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TransferGo
International money transfers
- 201-500 employees
- Fintech
- B2C
- B2B
- Payments
- Foreign exchange
- Financial Services
- Old Street, London, UK
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Company mission
To make the world a fairer place for migrants by providing tailored, more affordable financial services that allow their hard-earned money to go further.
Our take
In an era where people are increasingly mobile, the need for efficient and affordable international money transfers has never been more crucial. Just a few years ago individuals relied on cash bureaus, banks, or PayPal to send money home, but these options were plagued by high fees and inconveniences. Recognising this gap, TransferGo has swiftly emerged as a fast-growing fintech scale-up, providing online money transfer services to over 160 countries. With a commitment to high speeds, low fees, and a hassle-free experience.
Notably, TransferGo provides a competitive free tier compared to its main rival, TransferWise. Customers option for a few business days' wait can transfer money without charge, while those in urgent situations can send funds in as little as thirty minutes for a small fee ranging from £0.99 - £2.99.
As TransferGo continues to flourish, the company's future appears promising. With a customer base surpassing 6 million, TransferGo is set for further growth. Recently announcing a partnership with High Impact Careers, TransferGo is sponsoring African youths seeking tech skills through a 10-week tech boot camp. Armed with a substantial customer base and this impactful partnership, TransferGo is well-positioned to play a pivotal role in shaping the international money transfer landscape, simplifying the lives of customers worldwide.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Training Budget: Professional development is essential - everyone in TransferGo can use the budget for attending any training or conference, related to their area
- Friday Innovations: Our development teams spend up to 15% of their time in guilds learning new things and working on additional projects
- Fun Budget: In TransferGo we enjoy the fun things. That is why every team has a fun budget that can be spent on any extracurricular activities
- Pet-Friendly Office: Here at TransferGo every day is a pet-friendly day! We enjoy having pets around and believe that the pets love it too!
- IT Equipment: The latest tech equipment and everything that you might need is here for you. Working smarter makes things much easier
- Great Office Location: Our offices are located in very convenient and easily accessible areas since we believe that a great environment is important for our people
- Health Insurance: A healthy teammate is a happy teammate! It's always better to stay healthy, but if you don't - medical services are easily accessible
Funding (last 2 of 14 rounds)
Apr 2024
$10m
LATE VC
Sep 2021
$50m
SERIES C
Total funding: $127.5m
This company has top investors
Leadership
Daumantas Dvilinskas
(Co-Founder & CEO)Founder of Pinevio (social content discovery).
Justinas Lasevicius
(Co-Founder & CPO)Studied Finance at Lancaster University.
Edvinas Sersniovas
(Co-Founder)Studied Business and Pharmacology at Kingston University.
Mantas Žalneravičius
(Co-Founder & CTo)They have extensive experience within the banking industry and have most recently worked for Danske Bank as a Senior Vice President - IT Lead for CorePayments Platform Tribe.
People progressing
Joined as a Financial Operations Manager before being promoted to Head of Financial Operations. After 3 years in that role, they were once again promoted to Head of Finance Strategy and then VP of Operations. Since September 2023, they have been serving as the Chief Operations Officer.