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TransferGo raises $10M to expand its remittance business in Asia, doubling valuation
TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million funding round from Taiwan-based investor Taiwania Capital, with a view to growing in the Asia-Pacific region. It last raised a $50 millionSeries C funding round in 2021.
TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. “We’ve been going through inspection and they found some procedural gaps that we closed by the end of the year,” Dvilinskas told me. TransferGo largely competes with market dominator Western Union, but newer upstarts such as Remitly and Wise are also in the competitive mix.
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