TransferGo Success Story: Revolutionizing the Remittance Industry
Earth is a global village. Technology is changing rapidly day by day. In short, the world is getting smaller due to technology. Similarly, startup around the world tries to encash the various opportunities presented by the growing migration trend.
On the other hand, technology is revolutionizing the remittance industry. As a result, it becomes much easier, faster & cheaper to transfer money online on the go.TransferGo is one such startup which provides digital remittance solution where you can transfer money online across the country.
In this section, we outlined the background study of TrasferGo. How the startup is revolutionizing in the remittance industry?
History of the Company
TransferGo is a UK based international remittance company founded in 2012. Justinas Lasevičius, Daumantas Dvilinskas, Arnas Lukoševičius, and Edvinas Šeršniovas launched TransferGo on September 18, 2012. Likewise, TransferGo allows its users to send money across the country without paying excessive transaction fees to banks.
TransferGo service is licensed under the Financial Conduct Authority (FCA) and can transfer money overseas with the help of a digital account-to-account business model. Even more, TransferGo uses a digital account-to-account business model.
What’s Unique about TransferGo?
Most importantly TransferGo stands out from the rest due to its low charge than banks while transferring money across the country. The company charges a small fixed fee and currency conversion fees of 0.6% to 1.5%.
Why do you need to look forward to TransferGo?
Currently, TransferGo provides its service in 45 European countries. The company has raised $41 million in Series C funding from its investor U-Start to expand into more markets. With more funds and an increase in migration rate, the company is looking to grow into more markets in the near future.