The London-based fintech platform Opal Transfer is celebrating its 15 year anniversary with launch of new app offering ‘one click payments.’ Having reportedly transferred over £1.5 billion across Europe, Opal’s new app aims to give users access to one click payments making transfers quicker and easier. Currently Opal Transfer offers foreign exchange money transfers across 38 European countries. The company was born as an answer to the difficulties faced by migrants upon arrival in a foreign country.
“We are all so proud at how far Opal Transfer has come in the past 15 years, and even more excited about the next 15 years, starting with our new app. We’ll continue innovating so that our customers have the most user friendly technology,” stated Opal Transfer Managing Director and Founder Gita Petkevica. “The money transfer fintech market is extremely competitive, and only through offering an innovative service at an affordable price have we been able to grow continuously for 15 years. Opal Transfer continues to have ambitious growth plans, and as we launch new products and enter new markets we will continue to offer the best and cheapest money transfer service to our customers.”
Opal Transfer registered for business in London on St George’s Day in 2003, and it has now transferred more than £1.5 billion for private individuals and small businesses across Europe.
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Not only was Opal Transfer one of the first fintech companies in the transfer market, but the company maintains that the platform has grown organically to profitability, without raising any external capital. In its 15 years, Opal Transfer has served over 300,000 customers and is now active in 38 countries across Europe and continues to expand.
Earlier in 2018, Opal Transfer launched a money transfer service between Poland and the Ukraine, its first outside the of the UK, as well as a transfer service between Italy and the UK.
As a fintech business, Opal Transfer aims to be at the forefront of developing new tech. The new app will enable customers to make one click payments, as well as simplifying the transfer process and makes it easier to use. Opal Transfer said that its first app is available on Apple, Android and Windows. Alongside its app, Opal has indicated that it more plans to innovate and expand its offerings to customers in the next 12 months, including the launch of an Opal Transfer card which is expected before the end of the year as well as an expansion of transfer services into Western Europe.
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