HomeSend – eServGlobal’s JV with MasterCard and BICS – is undertaking a €10m capital raise in December. This will be used for working capital and to accelerate the development of additional functionality. It will allow HomeSend to focus on the far larger than expected growth opportunities in the cross-border banking market. eServGlobal will participate using existing cash resources, to maintain its 35% holding in HomeSend, but early indications suggest that BICS might n ....