latest funding was raised on Dec 22, 2018 from a Pre-seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 22, 2018	Pre-seed	$1.70M	11	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

—

11

SendFriend is funded by 11 investors. 2020 Ventures and 8 Decimal Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
2020 Ventures	—	Pre-seed
8 Decimal Capital	—	Pre-seed
Barclays Corporate Banking	—	Pre-seed
Deloitte	—	Pre-seed
Mahindra finance	—	Pre-seed
MIT delta v	—	Pre-seed
MIT Media Lab	—	Pre-seed
Ripple	—	Pre-seed
Taiyou Fund	—	Pre-seed
Techstars	—	Pre-seed