TransferGo, which aims to provide hard-working migrants with simpler, better financial services — making their money go further, is reporting that it has acquired $10 million in growth funding.
TransferGo confirmed recently that they’ve secured $10 million in growth funding from Taiwan-based investor Taiwania Capital.
This strategic investment round will help them to accelerate growth in “the Asia-Pacific region and support the expansion of our new product offerings.”
TransferGo further notes that this latest round “comes off the back of delivering 50% year-on-year growth, doubling their valuation and achieving profitability last year.”
In 2023, they also expanded their team “by over 30% and strengthened their leadership with global talent.”
TransferGo CEO and Co-Founder, Daumantas Dvilinskas says:
“Our mission is to create a fairer world for global citizens. This recent investment opens a new chapter for our company, enabling us to accelerate growth in Asia-Pacific by providing people with more opportunities for fairer financial services. The doubling of our company’s valuation—considering the problematic capital market conditions—validates our robust business model and positions us among the fastest-growing consumer finance service brands worldwide.”
TransferGo claims that it is “a fast-growing fintech scale-up that offers online money transfers to over 160 countries with high speeds, low fees and no hassle.”
They aim to provide more accessible financial services “to migrants, making international money transfers cheaper, simpler, and faster.”
They’re striving to make the world “a fairer place for migrants by providing tailored, more affordable financial services that makes their hard-earned money go further.”
Over 350 employees in offices across Europe are reportedly “building a relevant product supported by outstanding customer service.”
Transfergo says they’ve come this far by “building a talented, diverse workforce on a fair culture of trust, empowerment, and fun.”
And because their people understand the different challenges their customers may face, they’re better placed to make life easier for their clients around the world—6 million of them, and counting.”
