TransferMate Raises $70M in Funding
- TransferMate, a Dublin, Ireland-based provider of a B2B payments infrastructure as-a-service, raised $70M in funding at $1BN valuation
- Railpen, one of the UK’s largest and longest established pension funds whose Fintech investments
- The company intends to use the funds to expand its teams globally and further invest in its technology innovation and product suite
- The company – a subsidiary of CluneTech — is a provider of B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments
- The company has created integrations for banks like ING and AIB, who are also investors
