4 years ago

TransferGo Secures $50 Million Series C to Transform Digital Payments

  • TransferGo, a London-based fintech company specializing in international money transfers, has raised $50 million in a Series C funding round

  • The investment, led by Elbrus Capital Fund III and Black River Ventures, brings the company's total funding to $77 million

  • TransferGo will use the funds to expand its customer base, enhance its product offerings, and drive growth over the next three to four years.

      • ProblemFinancial Services

      "Migrant workers need to send money back home but often face high fees, slow transfer times, and inconvenient processes with traditional remittance services."

      Solution

      "TransferGo is a digital remittance platform that offers fast, low-cost international money transfers specifically designed for migrant workers to send money home."

      Covered on