TransferMate raises USD 70 mln to expand services

Monday 23 May 2022 12:36 CET | News

Ireland-based TransferMate, a provider of B2B payments infrastructure as-a-service, has announced a USD 70 million funding round bringing the company to a valuation of USD 1 billion.

This funding round which consists entirely of primary capital will be used to expand its teams globally and further invest in its technology innovation and product suite. The funding round was managed by Barclays Bank, acting through its investment bank.

TransferMate allows businesses and individuals to make cross-border payments in 201 countries and 141 currencies, as if making a domestic funds transfer, and with transparency of the transaction through to the point of final reconciliation.

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Keywords: funding, B2B payments, payments infrastructure, investment, cross-border payments
Categories: Banking & Fintech
Countries: Ireland
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Banking & Fintech

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