About TransferMate
TransferMate is a company based in Kilkenny (Ireland) founded in 2010. TransferMate has raised $129.86 million across 3 funding rounds from investors including ING, AIB Bank and Railpen. TransferMate has completed 1 acquisition, including Devisenwerk. TransferMate offers products and services including Embedded Payments Technology, Global Payments Infrastructure, and Online Payment Platform. TransferMate operates in a competitive market with competitors including Payoneer, Ebury, Airwallex, Tipalti and Flywire, among others.
- Headquarter Kilkenny, Ireland
- Stage Unicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Transfermate Pty Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$129.86 M (USD)
in 3 rounds
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Latest Funding Round
$70 M (USD), Series B
May 23, 2022
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Investors
ING
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of TransferMate
TransferMate offers a comprehensive portfolio of products and services, including Embedded Payments Technology, Global Payments Infrastructure, and Online Payment Platform.
Enables secure global payment integrations for partners and businesses
Facilitates cross-border transactions in multiple currencies
Allows white-labeled payment solutions for instant global transfers
People of TransferMate
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Sales and Marketing
16 people
Leadership Team
11 people
Relationship Team
10 people
Finance and Accounting
8 people
Strategic Team
7 people
Software Development Team
7 people
Head Team
6 people
Legal and Compliance
6 people
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Funding Insights of TransferMate
TransferMate has successfully raised a total of $129.86M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $70 million completed in May 2022. 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.
Investors in TransferMate
TransferMate has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include ING, AIB Bank and Railpen.
| Investor | Description | Founded Year | Domain | Location |
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Manages pensions, investments, and administration for members across industries.
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Commercial banking and insurance services are provided globally by ING.
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Commercial banking services are provided to individuals and businesses.
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Locked | Locked | Locked |
Investor details for TransferMate
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- Investor locations
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Investments & Acquisitions by TransferMate
TransferMate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Devisenwerk.
Investment portfolio details for TransferMate
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cross-border remittances are enabled online for individuals and businesses.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for TransferMate
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - TransferMate
Detailed financials for TransferMate
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- Profit trends
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Transfermate Comparisons
Peer comparison for TransferMate
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- Named peers
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Competitors of TransferMate
TransferMate 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 Payoneer, Ebury, Airwallex, Tipalti and Flywire, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled for businesses via diverse payout methods.
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Forex risk management and payment solutions are provided for businesses.
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Cross-border payments are processed for businesses via tools and APIs.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Flywire is recognized as a global payments and software expert.
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Global payment solutions are provided by Rapyd to businesses worldwide.
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Detailed competitors of TransferMate
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Transfermate
Complete news archive for TransferMate
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about TransferMate
TransferMate was founded in 2010 and raised its 1st funding round 7 years after it was founded.
TransferMate is headquartered in Kilkenny, Ireland.
TransferMate is a funded company, having raised a total of $129.86M across 3 funding rounds to date.
TransferMate was founded in 2010 in Kilkenny, Ireland, within the fintech sector. Global payment APIs are offered for integration with third-party systems worldwide. Banks, financial institutions, and businesses are enabled to send and receive funds across borders. Cross-border payment solutions are automated for end customers, supporting international B2B transactions in payments and receivables. Operations extend to multiple geographies through digital infrastructure.
TransferMate offers Embedded Payments Technology, Global Payments Infrastructure, and Online Payment Platform.
TransferMate has made 1 acquisition, including Devisenwerk.
The valuation of TransferMate is $1B as of May 2022.