TransferGo launching into new global markets following multi-million figure transactions

Money transfer company TransferGo has completed over five million transaction with its user base continuing to scale.

The company is expanding into new markets including payment routes in Bangladesh, Sri Lanka and Indonesia. This launch into new markets follows TransferGo’s entry into the Indian market, where it has seen a 180 per cent increase in money flow over the last year.

With this in mind, the company has taken on four new people to help expand its services.

Daumantas Dvilinskas, CEO and co-founder of TransferGo, said: “As we continue to grow rapidly and expand our offering into new markets, we needed to ensure we had the right personnel on board to enable us to keep providing one of the best remittance services available.”

Based in London, UK, TransferGo is a remittance company for Europe. In 2018, it announced a fee-free offer - said to be the first free international money transfer service.