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TransferGo Investment News: $10 million in strategic funding from Taiwania Capital Management

Jennifer Tate

11.04.2024

3 min read

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We’re thrilled to announce some exciting TransferGo investment news… we’ve secured a 10 million USD investment from Taiwania Capital Management!

This investment aims to accelerate our growth in the Asia-Pacific region and support the expansion of our new product offerings.

It comes on the back of delivering 50% year-over-year growth and achieving profitability last year. Since our last TransferGo investment round in September 2021, our company has also doubled in valuation. In contrast to recent market trends last year, we’ve also expanded our team by over 30% and strengthened our leadership with global talent .

Speaking about the TransferGo investment news, our CEO and Co-Founder, Daumantas Dvilinskas says: “Our mission is to create a fairer world for global citizens. The recent investment opens a new chapter for our company, enabling us to accelerate growth in Asia-Pacific by providing people with more opportunities for fairer financial services. Additionally, we’ll continue investing in broadening our product development and bringing more value to our customers worldwide.

“The doubling of our company’s valuation, considering the problematic capital market conditions, validates our robust business model and positions us among the fastest-growing consumer finance service brands worldwide.”

Our growth trajectory is driven by our innovative product offering and customer-first approach. Nearly 90% of our transactions are delivered instantly, 24/7 and at 80% market-leading gross margin. This enables us to provide market-leading offerings that ensure accessibility and reliability for its users. We’ve also built a reputation for delighting our customers, as reflected in our industry-leading TrustPilot score of 4.7/5. Last year, we also surpassed 7 million clients across 160 countries.

Mitch Yang, Managing Partner at Taiwania Capital says: “We’re convinced by TransferGo’s bold mission and clear business strategy. The company demonstrates an exceptional focus on providing added value for its clients and has a proven track record of expertise in creating favourable conditions for financial inclusivity. TransferGo serves as an example of how technology and innovation can serve the well-being of everyday people. This investment demonstrates our strong belief in TransferGo’s mission, and we’ll continue to support and facilitate its growth.”

Watch this space.

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For more information on TransferGo investment news and all things migration, visit the TransferGo blog, it’s a treasure trove of tips—from help with sending and saving money to travel guides, career advice and stories from around the world.

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About the author

Jennifer Tate

Jennifer Tate is a freelance copywriter and content manager based in Newcastle upon Tyne with over 15 years of experience in creating SEO copy and content for both leading brands and independent start-ups. Working across a variety of sectors from fintech to fashion, Jennifer has produced content for various clients including Charlotte Tilbury, Robinson Pelham and Tommee Tippee, and has been working with TransferGo since 2017.