PeerTransfer, a US-based international education payments service which is backed by returning investor Maveron, the venture capital firm co-founded by Howard Schultz (chief executive officer of Starbucks), has raised $6.4m in a series B round of funding led by investment firm QED Investors. Other investors include venture capital and investment firms KIBO Ventures, Fides Capital and Spark Capital.
PeerTransfer has raised $15m since 2009, when it was founded.
Iker Marcaide, founder and chief executive of PeerTransfer, said: “We are looking to expand into other areas of international payments, possibly serving any businesses that make international or cross-border payments.”