Ayannah Raises US$1M; Brings Total Funding up to US$4.5M

Ayannah Raises US$1M; Brings Total Funding up to US$4.5M
Comments Off, 22/07/2014, by , in Asia Startup News by e27

Digital payments startup Ayannah has raised US$1 million from IMJ Investment Partners, Beenos, Siemer Ventures and Golden Gate Ventures.

Philippines-based digital payments startup Ayannah announced, via TechCrunch, that it has raised US$1 million in funding from new investors Japan’s IMJ Investment Partners and Teruhide Sato’s investment platform Beenos, as well as existing investors, Siemer Ventures and Golden Gate Ventures.

To date, Ayannah, which sees promise in the remittance market, has raised more than US$4.5 million in funding, according to the same article.

Mikko Perez, CEO and Founder, Ayannah, said that the company is “not trying to eliminate money transfers/remittances”. Instead, it is looking to give “migrants more options on how to support their beneficiaries in their home countries without necessarily infringing on the value proposition of money transfer operators.”

At the moment, Ayannah has three services: Sendah Direct, Sendah and Gamenah

This article originally appeared in e27


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