M-Via Closes $17 Million Round to Serve the “Unbanked”

Palo Alto-based m-Via has raised $17 million to fund the development of its mobile money services, which allow the “unbanked” to send money using text messages instead of expensive wire transfers. The company, which is also changing its name to Boom Financial, will use the funds to expand in the U.S., Latin America and the Caribbean. Digicel Group led the round, with RRE Ventures and MATT.org also participating. The company has raised more than $30 million to date.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”