Higlobe Funding: Raises $14M ￼
Higlobe, a Palo Alto, CA-based provider of a solution for international payment transfers, raised $14M in funding.
The round was led by Battery Ventures. Battery Senior Partner Scott Tobin will join Higlobe’s board.
The company intends to use the funds to accelerate growth and expand operations.
Founded in 2020 by CEO Teymour H. Farman-Farmaian and CTO Jeff Bolton, Higlobe uses asset-backed stablecoins to provide a means of making cross-border payments between bank accounts. The company exclusively uses stablecoins issued by companies that are regulated and supervised by U.S. federal or state agencies and that are 1:1 backed by U.S. dollars or U.S. government treasury securities. Its service offers customers the ability to make multiple transfers per month for one flat rate. Higlobe is currently available in Mexico, free for a limited time, to Mexican citizens or legal permanent residents that work with business clients in the U.S. Users can sign up for Higlobe’s service online where they must provide proof of identity and residence.
Other investors include TTV Capital, FjLabs, Reciprocal Ventures, Paxos, DCG, Raptor Group, and Gokul Rajaram.
Higlobe is a team of international individuals who have spent years losing money in transaction fees.
From Buenos Aires to Bucharest, San Francisco to São Paulo, and everywhere in between we’ve lived and worked all over the world.
They are ready to take back our hard-earned money and free ourselves from complicated transaction fees. Higlobe is our solution.
When was Higlobe founded?
Higlobe was founded in 2020
Who is the Founder of Higlobe?
Teymour H. Farman-Farmaian is the CEO and Co-founder of highlobe.
Is Higlobe Hiring?
Higlobe is not hiring for any positions.
What is the Team Size of Higlobe?
As per the popular social media site LinkedIn, Higlobe has 24 employees.
Where is the Head Office of Higlobe?
Higlobe is headquartered in Mexico. Coming soon to Brazil and beyond.
How much is the revenue of Higlobe?
Higlobe has not publicly revealed the revenue in the last round of funding.
Luminovo Raises €11 Million In Seed Round. Congratulations to the entire team. I wish you great success in this endeavour.
Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to email@example.com