UK-based Company MoneyHOP Raised $1.25 Million In A Seed Round.

• BySheetal Sidhu     |    September 1, 2021

moneyHOP, a UK-based company with an Indian subsidiary that provides seamless and cost-effective payments and remittance solutions, has raised $1.25 million in a seed round. The funding was led by UK-based investors and managing directors from various multinational investment banks with experience in financial services.
This capital infusion will help moneyHOP strengthen its team at all levels, pursue aggressive growth targets, venture into the cross-border MSME payment space, and expand its international presence. Some of the investors from the previous round held in 2020 also participated in the round. It aims at capturing the global aspirations of individuals and businesses who move around the world, live in different countries, and sell to consumers worldwide.

Mayank Goyal, CEO and Founder, moneyHOP, said, “We are pleased to have international investors and prominent angels in the industry backing our vision. This funding will fuel our mission of providing businesses and individuals with a unified platform that makes international payments and remittances paperless, presence-less and cashless while also being cost-effective. We are excited to relentlessly pursue our aim to revolutionize cross-border banking for millennials and businesses in India and globally.”

Follow Startup Story