Irish Global Payments Company Gears Up For Major USA Expansion With Key Appointment

TransferMate Global Payments, global specialist in cross-border business payments, with regulatory approvals in 50 States of the USA, Canada, Europe wide and Australia  is accelerating its US expansion plans with key appointments and the opening of 3 offices across Americas, namely New York, San Francisco and Chicago.

The company has nine offices across the world and has just recently announced a €30million minority investment from its strategic investment partner Allied Irish Banks PLC, which at the time estimated the value of the company in excess of €300m.

With a global regulatory footprint which includes the rare achievement of all 50 States of the USA, and its market leading B2B technology platform which integrates with a variety of enterprise software systems, including the world’s top cloud accounting platforms, together with its recent banking collaboration announcement, TransferMate’s key hires both in the USA and recently in Australia display accelerated moves to grow market share swiftly.

A key part of its local expansion is the appointment of James Clancy as Head of Financial Institutions in the US, after previously holding senior positions in Wells Fargo and predecessor banks.

Mr. Clancy brings more than 30 years of growth and leadership experience in the banking and law industries across the United States and he will be responsible for developing partnerships with US banks and financial institutions as they seek to improve their products, processes and procedures around cross-border payments.

TransferMate’s Co-Founder and Group Chief Financial Officer, Mrs. Sinead Fitzmaurice said:

Over the past year, we have gained full state by state license approval in the US, a level of regulation rarely seen in the payments industry there. Also, we have also recently received a significant investment from the leading Irish bank, AIB, allowing us to expand into new markets, including furthering our US expansion, creating more job opportunities in the process.

Traditionally in the US, banks have been the go-to provider for international business transfers, but companies like TransferMate are now partnering with banks and collaborating with other FinTech providers, as we see the move towards open banking provide unprecedented opportunities. These collaborations improve the end customer’s experience and bottom line by offering enhanced solutions for making and collecting foreign currency payments”, she added

Mr. Clancy said:

My TransferMate mission is to develop, maintain and improve collaborations with leading banks and financial institutions in the US, creating long-term relationships that ultimately benefit the partner, TransferMate and most importantly the end business customer. I’m looking forward to getting started with this exciting, growing Irish company.”

As part of the successful Taxback Group, TransferMate Global Payments was founded in Ireland 2010 and now owns one of the world’s largest currency settlement networks, providing companies of all sizes and financial institutions with a payments solution to conduct cross-border transfers – at high speed and low cost.

For more information on TransferMate, visit: www.transfermate.com

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