Overview of the transaction
TransferGo, one of the world’s leading money transfer operators, has raised $50m in funding. The round was led by Elbrus Capital and Black River Ventures, with further participation from Unlimint. Existing investors Hard Yaka, Vostok Emerging Finance and SmartHub also contributed to the round. The fundraise will support TransferGo’s further geographical expansion, namely in Turkey, Russia and Nigeria, as well as development of new products and services that are highly sought after by its users.
Overview of TransferGo
Founded in 2012 by Daumantas Dvilinskas, Justinas Lasevicius, Arnas Lukosius, Edvinas Sersniovas and headquartered in London, TransferGo is one of the best-rated1 money transfer operators globally. TransferGo has established itself as one of the leading service providers for blue-collar migrants making transfers to and from Central and Eastern European countries. With its intuitive mobile app and website, TransferGo allows its users to make transfers wherever and whenever they want, eliminating the need to go to physical kiosks. The company offers an outstanding customer service and is highly trusted by its users1 due to its fast, reliable and transparent money transfer services. It offers near-instant transaction speeds, enabled by its proprietary network of partner bank integrations. TransferGo services +3.5m users worldwide across +1.4k corridors and processes +£1.3bn in volumes per year
Royal Park Partners' role
Royal Park Partners acted as exclusive financial and strategic advisor to TransferGo and its shareholders throughout the transaction. This transaction highlights Royal Park Partners’ extensive experience in the cross-border payments and money transfer space, and history of assisting with the creation of meaningful returns for our Fintech clients and investors.
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