# Transfermate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transfermate

- Industry: Financial Services
- Headquarters: Kilkenny, Ireland
- Website: www.transfermate.com
- Total disclosed funding: $24M
- Latest round: Series A (Sep 4, 2018)
- Investors on record: 1

## About

Based in Kilkenny, Ireland, and founded in 2010 by its CEO Sinead Fitzmaurice and co-founder Terry Clune, Transfermate Ltd. operates as a provider of B2B payments infrastructure-as-a-service that enables companies to send and receive cross-border payments. In May 2022, Transfermate Ltd. raised USD 75 million in series C funding led by new investor Railways Pension Scheme. As of June 2022, the company allows businesses and individuals to make cross-border payments in more than 201 countries and 141 currencies.

Transfermate Ltd. offers B2B payments platform that enables international payments by using own network of local bank accounts, allows to track all transaction history, beneficiary details, payment status, and value dates, direct integration into clients back-end accounting systems, and protect against fluctuating foreign exchange rates. The company's client base includes Transact, Touchnet, ING, Ivalua, Coupa, WEX, and SAP Concur.

The company will use the series C funding to expand its teams globally and further invest in its technology innovation and product suite.

## Funding rounds

- Series A, Sep 4, 2018, $24M — ING Ventures

## Investors

- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series A