About TransFast
TransFast is a Financial Services company based in New York (United States) founded in 1988, and was acquired by Mastercard in March 2019. International money transfers and payments are facilitated globally by TransFast. The company has 104 employees. Its chief executive, as recorded, is Samish Kumar. Its website transfast.com draws about 57 thousand monthly visits. Its Indian entity Mastercard Money Transfer Services India Private Limited reported revenue of ₹29.57 Cr. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its competitors include Remitly, Euronet Worldwide and Xoom; 2 of its 3 listed competitors have raised funding.
Company details
TransFast was established in 1988 in New York, United States, within the financial services sector focused on cross-border transactions. A proprietary platform is utilized for money transfers, enabling account funding via checking accounts, credit cards, or debit cards. Mobile applications are provided to support on-the-go transfers, serving international payment needs across various regions.
- Headquarters New York, United States
- Employees 104
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Website transfast.com
- Social LinkedIn X Facebook
- Acquired by Mastercard (Mar 2019)
- Legal Name Mastercard Money Transfer Services India Private Limited
- Date of Incorporation 23 Feb, 1995
- Jurisdiction Jalandhar, Punjab, India
- Indian entity revenue₹29.57 Cr
FY 2025 · +15% YoY
- Indian entity net profit₹2.40 Cr
FY 2025 · 8% margin
- Indian entity EBITDA₹3.72 Cr
FY 2025 · 13% margin
- InvestorsMastercard
& 3 more
- Employee Count104
- Acquired by
Associated legal entities of TransFast
TransFast operates through Mastercard Money Transfer Services India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mastercard Money Transfer Services India Private Limited CIN U67190PB1995PTC015897 | Active | 23 Feb 1995 | Jalandhar, Punjab | ₹29.6 Cr | 104 | 2 | View details |
Funding Insights of TransFast
- Total Rounds 3
- Investors Count 2
All 3 funding rounds of TransFast with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | Private Equity Round | – | – | ||
| Jan 2017 | $40M | Debt – Conventional | – | – | |
| Dec 2016 | Debt – Conventional | – | – | – |
4 investors in total: 4 institutional.
Investors in TransFast
TransFast has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Mastercard, Apis Partners and Comvest Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and venture capital asset management firm | apis.pe | London, United Kingdom | ||
Private equity and credit investment services for North American middle-market companies. | comvest.com | |||
Private equity investments are directed toward the United States market. | gcpcapital.com | New York, United States | ||
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States |
Investor details for TransFast
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mastercard Money Transfer Services India Private Limited (TransFast)
Mastercard Money Transfer Services India Private Limited is the primary company behind TransFast. The board of Mastercard Money Transfer Services India Private Limited currently have 2 directors; the longest-serving is Ashutosh Shantaram Raje, appointed in 2017. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashutosh Shantaram Raje DIN 06972506 | Director | 24 Apr 2017 | 9 yrs 6 mo | Mastercard Money Transfer Services India Private Limited |
| Shreerang Mohan Vaidya DIN 07330821 | Director | 25 Aug 2022 | 4 yrs 2 mo | Mastercard Money Transfer Services India Private Limited |
People of TransFast
976 people are tracked at TransFast (670 in leadership, 10 in board & advisors, 296 in team); the tracked headcount is 104.
| Name | Role | Group |
|---|---|---|
Samish Kumar | CEO | Leadership |
Merete Hansen | Director Information Security Operations | Leadership |
Jean-Robert Raynier | Vice President Products & Solutions France | Leadership |
Jaser Toumi | Manager, Managing Consultant, Marketing Data & Services | Leadership |
Earl Mundy | Vice President, Direct To Corporate Business Development | Leadership |
Esra Adibelli | Vice President Corporate Strategy | Leadership |
Sanket Dantara | Vice President (principal) Services Business Lead - South Asia | Leadership |
Thomas Krois | Vice President | Leadership |
Steven Ryniec | Director Of Business Development | Leadership |
Nick Vechiarella | Director, Finance Business Partner | Leadership |
Jimena Delfino | Vice President Of Business Development - North LAC Division | Leadership |
Ramesh Jayakrishnan | Vice President - New Payment Platforms | Leadership |
Karin Fuchs | Executive Assistant, Office Of The President, Mastercard Europe | Leadership |
Krzyk Sebastian | Svp, Commercial Head Mastercard Processing Europe (located In Spain) | Leadership |
Matteo Piccolo | Executive Vice President, Business Development Europe | Leadership |
Adam Percy | Senior Managing Consultant, Data And Services | Leadership |
Axel Lintermans | Head Of Sponsorships Europe | Leadership |
Ercan Muskara | Director - Product Management - Merchant Solutions Europe | Leadership |
Maxence Lefebvre | Director, Business Development, Security Solutions Belux | Leadership |
Geoffroy Seghetti | Senior Vice President - Marketing Services Europe | Leadership |
956 more people are available in the full profile.
Complete people profiles for TransFast
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of TransFast
Figures of Mastercard Money Transfer Services India Private Limited, the primary company behind TransFast, for FY 2025. Revenue was ₹29.57 Cr (+15% year on year). Net profit was ₹2.40 Cr (8% margin). EBITDA was ₹3.72 Cr (13% margin). Revenue has grown at a compounded annual rate of +12% over three years and +6% over five years.
- ₹29.57 CrRevenue · FY 2025 · +15% YoY
- ₹2.40 CrNet profit · 8% margin
- ₹3.72 CrEBITDA · 13% margin
- ₹2.18 CrPaid-up capital
- 104Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mastercard Money Transfer Services India Private Limited are on its company page.
Detailed financial statements for TransFast
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of TransFast
5 dated milestones of TransFast across 31 years, from founding to its latest funding, stage changes and deals.
- Founded TransFast is founded.
- Exit Acquired by GCP Capital Partners.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by Mastercard.
Competitors of TransFast
TransFast has 3 listed competitors in our database, 2 of them funded. They include Remitly, Euronet Worldwide and Xoom.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $435.93M | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| euronetworldwide.com | 1994 | Leawood, United States | 10,000 | Electronic payments and transaction processing solutions are offered globally. | ||
| xoom.com | 2001 | San Francisco, United States | $106.44M | 42 | Cross-border money transfers are enabled via banking channels. |
Detailed competitors of TransFast
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TransFast
The website of TransFast (transfast.com) receives about 57.3K visits a month and ranks #902,386 among all websites worldwide, #10,144 in Banking Credit and Lending.
- Monthly visits57.3K
▲ 81.1% vs previous month
- Unique visitors12.1K
per month
- Global rank#902,386
among all websites
- Category rank#10,144
Finance · Banking Credit and Lending
- Bounce rate35%
- Pages per visit2.2
- Average visit1 min 53 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with TransFast. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trans-fast.eu | 100% | View details | |||
transfastpay.com | transfastpay.com | 79% | – | ||
investing.businessweek.com | investing.businessweek.com | 76% | – | ||
| xoom.com | 71% | 2.4M | #14,213 | View details | |
| sendingmoneytoindia.com | 64% | #10,103,293 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for TransFast
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as TransFast (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Transfast
Complete news archive for TransFast
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about TransFast
TransFast was founded in 1988 and raised its 1st funding round 28 years after it was founded.
TransFast is headquartered in New York, United States. It is registered at New York, New York, United States.
Samish Kumar is the CEO of TransFast, as recorded in our data.
TransFast has 104 employees.
The primary company behind TransFast, Mastercard Money Transfer Services India Private Limited, reported revenue of ₹29.57 Cr for FY 2025, up 15% year on year.
TransFast was established in 1988 in New York, United States, within the financial services sector focused on cross-border transactions. A proprietary platform is utilized for money transfers, enabling account funding via checking accounts, credit cards, or debit cards. Mobile applications are provided to support on-the-go transfers, serving international payment needs across various regions.
TransFast's top competitors include Euronet Worldwide, Remitly and Xoom.
TransFast has 4 investors. Key investors include Mastercard, Apis Partners, Comvest Partners, and GCP Capital Partners.
TransFast operates through Mastercard Money Transfer Services India Private Limited.
Yes. TransFast was acquired by Mastercard in March 2019.
The legal entities of TransFast currently have 2 directors, including Ashutosh Shantaram Raje, Shreerang Mohan Vaidya.