What is TRANSFERGO?
Founded in 2012, TRANSFERGO is a prominent Pan-European money transfer service renowned for its fast and reliable remittances, guaranteeing delivery within 30 minutes. The company prioritizes customer experience, building a trusted brand and a beloved product with a vision to eliminate artificial borders in international financial services. Founder and CEO Daumantas Dvilinskas's inclusion in the 2017 Forbes 30 under 30 list and the company's nominations for industry awards highlight its innovative approach and rapid growth in the fintech sector. TRANSFERGO's core keywords include: money transfer, fintech, remittances, international payments, European finance, digital finance, and remittance services.
How much funding has TRANSFERGO raised?
TRANSFERGO has raised a total of $107.7M across 12 funding rounds:
Angel/Seed
$2.5M
Series A
$3.4M
Series B
$17.6M
Other Financing Round
$10M
Debt
$5.3M
Series C
$50M
Share Placement
$6.8M
Other Financing Round
$10M
Angel/Seed (2015): $2.5M backed by Mark Ransford, Richard Tudor, Practica Capital, Voria Fattahi, and Clive Kahn
Series A (2016): $3.4M with participation from Vostok Emerging Finance
Series B (2018): $17.6M led by Hard Yaka, Vostok Emerging Finance, U-Start Club, Practica Capital, and Revo Capital
Other Financing Round (2020): $10M supported by Bootstrap Europe, Seventure Partners, Revo Capital, Vostok Emerging Finance Ltd, and Hard Yaka
Debt (2020): $5.3M featuring SVB Financial Group
Series C (2021): $50M, investors not publicly disclosed
Share Placement (2022): $6.8M, investors not publicly disclosed
Other Financing Round (2024): $10M led by Taiwania Capital
Key Investors in TRANSFERGO
Practica Capital
Practica Capital is a venture capital firm focused on backing entrepreneurs through various stages of funding, including seed and series A investments. With over 132 million euros under management, the firm has made more than 70 investments across diverse sectors such as biotech, fintech, and e-commerce. Their portfolio includes innovative companies like Atrandi Biosciences, PVcase, and Ovoko, which are making significant strides in their respective fields. Practica Capital aims to empower startups and drive growth in the Baltic region and beyond.
Vostok Emerging Finance
VEF is a listed investment company that invests in fintech businesses across emerging markets. We take minority stakes and are active investors with board representation in the majority of our portfolio companies, always looking to back the best entrepreneurs in our markets of focus. We invest in scale emerging markets across all areas of digital financial services including payments, credit, mobile money and wealth advisors. Today we have a portfolio of fintech companies spread across some of the most interesting scale emerging markets in the world, including Brazil, Mexico and India. VEF is structured as a publicly listed investment company, trading under the ticker VEF AB on Nasdaq Stockholm's Main Market.
Hard Yaka
Hard Yaka is a strategic investment firm founded in 2011, focusing on fair access to essential services such as payments, digital identity, and banking. The firm has invested in over 250 companies, driven by the principle that everyone deserves equitable access to financial resources and communication tools. With a commitment to individual ownership and financial inclusion, Hard Yaka aims to enhance regulatory compliance across its ventures. The company is led by Greg Kidd and Jun Hiraga, emphasizing the importance of universal access to fundamental services.
What's next for TRANSFERGO?
The substantial enterprise-level funding and recent strategic investment signal TRANSFERGO's readiness for significant scaling and market penetration. This capital infusion is likely to fuel further technological development, expansion into new geographic regions, and enhancement of its service offerings. The company's focus on customer-centric solutions and its established infrastructure position it well to capitalize on the growing demand for efficient and accessible international financial services, potentially solidifying its leadership in the global remittance landscape.
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