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Offers international money transfers for both migrant workers & businesses using their digital account-to-account business model. TransferGo’s 4 million customers send money to over 160 countries. Customers are charged 90% less than at the banks and can get their money delivered digitally and securely in minutes. 

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Why did we invest?

TransferGo provides a unique product that meets the needs of its blue-collar customers for high-frequency, low-ticket transfers, offering speed, guaranteed exchange rates, no hidden fees and ease of use. It uses a proprietary clearing system that makes it the fastest pan-European account-to-account transfer service available with a guaranteed delivery time of just 30 minutes and 10x cheaper than traditional banks and cash bureaus. TransferGo has achieved a leading market share in its key corridors, with impressive unit economics including customer acquisition payback with high customer satisfaction driving repeat business.

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