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Thanks to $515 Billion ‘Remittance’ market, startups like Pangea compete with likes of Regalii, Transferwise and Western Union

According to World Bank, 3% of the world’s population that is 215 Mn people reside outside their country of birth. Immigrants in US alone will end up transferring money worth $515 Bn to their respective countries by 2015. Pangea, a Chicago based payments startup in a space heating up with startups (including Transferwise, Regalii, etc.) seems to make its presence felt.

Pangea was foun ...

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