Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in other countries. EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, announced today that it has raised a $20 million Series B led by WI Harper Group. EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce and merchant settlement providers and licensed financial institutions, into their existing networks, making it easier for them to perform cross-border remittances.
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