How they describe themselves: peerTransfer intends to become the lowest cost and most convenient way for individuals and businesses to send money internationally between bank accounts. Instead of using regular banks, customers use peerTransfer to receive lower fees and better currency exchange rates, which translate into savings of up to $1,500 on a $40,000 payment.
How they describe their product/innovation: peerTransfer’s first innovation is peerTransfer Education, a streamlined international payment solution saving schools and their international students time and money when paying tuition and fees. On one hand, it reduces identified or missing payments for the school, avoids manual reconciling of incoming wires and is provided at no cost and with no IT implementation required. On the other, it saves thousands of dollars to international students while improving their experience when coming to the US.
Key Executives: Iker Marcaide (Founder & CEO), Sharon Butler (Director of Sales), Sally Comollo (Director of Marketing), Jason Moens (Director of Product Management), Christian Velazquez (Chief Compliance Officer), Vicent Gozalbes (Director of Technology)
Key Board Members: Iker Marcaide (Founder & CEO), Alex Finkelstein (Spark Capital)
Key Investors: Full details at http://www.peertransfer.com/investors, Spark Capital, Boston Seed Capital, 500 Startups, Project 11, Jim Hornthal, Roy Rodenstein, John Landry, Ken Morse, Marek Fodor, Raul Aznar, Pablo Carrallo
Key Advisory Board Members: Jacques Gilbert (formerly Senior VP and Chief Architect at First Data Corporation and Western Union), David Li (formerly Senior Director of Product Management at PayPal), Antonio Pecora (formerly Deloitte Technology Partner on Information Security)
Customers: We serve universities, colleges and schools that have international student populations, including Wellesley College, Suffolk University and Bryn Mawr College
Press: Sally Comollo, Director of Marketing, sally@peerTransfer.com, 781-366-5580
Sales: Sharon Butler, Director of Sales, sharon@peerTransfer.com, 401-378-0114
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