TransferMate - FinTecBuzz

TransferMate Applies for Bahrain License to Expand Middle East Reach

August 14, 20254 min

TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service (IaaS), has today announced it has submitted its application for a representative office license in Bahrain as it accelerates its expansion across the Middle East. This means partners and their customers doing business in Bahrain will be able to access TransferMate’s full suite of services – including payments, receivables, and stored funds globally, subject to regulatory approval. This will simplify cross-border transactions, enhance cash flow visibility,...

by BusinessWire

Payments

TransferMate Secures $70m Funding Round

May 23, 20225 min

TransferMate, the world’s leading provider of B2B payments infrastructure as-a-service, today announced a $70M funding round bringing the company to a valuation of $1BN and $130M of total funding. Railpen, one of the largest UK pension funds, managing £37 billion, participated in the round. TransferMate has grown its global licensing infrastructure and banking network to be one of the widest in the industry and has been chosen as the partner of choice to power B2B...