TransferMate, a Dublin, Ireland-based world’s leading provider of B2B payments infrastructure-as-a-service, announced a $70 million funding round bringing the company to a valuation of $1BN and $130M of total funding.
Railpen, one of the largest UK pension funds, managing £37 billion, participated in the round.
This funding round which consists entirely of primary capital will be used to expand its teams globally and further invest in its technology innovation and product suite.
Company: Transfermate Ltd.
Funding Month: May 2022
Lead Investors: Railpen
Company Website: https://www.transfermate.com/
Software Category: B2B payments solution
About the Company: Established in 2010, TransferMate is the world’s leading B2B global payments infrastructure-as-a-service that simplifies, digitalizes, and automates the manual tasks involved in paying and getting paid. TransferMate is an award-winning technology solution that is powering international B2B payments and receivables transactions for the world’s biggest brands. TransferMate allows businesses and individuals to make cross-border payments in more than 201 countries and 141 currencies. Using TransferMate’s technology and global banking infrastructure, companies benefit from better exchange rates, greater transparency, and improved reconciliation via direct integration into accounting and ERP systems.