International financial transfer platforms TransferWise and Remitly each announced nine-figure rounds last week, highlighting the growth of the sector.

The $280m raised by UK-based cross-border financial transfer platform TransferWise last week, combined with the $115m series D round announced by US-based financial remittance platform Remitly, indicates one way in which the fintech sector is evolving. TransferWise has built an online platform that provides a more affordable option for businesses that want to make financial…

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