TransferGo receives 10 million USD in funding after more than 30 percent growth during pandemic restrictions

TransferGo has received 10 million USD in funding after a 30 percent growth during social isolation measures. The funding round was coordinated by Seventure and Vostok Emerging Finance. Currently, the number of TransferGO customers has exceeded two million.

“TransferGo has seen an impressive increase of over 30% during the isolation period, which proves a rapid digitization of emerging countries and that our users appreciate the simplicity, security and speed with which they can make transfers abroad,”says Daumantas Dvilinskas, CEO and founder of TransferGO.

TransferGO recently launched its services in 11 new markets, including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. This expansion represents a doubling of the market in Asia and Africa, beyond the original base that was Europe.