Pangea Secures a $1M Seed Round

Pangea Payments, a new money transfer company based in Chicago, has raised over $1M from leading institutional and angel Investors.

Chicago, IL – May 14, 2013

After starting its operations in the Impact Engine venture accelerator, Pangea has closed its first $1 million round of financing. Institutional investors that participated in the round are OCA Ventures, i2A Fund and FireStarter Fund. Angel investors include Larry Kaplan (Former CEO of NAVTEQ), Bill Gee (Executive at Cloverhill Bakery) and Bryant Keil (Founding Chairman at Potbelly Sandwich Works).

“Pangea is focused on a huge market with a social mission to serve underbanked people across the globe. We believe that the Pangea team possesses the aptitude, entrepreneurial resourcefulness, and solution to build a truly world-class company addressing the global transfer of money. OCA EDGE is proud to partner with Pangea!”