TransferGo was founded in 2012 by 4 Lithuanian migrants in the UK who wanted to stop the monopolisation of international money transfers. With that in mind, Justinas Lasevičius, Daumantas Dvilinskas, Arnas Lukoševičius and Edvinas Šeršniovas set out with the goal of creating their own money transferring solution.
They began by asking permission to establish their own money transfers, but quickly found many banks in the UK were dubious to partner with the group. Through hard work and commitment, just a year later in 2013, TransferGo was accepted as a member of Level39 - Europe's largest accelerator space for technology businesses.
Having established a solid digital account to account business model, TransferGo has since grown to be a leader in global financial services. By 2014, the company launched its mobile version and introduced direct debit payments.
By 2015, TransferGo had been granted $2.5 million in seed funding to further evolve. Partnered with some of the most well-known global banks today, TransferGo is one of the most trusted online money transfer operators. With millions of customers using its services every day, transferring money internationally has never been easier.
The company also has around 150 employees and is FCA regulated for customers' complete peace of mind.
Key selling points:
- Customers are able to send money in as little as 30 minutes when using TransferGo
- TransferGo offers low fees and no hidden costs
- Various payment methods available
- TransferGo has a multilingual customer support team which works from several countries
- Customers can download the app for more convenience.