Rewire raises $30m to build out neobank for migrants

Israeli fintech Rewire, which has developed a cross-border international banking service for migrant workers, has closed a $20 million Series B funding round led by OurCrowd. Renegade Partners, Glilot Capital Partners, and Jerry Yang, former Yahoo! CEO and director at Alibaba, joined the round for Rewire, which has also secured a "significant" line of credit. The funding comes soon after Rewire was granted an EU Electronic Money Institution license, enabling it to issue electronic money...
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