• FOUNDING YEAR: 2012
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Web/Mobile based money transfer services
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Reatail customers,small and medium businesses
EXISTING PARTNERSHIPS:
TransferGo has partnered with more than 30 global banks
PRIMARY PROBLEM SOLVED:
The company follows a local-in, local-out model, that allows them to pay money out to recipients as soon as they receive the funds from the senders by working with their bank partners. They also use a algorithm driven currency exchange platform, that provides for low deposit for any currency fluctuations.
COMMENT
The company is looking to expand from current 42 to countries to 100 countries globally.

PEOPLE

FOUNDERS:
Daumantas Dvilinskas, Edvinas Sersniovas, Justinas Lasevicius, Arnas Lukosevicius
Board Members and Advisors:
Greg Kidd, Perry Blacher, Chris Grew
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Practica Capital, Vostok Emerging Finance, Voria Fattahi, Richard Tudor, Mark Ransford, Clive Khan

TRACTION

VALUATION / MARKET CAP:
$22.67 MM in 2016
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$150 MM
ACTIVE USERS:
100,000

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$6.11 Millions
DATE OF LAST FUNDING:
Jun 2016
SEED & PRIOR FUNDING:
$2.71 Millions
SEED CLOSED ON:
Dec 2015
FUNDING SERIES:
SERIES A
$3.4 Millions Closed: Jun 2016
LISTED:
NO

LATEST RESEARCH