What is TRANSFERGO?
Founded in 2012, TransferGo operates as a high-velocity, Pan-European money transfer platform designed to facilitate near-instantaneous cross-border payments. By leveraging proprietary technology, the company guarantees 30-minute delivery windows, effectively removing the traditional barriers associated with international banking. The firm has distinguished itself through a customer-centric product architecture, earning recognition as a top-tier UK startup and a disruptive force in the fintech ecosystem. Its market position is defined by its commitment to transparency, speed, and the removal of artificial borders in global finance.
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 Clive Kahn, Mark Ransford, Practica Capital, Voria Fattahi, and Richard Tudor
Series A (2016): $3.4M with participation from Vostok Emerging Finance
Series B (2018): $17.6M led by Vostok Emerging Finance, U-Start Club, Hard Yaka, Practica Capital, and Revo Capital
Other Financing Round (2020): $10M supported by Revo Capital, Vostok Emerging Finance Ltd, Bootstrap Europe, Hard Yaka, and Seventure Partners
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
Vostok Emerging Finance
A listed investment company based in Stockholm that focuses on growth-stage private fintech firms across emerging markets, providing active board-level support.
Revo Capital
A venture capital firm specializing in early-stage B2B and B2C technology ventures in Turkey, Eastern Europe, and the Baltics, aimed at unlocking global potential.
Practica Capital
A Baltic-focused venture capital firm that supports entrepreneurs from seed through series A stages, with a diverse portfolio spanning fintech, biotech, and e-commerce.
What's next for TRANSFERGO?
Following this major strategic investment, TransferGo is positioned to accelerate its expansion into new geographic corridors and enhance its suite of digital financial products. The company's focus remains on scaling its infrastructure to support higher transaction volumes while maintaining its signature 30-minute delivery guarantee. As the firm transitions into a more mature enterprise-level lifecycle stage, strategic priorities will likely include deepening regulatory compliance, exploring new market segments, and further integrating AI-driven solutions to optimize remittance flows and user experience.
See full TRANSFERGO company page
