It’s an exciting time here at TransferMate, and we have some great news we wanted to share.
Since TransferMate was founded in 2010, we have worked tirelessly on our unique technology platform, while simultaneously securing regulatory licenses in key markets around the world. Our efforts have resulted in the successful transfer of over €10bn to more than 100 countries, on behalf of our customers, and our business being valued at between €250m to €300m.
We are delighted to announce that Allied Irish Bank have decided to join us on our journey, with an investment of €30m in exchange for a minority equity stake of our business (subject to regulatory approval). Learn more about it here.
In addition to this significant investment, we have agreed a strategic partnership focused on providing Irish businesses access to our global payments technology platform.
These significant developments mark a new phase in our global expansion strategy, aggressively scaling our business across the U.S., Canada, Australia and Europe.
Our Co- Founder Mr. Terry Clune said the deal is
“a great example of how a leading bank and a Fintech company can work together.”
On behalf of the entire TransferMate team, we would like to extend our thanks to all of our valued customers, and we look forward to continued working together to meet your international payment needs for years to come.