TransferGo

TransferGo is a global money transfer company that supports migrant workers to send money back to their relatives without paying unnecessary bank fees.

TransferGo is the most convenient way to send money abroad for migrants and businesses.

TransferGo was co-founded in 2012 by Justinas Lasevičius, Daumantas Dvilinskas, Arnas Lukoševičius, and Edvinas Šeršniovas. The company is headquartered in London, with offices in Vilnius, Kaunas, Berlin, Istanbul and Warsaw.

 

TransferGo is a 'pure-play digital' international money transfer service that is regulated by the UK Financial Conduct Authority (FCA) as an authorised payment institution. The company enables international money transfers across Europe and other global destination.

 

TransferGo’s  customer base is predominantly made up of migrants who send money home to their families. It positions itself as offering one of the fastest international money transfer services on the market.

 

TransferGo connects 3.5 million customers across 160 markets. The company has processed a massive 13.5 million international and local transactions, amounting to over $6 billion in money flow.

 

TransferGo is backed by Black River Ventures, Seventure, Elbrus Capital Fund III, Vostok Emerging Finance, Hard Yaka, Revo Capital, Silicon Valley Bank UK Branch (SVB), Bootstrap Europe, and others. The company raised $50M in Series C round on Sep 30, 2021. This brings TransferGo's total funding to $119.8M to date.

 

 

  • Year founded: 2012
  • Funding Info: $119.8M over 7 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: London
  • State: London
  • Country: United Kingdom
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