After $2M Round, EvoNexus Company Quippi Aims to Disrupt Money Transfer

Each year, an estimated 6 million American households send money abroad to help support their families and friends around the world.

While major banks and companies like Western Union, MoneyGram, Xoom, PayPal, and Viamericas offer a variety of money transfer services at widely varying rates, Michael Aleles says he sees an opportunity to provide an alternative financial service. The startup Aleles founded in 2012, San Diego-based Quippi, offers gift cards in the United States that are intended for making purchases in Mexico.

Read the Xconomy article.