Article

  Comment(0)

 
Share:    Email  

Bringing Banking To Immigrants & Unbanked, m-Via Rebrands As Boom Financial, Closes On $17 Million In Funding

Sarah Perez

Wednesday, July 18, 2012 - 09:41

Global mobile money transfer service m-Via is officially rebranding as Boom Financial today as it announces the close of a $17 million round of funding, led by mobile operator Digicel Group Ltd.

Global mobile money transfer service m-Via is officially rebranding as Boom Financial today as it announces the close of a $17 million round of funding, led by mobile operator Digicel Group Ltd. The carrier stretches across 31 markets, including the Caribbean, Central America and South Pacific – all geographies Boom Financial aims to target with its service, which provides immigrants and the unbanked with a way to transfer money internationally. Also participating in the round were previous investors RRE Ventures and MATT.org. The new round brings the company to over $30 million in total funding to date.

m-Via, now Boom, has been working on a way to eliminate a need for cash wire transfer services by providing an alternative means to send money across borders using just a text message. Under its umbrella, m-Via developed two products, a consumer-facing service for sending money via mobile (get it? m-Via?) and a mobile money network called Axon, which is designed as an enterprise solution for banks, wireless companies and others.

Read the full story by clicking the link below
http://techcrunch.com/2012/07/18/bringing-banking-to-immigrants-unbanked-m-via-rebrands-as -boom....
 
Tags: Mobile Money Transfer, Americas, International Remittance, m-Via, Boom

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Safaricom cuts MPESA charges by up to 67 percent, days after entr
2.Mobile Commerce Myths: Fact vs. Fiction
3.Is India the Next Big E-commerce Market?
4.Banking Brand Myths: Larger Banks Don’t Care, Smaller Banks Off
5.Consumer Mobile Payment Adoption is Pressuring Banks
6.WorldRemit launches mobile recharge service in Taiwan
7.ABA Survey: More Consumers Embracing Mobile Banking
8.Zimbabwe: Econet Offers Telecash Employees Double Salary
9.Wearable technology featured at the first Toronto Men’s Fashion
10.Airtel Partners VeriFone to Bring Mobile Money Solution to 17 Cou

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network