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…

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