Top 5 Scaling Tips

by Gary Conroy, Chief Product Officer I’ve been fortunate enough to have been involved in the largest Irish FinTech deals. TransferMate Global Payments secured a valuation of over €350m at the time of a €51m minority equity investment from ING and AIB in 2017/2018, and Realex Payments was sold to Global Payments for €115m in 2015. Both companies have similar characteristics – entrepreneurial driving forces in Terry Clune, Sinead Fitzmaurice and Colm Lyon; neither is VC backed, instead choosing to grow organically through paying customers; both have been profitable since inception. What…

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The Why

A question we are asked repeatedly by kids is “why”? It can be exhausting, but they have the right idea – “Why” is the ultimate clarifying question. It demands explanation, context and support. It’s a simple question that, when asked by a 5-year-old, moves from cute to challenging to exasperating. In business this question is not asked as frequently as perhaps it should. When we don’t ask “why”, we give up the opportunity to learn critical information. We at TransferMate, would like to clarify “why” us? The answer is simple;…

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TransferMate announces a €21m investment by ING

 And strategic partnership across the ING corporate client base Investment will help accelerate TransferMate‘s global expansion €51 million Series A funding invested in TransferMate in the past 8 months   29th July 2018 – TransferMate, (“TransferMate” or the “Company”), a leading cross-border B2B payments technology solution, is delighted to announce today a €21 million investment from ING Group N.V. (“ING”), one of Europe’s leading banks, for a small minority equity stake in the Company. TransferMate and ING have also agreed to a strategic partnership, where TransferMate services will be available…

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