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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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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