peerTransfer Raises $7.5 Million From Spark, Accel, And Maveron For Simple Payment Solution For Students

peerTransfer, a simple payment solution designed for international students, today announced that it has closed a $7.5 million series A financing round. The investment was led by Spark Capital, with participation from Accel Partners, Maveron, and Boston Seed Capital.

The new infusion of capital adds to the $1.1 million in seed funding the startup raised back in October of last year, bringing total investment to just north of $8.6 million. The startup plans to use its recent round to increase hiring and development of its infrastructure, as it continues to partner with colleges and universities across the country to simplify international education payments.

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