Remitee secures $20m funding to support embedded remittances

Remitee, an international direct-payments infrastructure provider, has secured $20m in a funding round led by Krealo. Several strategic and institutional investors also participated in the funding round. Established in 2017, Remitee’s operating system allows banks, fintech companies, and retailers to offer cross-border payment services. The company will use the proceeds to further expand as it seeks cover all Latin American corridors, strengthen its presence in the US-Europe-LatAm triangle. The embedde ...