London’s TransferGo secures £4 million in financing for cross-border payments platform


London-based fintech startup TransferGo has received £4 million in financing from Silicon Valley Bank UK Branch (SVB) to expand its real-time payments platform for consumers, SMEs and enterprise clients.

The company started in 2012 as a money transfer service and has since shifted its focus to payments, specifically cross-border payments and remittances. The platform now has over 2.5 million customers.

This past June, TransferGO announced a $10 million funding round and its launch in 11 new markets, including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. The UK company also recently partnered with VISA enabling global pay-out to cards.

Photo: CEO and co-founder Daumantas Dvilinskas

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