TransferMate primes itself for post-Brexit EU market dominance with further expansion of senior management

The only EU payment institution regulated in USA and EU


  • Announces achievement of full U.S. regulatory approval.
  • Post-Brexit, TransferMate will become only EU Payment Institution regulated throughout the EU and every U.S. state.
  • Appoints Gary Conroy, former MD, Realex as Chief Commercial Officer.
  • Appoints Rafael de la Vega, former Director of Global Partnerships at Intuit in Silicon Valley, as North American Board advisor.

Dublin – August 6, 2017 – TransferMate, the global B2B end-to-end payments platform today announces the expansion of its senior management team following its achievement of full U.S. regulatory approval. Upon Britain’s exit from the EU, the Kilkenny company, which is owned by Terry Clune and Sinéad Fitzmaurice of the TaxBack Group, will become the only EU Payment Institution regulated throughout the EU and in every U.S. state.

To capitalize on this significant market opportunity, TransferMate has made the following appointments:

Gary Conroy, former MD of Realex Payments joins TransferMate as Chief Commercial Officer, while Rafael de la Vega, former Director of Global Partnerships at Intuit in Silicon Valley will become TransferMate’s new North American Board advisor.

Gary Conroy comes to TransferMate with over twenty years’ experience across technology and financial services companies such as Goldman Sachs, Misys Financial Software Systems and Axway. Most recently, Gary served as Managing Director of Realex Payments following the company’s acquisition by Global Payments in March 2015 for 115m EUR in one of the largest deals in European FinTech. Subsequent to the transaction, Gary led the growth of the platform transaction volume, processing in excess of 1 million transactions per day.

Rafael De la Vega’s illustrious career has seen him hold such positions as Vice President of Global Commercial solutions with Visa Payments, and Interim GM for Intuit, a Fortune 500 company.

Speaking on the appointments, Sinéad Fitzmaurice, Co-Founder of TransferMate and Chief Financial Officer stated,

I am pleased and excited to welcome Gary and Rafael to the TransferMate team. Between them, they have unrivalled knowledge and a wealth of experience in payments industry. With their help we look forward to achieving and capitalising on our post-Brexit dominance of the B2B cross-border payments market and to scaling the business to achieve its full global potential, offering our customers the smartest, most efficient solutions for their businesses.

About TransferMate

TransferMate provide award-winning cross-border solutions and applications, creating genuine levels of disruption in the international FinTech industry. The company has in excess of 7,000 corporate clients in over 50 countries and a growing following of end-users using its payments platform via seamless integration with the world’s leading accounting software packages. To date, $10 billion has been sent through TransferMate’s business payments infrastructure to over 200 countries.

TransferMate Global Payments offer the smartest solution for businesses worldwide to both send and receive international payments. Using our online platform and global banking infrastructure, we virtually eliminate the cost of sending international business payments by collecting and sending payments using our own banking network. Our clients benefit from better exchange rates, lower bank transfer fees and direct integration into their back end accounting systems. TransferMate is becoming the provider of choice due to its ongoing investment and focus on products and regulation. TransferMate’s mission is to connect businesses across the world when sending and receiving international payments and disconnect the slow fee levying banks in the middle.

For more information, call our 24 hour phone line – 312 924 3737.

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