The tightness in funding for venture capital firms as widely reported across the U.S. has triggered the shutdown of a venture-backed financial services startup in Atlanta.

which provided electronic payment and remittance services, will cease operations this week. TechCrunch and the Atlanta Business Chronicle reported the shutdown.

Craig Gabbert, an attorney for the firm, told the Chronicle that IKobo lost its funding when a venture capital firm declined to invest more money. He did not identify the VC firm.

IKobo raised some $13 million in venture funding from, Total Technology Ventures, Council Ventures, WS Investments, Silicon Alley Venture Partners and Green Capital Partners.

On its Web site, IKobo touted itself as the “world leader in quick, easy and safe "person to person" money transfers. With iKobo you can pick up your money at over 1,000,000 ATMs. That’s more than twice as many locations as Western Union and MoneyGram combined, and most ATMs are always open.”