International education payment startup, peerTransfer, announced a round of $7.5 million in Series A funding from Spark Capital, Accel Partners, Maveron, and Boston Seed Capital.
“The funding will be used to increase headcount and infrastructure across functional areas to support growth as it expands the number of colleges and universities it works with. peerTransfer already works with over 30 leading institutions…”
This round, when added to the $1.1 million in seed money received last October, brings the startup’s total funding to $8.6 million.
To learn more about peerTransfer’s international education payments processing, watch its FinovateSpring 2011 demo.