East Ventures on Instagram: "We are thrilled to announce that Transfez (@transfez.id), Indonesia-based fintech company, has secured funding in a seed round co-led by East Ventures and BEENEXT. The investment will accelerate Transfez’s mission to provide a seamless cross-border financial service. The capital will be used for product development and market penetration. Currently, Transfez works in the B2C segment, offering money transfer service to 26 currencies in more than 50 countries. It is also looking to extend its service in the B2B payment sector in the near future. CEO of Transfez Edo Windratno commented, “We are thrilled to have two world-class investors joining our mission. Cross-border payment is complex with compliance requirements and payment rails that vary by country. It can be both costly and time-consuming. Our goal is to simplify it.” Indonesia cross-border payment sector's estimate worth is US$370 billion, according to Bondan Herumurti, CTO of Transfez. Read more: http://bit.ly/EV-Transfez"