Last deal

$70M

Amount

Series C

Stage

23.05.2022

Date

2

all rounds

$94.48M

Total amount

date founded

Financing round

General

About Company
TransferMate is a global B2B payment platform that automates manual tasks involved in paying and getting paid.

Related to

Clune Technologies

Clune Technologies

CluneTech provides corporate financial solutions to multinational companies worldwide.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Location

Dublin, Ireland

count Of Investments

2

count Of Exists

1

Industry

Sector :

Subsector :

Also Known As

TransferMate, Transfermate Inc.

founded date

01.06.2010

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

The online payment platform offers a range of services, including online track payments, automated payee notifications, verification of bank account details, and direct integration into back-end accounting systems. With one of the largest portfolios of payment licenses worldwide, TransferMate enables companies to send and receive cross-border payments faster and easier than ever before, supporting trading in 162 countries and 134 currencies. The company's unique offering has attracted major strategic investments from leading banks such as ING Group N.V. and Allied Irish Bank, who have cumulatively invested €51 million in the company.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
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2

Number of Funding Rounds

$94.48M

Money Raised

Their latest funding was raised on 23.05.2022. Their latest investor RPMI Railpen. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 
23.05.2022
1
$70M
29.07.2018
1
$24.48M
Local Amount - EUR 21M
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Co-Investors
Investors
2
2

Number of lead investors

2

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series C
Yes
Series B
RPMI Railpen

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Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Devisenwerk acquired by TransferMate Global Payments

Devisenwerk acquired by TransferMate Global Payments

acquirer

TransferMate Global Payments
TransferMate Global Payments

date

18.12.2018

type

Acquisition
Devisenwerk

Devisenwerk

Devisenwerk is a foreign exchange service that simplifies and secures currency transactions.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Risk Management, Financial Services, Financial Exchanges

Location

Lachen, Switzerland

People

Founders
3
Barry Dowling
Barry Dowling

Barry Dowling

organization founded

1

Barry Dowling

Sinead Fitzmaurice
Sinead Fitzmaurice

Sinead Fitzmaurice

As CEO of TransferMate Global Payments Sinead has led the company’s recent global expansion with a payments footprint in 162 countries and partnerships with some of the world’s top banks and software providers. The company has seen significant growth under her leadership with investments from ING in 2018 and recent strategic relationships announced with Wells Fargo, Coupa, SAP Concur and TradeShift. As CEO and formerly CFO, Sinead has been responsible for shaping the overall strategic direction of TransferMate as it developed technology for the financial services industry that results in real value for enterprises globally.

current job

TransferMate Global Payments
TransferMate Global Payments

organization founded

1

Sinead Fitzmaurice

Terry Clune
Terry Clune

Terry Clune

current job

TransferMate Global Payments
TransferMate Global Payments

organization founded

4

Terry Clune

Employee Profiles
24

Ciara Cooney

Implementation specialist

Dale Burks

Senior director of strategic partnerships

Padraic Hickey

Lead software engineer

Gareth Davies

User experience designer

Hilda Rivera

Us business developer

Ian Hayes

Customer service manager

Balwinder Singh

National manager

Gary Conroy

Gary Conroy

CPO & CCO

Activity

Recent News
2
News Timeline

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