|Description||International Education Payments|
|Seed, 10/2010 |
Ken & Laura Morse
|Series A, 8/2011 |
Boston Seed Capital
|Series B, 6/2013 |
peerTransfer was founded to address the specific money transfer needs of the growing international student population in the United States. To help facilitate the payment process for the student, as well as the reconciliation process for the schools, peerTransfer has developed a secure and efficient solution for international student payments (e.g., tuition, fees and admission deposits) that saves each entity a significant amount of time and money.
peerTransfer offers a secure, seamless, and easy-to-navigate system for students that enables them to pay in their home currency, and also saves them a significant amount of money when doing so. For many currencies, peerTransfer provides foreign exchange rates unmatched by traditional banks. These rates can result in a significant savings â€“ up to thousands of dollars per each year of tuition. And, unlike large financial institutions, peerTransfer provides international 24x7 support across multiple channels â€“ voice, Skype, chat or email â€“ to guide students through the process. peerTransfer is completely free for schools, can be turned on in a matter of hours and has been proven to save overhead, by ensuring all student information is included in the transfer.
Headquartered in Boston, Mass., peerTransfer also maintains offices in Valencia, Spain. It is backed by international investors (including Spark Capital, a $1Billion Venture Capital fund).