What is TRANSFERGO?
Founded in 2012, TransferGo has emerged as a critical facilitator of international money transfers, distinguished by its commitment to speed, reliability, and user-centric design. The company operates as a Pan-European financial technology entity, uniquely positioned to guarantee 30-minute delivery for remittances, effectively dismantling traditional barriers in the global financial ecosystem. By prioritizing a seamless customer experience, TransferGo has cultivated a robust brand identity that resonates with a diverse, global user base. Its operational model focuses on reducing the friction associated with cross-border transactions, positioning the firm as a leader in the digital banking and payments space. The company's leadership, including CEO Daumantas Dvilinskas, has been instrumental in steering the organization toward its goal of making international financial services accessible and efficient for all.
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 Practica Capital, Clive Kahn, Richard Tudor, Voria Fattahi, and Mark Ransford
Series A (2016): $3.4M with participation from Vostok Emerging Finance
Series B (2018): $17.6M led by U-Start Club, Vostok Emerging Finance, Practica Capital, Hard Yaka, and Revo Capital
Other Financing Round (2020): $10M supported by Revo Capital, Vostok Emerging Finance Ltd, Hard Yaka, Seventure Partners, and Bootstrap Europe
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 a specific emphasis on the Baltic region.
Vostok Emerging Finance
Vostok Emerging Finance operates within the venture capital and private equity industry, providing strategic capital to high-growth technology and financial services ventures.
Hard Yaka
Hard Yaka is a strategic investment firm founded in 2011 that focuses on fair access to essential services such as payments, digital identity, and banking.
What's next for TRANSFERGO?
Looking ahead, the strategic deployment of the $10M will likely focus on deepening market penetration and enhancing the firm's technological stack to support higher transaction volumes. With a proven track record of securing diverse financing, including debt and equity, TransferGo is well-positioned to explore further innovations in digital identity and payment processing. The company's focus remains on scaling its operations while maintaining the regulatory compliance and operational excellence that have defined its growth trajectory. As it continues to attract high-caliber institutional support, the firm is poised to further disrupt the legacy remittance market, potentially expanding its service offerings to address broader financial inclusion challenges on a global scale.
See full TRANSFERGO company page
