With Dye Jobs For Just $45, Hair Color Startup Madison Reed Takes On $15 Billion MarketRemitly, the largest independent digital remittance company in the United States that transfers over $1.5 billion (bn) annually from its customers in the US and Canada, is now available in Massachusetts. It brings to fifty the number of US states served by the Seattle-based firm, which offers low transaction fees and swift payment overseas transfers. Given that just over one million (15%) residents in Massachusetts are foreign born and many of their family connections in other countries rely on remittances to supplement their incomes, this latest stake in the ground provides Remitly’s service across all US states in the federal republic. The development follows final state approval being granting in Massachusetts to the international money transfer service that is touted as “relieving the burden of cross-border remittances” in America. Last year it was reported that Remitly’s business passed $1bn of remittances transferred annually.

Source: Forbes January 14, 2017 18:48 UTC