aA
Money transfer platform TransferGo has added a $3.4m (£2.6m) to its $17.5m Series B funding round, as it surpasses 1m customers.
Naujas „TransferGo“ biuras
Naujas „TransferGo“ biuras
© Įmonės nuotr.

The additional investment comes from French venture capital firm Seventure Partners adding to a series B round which began in December, writes Practica Capital in a press release.

The round was led by Vostok Emerging Finance and Hard Yaka, with participation from Revo Capital, U-Start Club and Practica Capital. It included a crowdfunding round on Seedrs of $830,000.

Since launching in 2012, the Transferwise rival said it has seen 100 per cent year on year growth and is now accessible in 47 countries. It continues to grow by more than 2,000 new users each day.

Chief executive and co-founder Daumantas Dvilinskas said: “We’re delighted that 1m people around the world are now using Transfergo to send money to friends and family internationally. Our customers are at the heart of everything we do so reaching this milestone is huge testament to the work we’ve put into creating new solutions that work for our users, as well as a service that exceeds customer experience expectations.”

Dvilinskas continued: “We’ve had an exceptional year so far that’s seen us hit $1bn in money flow as well as reach 1m customers - and we’re far from done."

"We’re really committed to making the most of this opportunity and ensuring digital remittances are accessible to as many people as possible – and we’re delighted that Seventure Partners supports this vision.”

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.
|Populiariausi straipsniai ir video

OECD about Lithuania: COVID-19 crisis reinforces the need for reforms to drive growth and reduce inequality

Effective containment measures, a well-functioning health system and swift public support to firms and...

Restrictions may be imposed on shopping centers if they fail to limit shopper flows

The Lithuanian government may impose restrictions on shopping centers if they fail to regulate...

Paysera continues to expand in the Balkans: launched in Albania, eyeing Serbia

The Lithuanian-founded electronic payment network, Paysera , which provides a current account, money...

The Klaipėda FEZ community remains active during the COVID-19 pandemic

Over the past few years, the Klaipėda Free Economic Zone (FEZ) has become not only a large industrial...

The first-ever Nordic-Baltic Women Innovation Sprint begins

The first-ever Alter State Nordic-Baltic Women Innovation Sprint kicks off on November 19, 5 PM...

Top news

Parliament approves Simonyte for prime minister

The Lithuanian parliament on Tuesday gave the green light for the president to appoint Ingrida...

Phil Serafino | D+ nariams

French restaurants, stadiums to stay shut over holiday season

Two weeks before the scheduled end of France ’s second coronavirus lockdown, signs are already...

2289 new coronavirus cases

On Tuesday, 2 289 new COVID-19 cases were recorded. In total, the country has already detected 51 655...

Karbauskis vows to stay in politics after renouncing MP mandate (1)

Ramunas Karbauskis , leader of the opposition Lithuanian Farmers and Greens Union , plans to stay...

Emma Court | D+ nariams

Elon Musk’s rapid-test tweets raise more questions than answers

Tesla Inc.’s Elon Musk could have Covid-19 . He could also be a high-profile example of...

|Maža didelių žinių kaina