Since its start in 2012, TransferGo has been revolutionizing international money transfers. It was founded by Daumantas Dvilinskas and his partners, who were frustrated with the hassle of sending money across borders. Initially targeting individual clients, TransferGo has found its services increasingly popular among businesses, especially for business transactions.
What sets TransferGo apart is its outstanding customer service and its innovative “local in, local out” transfer model, which saves both time and money. Whether using their website or mobile app, clients can easily complete transactions from anywhere – be it at home, at work, or on the go. They promise next business day delivery, and 90% of their transfers are completed on the same day.
One company that has greatly benefited from TransferGo’s services is Humble Grape, a wine merchant based in London that imports its wines directly. Using TransferGo means their customers only pay for the wine they buy, without any hidden fees for agents or importers.
James Dawson, the CEO of Humble Grape, has a great relationship with TransferGo’s founders and is impressed with how user-friendly their service is. He praised the convenience of being able to make payments from anywhere at any time, without relying on the slow and costly services of traditional banks.
Today, TransferGo is a crucial service for wine merchants around the world, offering reliable and cost-effective transfers. Humble Grape alone has saved over £25,000 by using TransferGo and has no plans of returning to traditional bank transfers.
The growing trend shows more businesses looking towards fintech startups for their cross-border money transfer needs. The sector is booming, with investments growing at an impressive rate of 45% annually, and $13.7 billion invested just last year.
Fintech is undoubtedly transforming the international money transfer market. It’s breaking the hold that traditional banks once had, as innovative startups create new ways to save money and provide better lending and borrowing opportunities through online platforms.