Revolution Money Raises $50 Million

Revolution Money Raises $50 Million
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More Revolution Money news: they’ve raised $50 million in funding. The investment comes from heavyweight financial firms Citi, Morgan Stanley, and Deutsche Bank.

As we previously reported, Revolution Money is launching a free money transfer service to take on PayPal, and backed by former AOL execs Steve Case and Ted Leonsis.

We also noted earlier today the company may be working on a Facebook application.

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