The Edinburgh fintech secured £1.6m from backers including Amadeus Capital Partners and SixThirty to grow its open banking tools globally.
"The financial world is being fundamentally changed through Open Banking. It improves our understanding of each individual, allowing us to move away from traditional credit reference agencies."
The investment from the SoftBank Vision Fund will accelerate global growth and technology development.
"We are agents of technological disruption with a mission to make available finance at the lowest possible cost for our clients and their suppliers, whilst opening up a whole new asset class to global investors."
— Lex Greensill, Founder and Chief Executive Officer
The financing round was backed by Kindred Capital, Moneysupermarket Group, and VentureFounders.
"With £11m of growth capital we are now well‐positioned to expand our business and provide more clients with a simple way to maximise the interest income on their cash and at the same time become an increasingly valuable funding partner to our banks."
Seventure Partners led the funding round as the remittance company surpassed one million customers.
"TransferGo represents a new breed of FinTech companies that are really shaking up the remittance market. Its impressive growth and progress that really caught our attention, along with its customer-centric approach and commitment to continued innovation, make it the perfect fit for our investment strategy in the FinTech field,"
— Ludovic Denis, Venture partner in the Digital technologies team