TransferGO announced that it has raised $50m in a Series C funding round led by Elbrus Capital Fund III and Black River Ventures.
This news follows consistent 80% year-on-year growth for the company since its launch, and brings the total raised to-date to $77m.
„We will be using it to develop our product offering in support of ambitious plans to grow 5x in the next 3-4 years,” the company said.
Since launch, TransferGo has processed 13.5m international and local transactions, amounting to over $6bn in money flow.
The firm connects 3.5m customers across 160 markets.
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:
