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Royal Park Partners advises TransferGo on its Series B Funding Round, raising $50 Million


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.


 


Disclaimer


The information contained in this document and any communication or documents or other materials distributed at or in connection with the document (together, the "Presentation") is confidential and is being made to or directed to in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it (all such persons being "Relevant Persons"). This presentation may not be disseminated, distributed or used without the prior written consent of Royal Park Partners and Sapia Partners LLP (the “Companies”). The information contained in the Presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons. Any investment or investment activity to which the Presentation relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation must not be acted or relied upon by persons who are not Relevant Persons. Royal Park Partners is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.​

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