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peerTransfer Announces Another $6 Million Investment, New CEO

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What’s better than raising more than $6 million in June?

Raising another $6 million and change in December.

In a series B round including both new and existing investors, international tuition payment specialist peerTransfer announced that it had followed up its mid-summer fundraising effort with an equally successful $6.2 million raised in late December. 

Participating in the round were new investor Devonshire Investors, and existing investors FIDES, Kibo Ventures, Spark Capital, and QED Investors. With more than $12 million raised in 2013, peerTransfer’s total capital now stands at more than $21 million.
peerTransfer also announced that it was promoting VP of Sales and Marketing, Mike Massaro to CEO. Founder Ike Marcaide will leave the CEO post to focus on strategic initiatives for the company.
A specialist in peer-to-peer international remittance, peerTransfer has distinguished itself by providing a streamlined international payment solution for schools and their international students. peerTransfer supports more than 45 currencies and accepts payments from 190 different countries around the world.
The company also recently announced a record-setting 2013, with its total customer base climbing to 400 colleges, universities, and other educational institutions.
Based in Boston and founded in 2009, peerTransfer demoed its tuition payment solution, peerTransfer Education, at FinovateSpring 2011 in San Francisco. Watch the company in action here.