TransferGo is a ﬁn-tech business that is providing its users a cheaper and faster way to send money overseas from the Canary Wharf Fin-Tech Accelerator program, Level 39.
After studying here in the UK, the TransferGo co-founders used their contacts in the tech and VC space to set-up the business in the UK with a goal of offering a cheaper and faster service to consumers.
TransferGo has developed a unique offering that provides the quickest ‘guaranteed’ way to transfer money on the market. Over 10,000 registered users (and rising) are now taking advantage of the next-day guaranteed transfer and, last month alone, the platform saw over £1million transferred across the 11 countries that it currently services.
In addition to the founders, the business has been backed by an impressive advisory board consisting of some of the VIPs in the tech world such as Eric van der Kleij and Greg Kidd.
The business had a seed round of funding of EUR150,000 in December 2012 from Practica Seed Capital KŪB - a VC in the Baltics.
Then TransferGo has secured EUR 200,000 of series A funding already which will increase by another EUR400,000 when they meet the required milestones in the next month.
Practica Capital funds invest in equity (minority or majority share capital) or quasi-equity ins...