About TransferGo
TransferGo is a company based in London (United Kingdom) founded in 2012 by Arnas Lukosius.. TransferGo has raised $109.2 million across 12 funding rounds from investors including SVB, Milano Investment Partners and VEF. TransferGo operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, Western Union and SentBe, among others.
- Headquarter London, United Kingdom
- Founders Arnas Lukosius
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Transfergo Ltd
- Date of Incorporation 18 Jan, 2012
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$109.2 M (USD)
in 12 rounds
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Latest Funding Round
$37.87 K (USD), Series C
Apr 22, 2025
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Investors
SVB
& 17 more
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Employee Count
Employee Count
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Funding Insights of TransferGo
TransferGo has successfully raised a total of $109.2M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $37.87 thousand completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series C — $37,869
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First Round
First Round
(01 Jun 2012)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series C - TransferGo | Valuation |
investors |
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| Apr, 2024 | Amount | Series C - TransferGo | Valuation |
investors |
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| Sep, 2021 | Amount | Series C - TransferGo | Valuation | Elbrus Capital , Black River Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TransferGo
TransferGo has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Milano Investment Partners and VEF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm focusing on technology companies
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sector
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Founded Year | Domain | Location | |
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Early and growth stage tech companies in Europe are funded.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TransferGo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TransferGo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Transfergo Comparisons
Competitors of TransferGo
TransferGo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, Remessa Online, Western Union and SentBe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Transfergo
Frequently Asked Questions about TransferGo
When was TransferGo founded?
TransferGo was founded in 2012.
Where is TransferGo located?
TransferGo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is TransferGo a funded company?
TransferGo is a funded company, having raised a total of $109.2M across 12 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Jun 01, 2012.
What does TransferGo do?
TransferGo was founded in 2012 in London, United Kingdom, within the fintech sector. Cross-border remittance services are provided to consumers and businesses, allowing funds to be transferred internationally via cash deposits, bank transfers, and ATMs. APIs are offered for transaction management, pricing retrieval, and access to market trends and insights. Operations center on efficient global money movement from a UK base.
Who are the top competitors of TransferGo?
TransferGo's top competitors include Wise, Remessa Online and 2C2P.
Who are TransferGo's investors?
TransferGo has 18 investors. Key investors include SVB, Milano Investment Partners, VEF, Taiwania Capital, and Elbrus Capital.
What is TransferGo's valuation?
The valuation of TransferGo is $349.36M as of Apr 2025.
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