TransferMate invests €15m in new exporting arm

New international receivables solution allows companies to receive international payments quickly without senders’ fees

Sinead Fitzmaurice of TransferMate Pic: Dylan Vaughan

Kilkenny-based financial technology firm TransferMate has invested €15 million in a new exporting arm of its foreign exchange business.

The new international receivables solution allows companies to receive international payments quickly without senders’ fees.

The launch is part of the company’s plan to grow the company to 18 times its current size.

To date, TransferMate has processed over $5 billion in international money transfers for businesses. The company aims to increase this to ...