Rhythm Ventures Llp

Recent News, Updates & Announcement

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  Lendingkart is SMB’S New Online Cart For Working Capital Business Loans!.

  27 Oct 2015 Techstory Media

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  A16Z Leads $58M Round In UK’s TransferWise To Ramp Up Its P2P Transfer Business.

  TransferWise, the fast-growing UK-based P2P money transfer startup that has reportedly been in talks with Facebook for remittance services, has raised a large tranche of funding led by one of the social network’s earliest backers. Andreessen Horowitz is heading up a new investment of $58 million, a Series C round with participation also from previous backers Sir Richard […].

  25 Jan 2015 TechCrunch

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  TransferWise Raises $1.3M From Index, Others For The Next Disruption In Money Transfer: Crowdsourcing.

  If you've ever had to transfer money from one currency to another, you know that it can be a frustratingly pricey business. Now a new company, <a href="http://www.transferwise.com/">TransferWise</a>, has raised seed funding totaling $1.3 million to tackle that problem. TransferWise describes itself as the "Skype of money transfer" because it allows consumers to send money between UK and European accounts for a fraction of the price that banks charge, using a peer-to-peer, "crowdsourced" model to get the best rate on the exchange. (And, also like Skype, it is banking on scaling up the business quickly in order to make some money back on the margin that it loses in individual transactions. So far the service is only available in two currencies, euros and pounds, but there may be more added soon.).

  17 Apr 2012 TechCrunch