L39 member TransferGo raises $10m Series B to expand internationally
18th May 2018
Level39 member TransferGo today announced a Series B funding round of $10m to support the business with international growth.
Having been based at Level39 since 2014 the business has been growing steadily, supporting migrants with remittances, especially in the Baltics region.
The business has 600,000 clients around the world – and have established themselves in the UK, Poland, German and Scandinavian markets. It has also extended its services to Ukraine, Russia and Asian countries.
Daumantas Dvilinskas, the CEO of TransferGo, said: “The European FinTech startup ecosystem is really dynamic and has a lot of growth potential.
“The last quarter for our team have been very special. We doubled monthly acquisition and exceeded a £1bn transferred using our service, growing 100% year-on-year new investments will be used to fuel expansion, as well as enable us to expand the range of services we offer.”