ING to invest €21 million into a platform specialised in international payments
ING announced that it will invest in international payments platform TransferMate to provide SME customers and corporate clients with faster, cheaper and easier payments solutions.
„Together with banks, fintechs and software providers, TransferMate has built one of the most extensive network of payment licenses in the financial industry. Apart from offering customers a broader choice of payments solutions, ING’s investment helps eliminate administration and reduce costs, allowing customers to send and receive international payments as if they were local.”, according to the press release.
“ING is a frontrunner in innovation, and TransferMate is delighted to be working with one the most innovative banks in the world,” said Sinead Fitzmaurice, co-founder and CFO of TransferMate.
“In addition to collaborating with ING, our investment will also focus on expansion of TransferMate into Asia Pacific and we look forward to continuing to execute on our global expansion plans.”
The partnership will start in 2019 and including the €21 million investment of ING, TransferMate has now raised a total of financing of €51 million.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
