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Remittance company SendFriend has received investments from Ripple (XRP), the Mastercard (NYSE:MA) Foundation, MIT Media Lab and Barclays (LON:BARC) in a funding round, according to a press release published on Feb. 11.
In the round, the firm raised $1.7 million from investors — also including Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital — to develop its remittance service, which lets users send money to the Philippines using blockchain.