TransferMate Global Payments Secures $70M to Revolutionize Global B2B Cross-Border Transactions

TransferMate Global Payments is excited to announce the successful raising of €70 million in its latest funding round, marking a significant milestone in the company’s growth and innovation journey. As a leading global B2B payments technology firm, TransferMate has continually revolutionized the way businesses send and receive cross-border payments by providing a platform that makes international transactions faster, simpler, and more cost-effective. With an impressive portfolio that spans over 200 countries and territories, supports more than 140 currencies, and boasts 92 licenses, TransferMate has cemented its reputation as a trailblazer in the payments industry. This new injection of capital will be strategically deployed to expand the company’s technological infrastructure, enhance its global banking partnerships, and drive further innovation in its payment solutions. Additionally, the funds will help amplify the integration of TransferMate’s technology with leading banks, fintechs, and software providers, ensuring that business customers continue to benefit from better exchange rates, increased transparency, and streamlined reconciliation processes via direct integration with existing accounting and ERP systems. The support from prominent financial institutions such as ING Group N.V. and Allied Irish Bank—who have cumulatively invested €51 million in the company previously—underscores the market’s confidence in TransferMate's business model and its potential for sustained growth. As the company continues to push the boundaries of cross-border payments technology, this fresh round of funding is poised to bolster its mission of enabling businesses worldwide to navigate the complex world of international finance with ease and efficiency.