TransferMate

TransferMate

Global B2B cross-border payments platform

Overview

TransferMate is a global B2B payments technology firm that helps businesses send and receive cross-border payments more quickly and easily. It combines a large portfolio of licenses (covering 200+ countries and territories, 140+ currencies, and 92 licenses) with technology and access to a global banking infrastructure. Its platform integrates directly into customers’ accounting and ERP systems to enable payments in the right currency with better rates, more transparency, and easier reconciliation. It differentiates itself through its extensive licensing footprint and partnerships with banks, fintechs, and software providers, with a goal of simplifying cross-border payments for business customers through faster transfers, better terms, and smoother reconciliation.

About TransferMate

Simplify's Rating
Why TransferMate is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$126.1M

Headquarters

Kilkenny, Ireland

Founded

2011

Simplify Jobs

Simplify's Take

What believers are saying

  • TransferMate partners with Cadana and Cerdivo for U.S. payroll across 160+ countries in March 2026.
  • TransferMate integrates with SAP Multi-Bank Connectivity for ERP-embedded payments in 2025.
  • TransferMate expands APAC via Deutsche Bank partnership for local collections in June 2025.

What critics are saying

  • SAP prioritizes Nium and Rapyd, sidelining TransferMate and dropping 20-30% ERP revenue in 6-12 months.
  • Deutsche Bank APAC risks revoke 15-20% of TransferMate's licenses in 6-12 months.
  • Fexco's PayPal partnership diverts UK/EU merchant volumes from TransferMate in 12-18 months.

What makes TransferMate unique

  • TransferMate operates world's largest fintech payments network with 92 licenses across 200+ countries.
  • TransferMate certified by Amazon across 13+ marketplaces and SAP S/4HANA in 2024.
  • TransferMate approved Payment Service Provider for Amazon marketplace sellers.

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Funding

Total Funding

$126.1M

Above

Industry Average

Funded Over

3 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

Flexible Work Hours

Paid Vacation

Parental Leave

Life Insurance

Bereavement Leave

Mental Health Support

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

2%
Enterprise Ireland
Mar 1st, 2026
New York Stock Exchange turns green, Irish companies signal Major U.S. Expansion.

New York Stock Exchange turns green, Irish companies signal Major U.S. Expansion. 18th March 2026 Enterprise Ireland Marks Record Levels of Irish Business Growth in the U.S. as Wall Street Celebrates the Depth of the Ireland-U.S. Partnership The New York Stock Exchange marks Ireland Day and separately JP Morgan's iconic building turns green to host Irish and U.S. business leaders, a powerful symbol of the depth of the Ireland-U.S. partnership. New York is the #1 hub for Irish expansion in the U.S., capturing 38% of all new Irish market entries, driven by Fintech and AI. TransferMate signs landmark U.S. partnerships with leading Financial Institutions and Global Payroll, including Cadana and Cerdivo, advancing Ireland's leadership in global B2B payments infrastructure. Fexco's payUnite launches strategic PayPal partnership and unveils next-generation agentic commerce payments platform. Granite, Ireland's largest independent digital agency, agrees acquisition of Creative Media, targeting $40m in revenues by 2027. FinReg's QMCore named one of Accounting Today's Top New Products for 2026, now serving 10 of the Top 30 U.S. audit firms in just seven months. As the New York Stock Exchange turns green today to mark St. Patrick's Day, Enterprise Ireland, the Government of Ireland's trade and innovation agency, announces record levels of Irish business growth in the United States. Enterprise Ireland supported close to 100 Irish companies to establish new presences in the U.S. in the past two years, with New York being the primary gateway to America. Irish ambition in the U.S. is moving at pace. Leading Irish companies have secured landmark deals with major U.S. corporates including PayPal, spanning payments technology, digital services, financial compliance, and professional services. TransferMate is redefining global payroll payments infrastructure through a new U.S. partnership with Cadana; Fexco is shaping the future of agentic commerce through a strategic alliance with PayPal; Granite is accelerating its North American expansion through the agreed acquisition of Creative Media; and FinReg has secured partnerships with 10 of the Top 30 U.S. audit firms in just seven months. The Irish-U.S. business relationship takes centre stage in New York today with two landmark celebrations. The New York Stock Exchange marks Ireland Day, while separately, JP Morgan's iconic headquarters turns green as the global investment bank hosts a reception bringing together Irish and U.S. business leaders. Together, they are a powerful reflection of the depth and commercial significance of the Ireland-U.S. partnership. Minister for Enterprise, Tourism and Employment of Ireland, Peter Burke TD said: "Today's announcements are a powerful demonstration of Irish enterprise at its most dynamic. From payments infrastructure to digital services and financial compliance technology, Irish companies are not just entering the U.S. market, they are partnering with major American companies to drive the next wave of innovation, further accelerating the growth of both Irish investment and job creation in the U.S." The U.S. market is the leading destination for Irish global expansion, accounting for 16% of all new global presences established by Enterprise Ireland client companies in 2024 and 2025, with close to 100 companies entering the U.S. market in the past two years. U.S. demand for Irish innovation reached new heights in 2024, with Enterprise Ireland client exports growing 8% to €6.66 billion. New York is the primary anchor hub, capturing over 38% of all new Enterprise Ireland clients' U.S. market entries. San Francisco, Austin, and Seattle collectively represent a further 44% of the new Irish footprint in the United States. Kevin Sherry, Executive Director of Enterprise Ireland, said: "Enterprise Ireland is proud to support and champion Irish companies as they bring transformative technologies to the U.S. market with innovations that are driving real operational efficiencies for Corporate America. New York is one of the many locations in the U.S,, where Irish ambition meets American opportunity, and today's milestones are a powerful illustration of that. TransferMate is redefining global payroll payments infrastructure. Fexco is shaping the future of agentic commerce. Granite is building a world-class digital agency with the U.S. at its centre. And FinReg has achieved in seven months what others take years to accomplish in the U.S. audit market. These companies represent a new generation of Irish enterprise: agile, innovative, and deeply committed to delivering a competitive edge for their U.S. partners. "St. Patrick's Day is more than a cultural celebration, it is a unique platform to showcase the impact of Irish companies, and their investment in the U.S. economy, deepening relationships and putting Ireland's commercial strengths front and centre across America. This year, Enterprise Ireland will host over 70 events across 32 cities globally, with 34 in the U.S. alone, connecting Irish companies with the customers, partners, and investors that will define their next chapter of growth." Enhancing American Competitiveness Irish companies serve as vital catalysts for American efficiency. By partnering with Corporate America to deliver transformative technologies, Irish firms provide U.S. businesses with a distinct global edge: TransferMate: Three New U.S. Partnerships Signal Global Payroll Leadership TransferMate, the world's leading provider of embedded B2B payments infrastructure, today announced landmark U.S. partnerships cementing Ireland's position at the forefront of global payments technology. TransferMate owns the largest E-Money / payment license network of any fintech, regulated in 93 jurisdictions, owning 100 licenses. With a network that spans 200+ countries and territories. Cerdivo names TransferMate as exclusive payments partner for Oracle payroll customers, delivering end-to-end payroll payment services across 160+ countries. Cadana partners with TransferMate to expand payroll payments and statutory remittance capabilities across 140+ countries, with particular strength in Latin America, Africa, and Asia-Pacific. Fexco: PayPal Partnership and Next-Generation Agentic Commerce Platform Fexco's payUnite announces a strategic partnership with PayPal, enabling merchants to offer PayPal Checkout and PayPal Pay Later directly through the payUnite platform. payUnite holds a 40% share of the global cruise payments market and is now expanding into U.S. hospitality, airlines, and retail. Fexco unveils its next generation of agentic commerce payments products, positioning Ireland as a strategic leader in conversational commerce as AI reshapes consumer payment behaviour. Fexco Group CEO Neil Hosty said:" As a country with strong fintech and AI ecosystems, Ireland has a strategic opportunity to lead in a new class of economic activity - conversational commerce. We are proud to lead in the development of agentic payment technology, and today's partnership with PayPal through payUnite is a powerful signal of where payments is heading." Granite: Ireland's Largest Digital Agency Agrees Major U.S. Acquisition Granite, Ireland's largest independent digital agency, agrees acquisition of Creative Media, a performance marketing specialist with a 25-year track record across the U.S. and Canada, targeting $40 million in revenues by 2027, with North America accounting for half of overall revenues. Backed by $10 million in BGF growth capital, the deal follows a 400% year-on-year increase in organic North American revenue. Creative Media founder Marcus Isherwood joins as Chief Revenue Officer; Joy Marcus recently appointed Non-Executive Chair. Granite's 200+ specialist team serves enterprise clients including Workvivo by Zoom, Sysco, Iron Mountain and Aer Lingus across four continents. FinReg: Top-Ranked U.S. Audit Technology in Just Seven Months FinReg's QMCore named one of Accounting Today's Top New Products for U.S. audit firms, February 2026. In just seven months, FinReg has sold QMCore to over 20% of the Top 100 U.S. audit firms, including 10 of the Top 30. FinReg is a CPA.com Preferred Partner for quality management, expanding QMCore's reach across CPA.com and AICPA's network of U.S. account firms and industry groups. A Robust Outlook for Irish Investment in the U.S. Today's announcements build on a strong pipeline of Irish capital investment already committed to the United States. Smurfit Westrock, Kingspan, and Glanbia have collectively signalled over $6 billion in capital investment commitments in the U.S. through 2030. Applegreen, the largest highway service area operator in the U.S., is deploying $70 million in Colorado to open four new service areas this year, creating 400 jobs, building on over €1 billion invested in the U.S. since 2014 across its 110-site national network of 7,000 employees. And Tines, the Irish-founded intelligent workflow leader, will create 100 new high-value jobs in the U.S. over the next 12 months, a 42% increase in its U.S. headcount, underscoring that Irish enterprise is not just investing in the U.S., it is growing with it. For further information, please contact: Marika MacCarvill Senior Communications Manager - Ireland & International About Enterprise Ireland Enterprise Ireland is the Irish Government trade and innovation agency responsible for the development and growth of Irish enterprises in world markets. Enterprise Ireland supports Irish companies to start, grow, innovate and win export sales in global markets, thereby creating jobs and sustaining economic growth. Enterprise Ireland has 42 international offices, including 7 in the U.S., helping Irish companies enter and scale international markets and work with international companies to source world-class Irish delivery partners. www.enterprise-ireland.com

Reporter Byte
Nov 26th, 2025
Devyzz Sport Teams Up with TransferMate to Deliver Custom Global Payment Services for Elite Athletes

Devyzz Sport teams up with TransferMate to deliver custom global payment services for elite athletes. Devyzz Sport, the bespoke platform designed to meet the specialised financial requirements of elite athletes, has announced a strategic partnership with TransferMate, the global leader in embedded B2B payments infrastructure as a service (IaaS). The collaboration will introduce seamless, transparent and cost-efficient cross-border payment capabilities tailored to the international careers and lifestyles of professional athletes. In an environment where leading athletes live, work and earn across multiple countries, the partnership enables Devyzz Sport to integrate TransferMate's award-winning payments, receivables and stored-funds technology. This will help clients optimise their earnings and investment strategies without being constrained by outdated or fragmented financial systems. The agreement will support fast, frictionless transfers across jurisdictions, removing hidden costs and lowering FX expenses for athletes who often generate income and maintain commitments in several currencies throughout their careers. "Athletes live a unique reality. I've played in five countries and know first-hand how challenging it is to manage finances when your life moves across borders," said Sébastien Haller, international footballer and Co-Founder of Devyzz Sport. "Our partnership with TransferMate means our clients can focus on performance, knowing their money is moving securely, quickly, and at the best possible rates - wherever they are in the world." TransferMate's technology and international regulatory framework - spanning 92 jurisdictions and supported by 99 payment licences - will underpin Devyzz Sport's global service offering, ensuring the speed, transparency and compliance required by top-tier athletes. Gary Conroy, CEO of TransferMate, added: "We're excited to partner with Devyzz Sport to support the world's top athletes. Their financial lives are complex, fast-moving, and international by nature, exactly the environment our technology is designed for. Together, we're setting a new standard for how athletes manage their earnings on a global scale." With the world's largest fintech payments infrastructure, TransferMate brings significant scale to Devyzz Sport's ambition to transform financial services within the sporting sector. The partnership marks a major step in delivering human-centred, technology-led financial solutions for a new generation of highly mobile, high-performance professionals.

Fintech News Switzerland
Nov 11th, 2025
TransferMate Partners with SAP to Streamline Cross-Border Payments

TransferMate partners with SAP to streamline cross-border payments. TransferMate, an Ireland-based provider of embedded B2B payments infrastructure-as-a-service (IaaS), has partnered with Germany's SAP to offer cross-border payment services to businesses using SAP solutions. Through the partnership, TransferMate acts as a non-bank payments provider integrated with SAP Multi-Bank Connectivity, enabling businesses to process international payments directly within their SAP Cloud ERP or SAP S/4HANA Cloud environments without relying on external platforms. SAP Multi-Bank Connectivity allows SAP Cloud ERP and SAP S/4HANA Cloud users to link with payment providers to send and receive funds securely. The integration gives businesses access to TransferMate's services for global payables, receivables, and stored funds within the SAP environment, supporting the efficient movement of international funds through a regulated network. Selected to facilitate international payments, TransferMate provides a scalable, integrated B2B payments solution that supports companies' digital operations and financial management needs.

Investors Hangout
Nov 10th, 2025
TransferMate Teams with SAP for Enhanced Payment Solutions

TransferMate teams with SAP for enhanced payment solutions. TransferMate collaborates with SAP for payment innovation. In a groundbreaking partnership, TransferMate has teamed up with SAP to deliver advanced cross-border payment solutions to businesses leveraging SAP's robust software. This collaboration allows TransferMate, a recognized authority in the embedded B2B payments sector, to provide non-bank payment services seamlessly integrated with SAP's Multi-Bank Connectivity. Enhancing business transactions globally. With this partnership, businesses utilizing SAP Cloud ERP or SAP S/4HANA Cloud can now manage their international payments more effectively. The integration facilitates direct interactions with TransferMate's comprehensive suite of payment solutions, eliminating the reliance on external payment platforms. Designed for ease of use, the SAP Multi-Bank Connectivity solution empowers users to send and receive funds with greater efficiency. By marrying sophisticated technology with practical financial solutions, this collaboration aims to streamline the cumbersome processes often associated with managing global transactions. Simplifying cross-border payments. TransferMate is positioned as a pivotal player in facilitating international payment workflows. The partnership aims to support businesses in their digital transformation journeys by offering a fully integrated B2B payments solution that meets the increasing demand for global financial operations. The alignment with SAP not only facilitates easier and safer transactions but also showcases TransferMate's unwavering dedication to simplifying financial processes for companies worldwide. This step is a significant leap towards enhancing treasury operations and streamlining payment functionalities. About TransferMate. TransferMate is distinguished as a leader in embedded B2B payments technology, catering to a diverse array of clients including businesses, software firms, and financial institutions. Through its innovative approach, TransferMate is dedicated to improving global receivables and payment solutions. What sets TransferMate apart is its extensive E-Money and payment license network, covering 92 jurisdictions across the globe with 99 licenses. This extensive regulatory compliance solidifies TransferMate's reliability in the fintech space, reinforcing its capability to meet clients' needs effectively. Frequently asked questions. What services does TransferMate provide? TransferMate provides embedded B2B payments technology, helping businesses manage global payments, receivables, and accounts with ease. How does the partnership with SAP enhance payment processes? The partnership streamlines cross-border payment processes by integrating TransferMate's services directly into SAP's financial systems, improving efficiency. Why is non-bank payment provision important? Non-bank payment providers like TransferMate can often deliver faster, more cost-effective solutions that cater to the specific needs of businesses compared to traditional banks. What technology does TransferMate use? TransferMate utilizes a secure and regulated payments framework, combined with advanced technology to facilitate seamless cross-border transactions. In what regions does TransferMate operate? TransferMate operates in 92 jurisdictions, supported by a network of 99 E-Money and payment licenses, ensuring compliance with local regulations. Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices. I am thrilled to contribute my ideas and engage with a lively investor community at Investors Hangout, where I recently joined the team. My mission is to make finance interesting and approachable so you may take charge of your financial future. I appreciate you coming along on this path to success and financial knowledge. Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to [email protected]. About Investors Hangout. The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact Investors Hangout, LLC for corrections.

FinTech BoostUP
Oct 14th, 2025
Quidkey and TransferMate drive down card costs for merchants

Quidkey and TransferMate drive down card costs for merchants. Quidkey, a leading fintech in account-to-account (A2A) payments, has chosen TransferMate, the world's leading provider of embedded B2B payments infrastructure as a service (IaaS) to significantly reduce credit card transaction fees for both domestic and international payments. Through this embedded solution, both companies will harness Open Banking technology to replace costly card rails with a faster, more efficient model of payments. TransferMate's global network of payments, receivables, and local accounts will power Quidkey's merchant offering, enabling instant or near-instant settlement in domestic markets and accelerated cross-border payments worldwide. Founded in early 2023, Quidkey has quickly established itself as a trusted provider of next-generation A2A payments. Leveraging AI-powered bank prediction, instant settlement, and a streamlined user experience, Quidkey enables merchants to lower transaction fees and improve checkout efficiency. Its growth in the UK and EU is now being accelerated into North America, supported by TransferMate. "At Quidkey, we believe account-to-account payments are the future of commerce," said Rob Zeko Co-Founder & CEO of Quidkey. "TransferMate allows us to bring that future to merchants and consumers on a global scale. By combining Open Banking innovation with TransferMate's regulatory reach and trusted infrastructure, we're creating a payments model that is faster, fairer, and built for growth." For merchants, the solution means a reduced dependency on expensive credit card processing, faster settlement cycles, and the ability to expand into new regions with confidence. For consumers, it means a seamless checkout experience with reduced fraud and lower embedded costs, whether they're paying locally or cross-border. "Merchants want lower fees and faster settlement. Together with Quidkey, we'll deliver both," said Gary Conroy, CEO of TransferMate. "The result will be materially lower costs than traditional card processing, quicker access to funds, and a smoother experience for merchants and consumers in every market Quidkey serves now, and where they expand to in the future." The Open Banking market is forecast to grow from $35 billion in 2025 to $94 billion by 2029 and $180 billion by 2032. With Quidkey's next-gen payments innovation and TransferMate's largest fintech payments infrastructure in the world, this positions both companies to lead in a rapidly expanding sector.

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