TransferMate, a global B2B payments technology firm, announced a $70 million funding round bringing the company’s total funding to $130 million and a valuation of $1 billion. TransferMate has built one of the largest worldwide licensing infrastructures and banking networks in the business, and has been chosen to enable B2B payments products for some of the world’s top software platforms, innovative banks, and fintechs. With this latest round of funding and a $1 billion valuation, TransferMate cements its position as the world’s most complete independent B2B payments network. It enables businesses and individuals to make cross-border payments in more than 201 countries and 141 currencies as conveniently and cost-effectively as domestic funds transfers, with complete transaction transparency all the way through final reconciliation.
TransferMate Secures $70m Funding Round to Accelerate Innovation in B2B Cross-Border Payments and Expand Its Global Presence; Company Valued at $1BN | Business Wire