TransferGo lands £2.6m Series B investment led by Seventure Partners
Seventure Partners led the funding round as the remittance company surpassed one million customers.
TransferGo operates a digital money transfer platform that provides fast cross-border remittance services for consumers and businesses. The company enables international payments across multiple corridors with a focus on speed and financial inclusion.
TransferGo has secured £2.6m in a Series B investment backed by Seventure Partners. The fresh capital arrives as the remittance provider reaches a customer base of one million people globally, adding over 2,000 new users daily.
The company has experienced continuous year on year growth since its launch in 2012. The latest injection follows a larger Series B transaction closed late last year and supports the firm as it expands its digital remittance operations.
Investor perspective
"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, Seventure Partners
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About the company
TransferGo
TransferGo operates a digital money transfer platform providing international remittance services.