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MIT helps SendFriend to $1.7m

Feb 14, 2019 • Callum Cyrus

Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.

SendFriend, a US-based provider of blockchain-powered remittance services spinout of Massachusetts Institute of Technology, obtained $1.7m on Monday in a round backed by the institute’s research centre MIT Media Lab.
Financial services firm Barclays also took part in the round alongside fintech developer Ripple and Mahindra Finance, a subsidiary of conglomerate Mahindra Group, as well as Mastercard Foundation, the philanthropic arm of payment services company Mastercard.
The round was filled out by investment consultancy 2020 Ventures and investment…

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