TransferGo

TransferGo is an FCA-regulated international money transfer platform founded in 2012 in London by Lithuanian co-founders Daumantas Dvilinskas and Justinas Lasevičius. It serves over 8 million customers across 160+ receiving countries in 41 currencies.

The platform specializes in affordable, high-speed cross-border remittances targeting migrant communities.

TransferGo uses a local-in, local-out payment model that bypasses traditional SWIFT corridors, enabling transfers to arrive in as little as 30 minutes at significantly lower costs than banks.

Key capabilities include multi-currency accounts, a virtual and physical GoCard (Visa debit), card-to-card instant transfers, mobile wallet payouts, and a business account with competitive FX margins starting at 0. 35%.

Users can send from 35 European countries and Turkey to 164 destinations worldwide.

Security is reinforced through FCA authorization (reference 600886), HMRC supervision, and a Bank of Lithuania EMI license. Customer funds are held in segregated accounts, and all transactions are protected by HTTPS encryption.

TransferGo has raised $127M in total funding through Series C and strategic rounds, backed by investors including Elbrus Capital, Black River Ventures, VEF, and Taiwania Capital.

The company operates with 350+ employees across offices in London, Vilnius, Kaunas, Berlin, Warsaw, and Krakow.

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