TransferMate

TransferMate is a leading provider of business-to-business (B2B) payments infrastructure, offering solutions that enable companies to send and receive cross-border payments efficiently and cost-effectively. Founded in 2010 and headquartered in Kilkenny, Ireland, the company has built a global licensing infrastructure and banking network, one of the largest in the industry.

TransferMate's technology allows businesses to make international payments in more than 201 countries and 141 currencies, as easily and cost-effectively as if making a domestic funds transfer. The company's platform provides real-time transparency and speed when conducting cross-border payments, making it the preferred choice for many leading procure-to-pay and spend management platforms worldwide.

TransferMate operates through a vast network of over 200 bank accounts in 162 countries, enabling it to offer competitive exchange rates that are typically within 1% of the mid-market rate. The company charges a flat fee of EUR 10 for individual transfers, while business transfers are subject to a sliding scale based on the transaction amount.

In May 2022, TransferMate secured a USD 70 million funding round, valuing the company at USD 1 billion and bringing its total funding to USD 130 million. This investment will further support the expansion of TransferMate's global workforce, technology innovation, and product suite.