What is TRANSFERGO?
Founded in 2012, TRANSFERGO is a prominent Pan-European money transfer company renowned for its rapid and reliable remittance services, guaranteeing delivery within 30 minutes. The company prioritizes customer experience, aiming to eliminate artificial borders in international financial services. Its commitment to innovation and customer satisfaction has positioned it as a trusted global brand, with its founder and CEO, Daumantas Dvilinskas, recognized on the Forbes 30 under 30 list. TRANSFERGO's vision is to make international financial services seamless and accessible worldwide.
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 Voria Fattahi, Mark Ransford, Clive Kahn, Practica Capital, and Richard Tudor
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 Seventure Partners, Bootstrap Europe, Hard Yaka, Revo Capital, and Vostok Emerging Finance Ltd
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 Ab is a company that operates in the Venture Capital & Private Equity industry. It employs 1to4 people and has 1Mto5M of revenue. The company is headquartered in Vaestmanland, Sweden.
Seventure Partners
Seventure Partners is an active partner of innovative companies in the fields of digital technologies and life sciences. They invest in a broad range of sectors including health, nutrition, fintech, and sustainable blue economy initiatives. Their client base includes entrepreneurs seeking investment opportunities as well as innovative startups in various high-tech segments. Seventure also focuses on addressing environmental challenges through biotechnologies and digital solutions.
What's next for TRANSFERGO?
The recent major enterprise-level funding indicates TRANSFERGO is poised for significant scaling and potential market consolidation. This strategic investment will likely fuel further technological advancements, expansion into new geographic regions, and enhancement of its service offerings. The company's focus on speed, reliability, and customer-centricity, combined with this substantial capital infusion, positions it for continued growth and leadership in the competitive fintech landscape.
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