About TransferMate
TransferMate is a Financial Services company based in Kilkenny (Ireland) founded in 2010 by Terry Clune. International B2B payments and receivables are processed globally. TransferMate has raised $130 million across 3 funding rounds from investors including ING, AIB Bank and Railpen. The company has 420 employees. TransferMate has completed 1 acquisition, including Devisenwerk. TransferMate was last valued at $1 billion in May 2022. Its website transfermate.com draws about 37 thousand monthly visits. TransferMate offers products and services including Embedded Payments Technology, Global Payments Infrastructure, and Online Payment Platform. Its focus areas include FinTech, Digital Remittance, Enablers and Software for MTOs. Its legal entity is TRANSFERMATE PTY LIMITED.
Company details
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.
- Headquarters Kilkenny, Ireland
- Employees 420
- Founders Terry Clune
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website transfermate.com
- Social LinkedIn X Facebook Instagram
- Legal Name Transfermate Pty Limited
- Total Equity Funding$130M (USD)
in 3 rounds
- Latest Funding Round$70M (USD), Series B
May 2022
- InvestorsING
& 2 more
- Employee Count420
- Investments & Acquisitions
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
Funding Insights of TransferMate
TransferMate has successfully raised a total of $130M 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.
- Total Funding $130M
- Total Rounds 3
- Last Round Series B — $70M
- First Round $35.39M
(Nov 2017)
- Investors Count 3
All 3 funding rounds of TransferMate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $1B | •••••••• |
Last known valuation $1B (May 2022). 3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Manages pensions, investments, and administration for members across industries. | 1965 | railpen.com | London, United Kingdom | |
Commercial banking and insurance services are provided globally by ING. | 1991 | ing.com | Amsterdam, Netherlands | |
Commercial banking services are provided to individuals and businesses. | 1966 | aib.ie | Dublin, Ireland |
Investor details for TransferMate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
People of TransferMate
122 people are tracked at TransferMate (36 in leadership, 86 in team); the tracked headcount is 420.
| Name | Role | Group |
|---|---|---|
Terry Clune | Founder | Leadership |
Jason Williams | Channel Sales Director | Leadership |
Ellen Brennan | Head Of Settlements | Leadership |
Matthew Farrell | VP Sales, Financial Institutions | Leadership |
Brian Calnan | Chief Operating Officer | Leadership |
Gary Conroy | CEO | Leadership |
Kelly Williams | Head Of Direct Sales EMEA | Leadership |
Michael Cullen | Svp, Head Of North America | Leadership |
David Hughes | Chief Commercial Officer | Leadership |
Jennifer Gallagher | Director Of Strategic Partnerships, Education | Leadership |
Peter Hession | Chief Risk Officer (cro) | Leadership |
Rowena Minchin | Head Of Partner Implementation | Leadership |
John Keating | Director, Enterprise Sales US | Leadership |
Vicki Whelan-Foxe | Partner Implementation Manager | Leadership |
Colm Flood | Senior Partner Implementation Manager | Leadership |
Hayleigh Ahearne | Senior HR Business Partner | Leadership |
Brendan Coughlan | Head Of Digitalisation AI And Analytics | Leadership |
Vijay Rao | Head Of APAC | Leadership |
Lucy Cheng | Country Head | Local CEO | Leadership |
Aisleen Dowling | VP Partnerships | Leadership |
102 more people are available in the full profile.
Complete people profiles for TransferMate
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.
Investments & Acquisitions by TransferMate
TransferMate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Devisenwerk.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled online for individuals and businesses. | devisenwerk.ch | Lachen, Switzerland | 2015 | Dec 2018 | •••• |
Complete acquisition details for TransferMate
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of TransferMate
5 dated milestones of TransferMate across 12 years, from founding to its latest funding, stage changes and deals.
- Founded TransferMate is founded.
- Funding First funding round of $35.4M.
- Acquisition Acquires Devisenwerk.
- Funding Latest funding round, Series B, of $70.0M.
- Milestone Reaches Unicorn status.
Web traffic of TransferMate
The website of TransferMate (transfermate.com) receives about 37K visits a month and ranks #760,133 among all websites worldwide, #8,371 in Financial Planning and Management.
- Monthly visits37K
▼ 9.6% vs previous month
- Unique visitors17.5K
per month
- Global rank#760,133
among all websites
- Category rank#8,371
Finance · Financial Planning and Management
- Bounce rate39%
- Pages per visit1.9
- Average visit32 sec
- DevicesDesktop 36% · Mobile 64%
Websites whose visitors overlap most with TransferMate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xoom.com | 100% | 2.4M | #14,213 | View details | |
| fxcompared.com | 83% | 22.7K | #991,138 | View details | |
| mycurrencytransfer.com | 76% | 202.7K | #242,207 | View details | |
ukrwm.com | ukrwm.com | 75% | – | ||
no1currency.com | no1currency.com | 75% | #359,871 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 37 similar websites and full traffic analytics for TransferMate
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- 37 similar websites
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Related news about Transfermate
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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. It is registered at Kilkenny, County Kilkenny, Ireland.
TransferMate is a funded company, having raised a total of $130M across 3 funding rounds to date. The company's 1st funding round was a Series A of $35.39M, raised on Nov 2017.
TransferMate has 420 employees.
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.
TransferMate operates through Transfermate Pty Limited.