Our Story

2018 so far

ING invest €21m in TransferMate for a minority stake and agree a new strategic partnership
Opens New York office
Increases global team by 20%, including appointment of Chief Revenue Officer Australia & Head of Financial Institutions USA
Expands regulatory footprint & product by adding e-wallet functionality

2017

AIB Invest €30m for minority equity stake & agree strategic partnership, giving Irish businesses access to TransferMate's global technology platform
TransferMate processes $10billion in transactions to date
Receives NY approval, completing entire US market reach
Secures partnership with MYOB & Intuit
Completes development of SAP & Oracle API connectors
Opens San Francisco office

2016

Secures first financial services / regulated clients, successfully integrating via open API (e.g. Paysera)

2015

Reaches cumulative $5.0B+ in total transactions processed since 2010
Expanding product suite to allow clients to hedge FX needs with Flexible Spot Contracts

2014

Significant expansion in Australia and the USA

2013

Indian regulation secured for PaytoStudy by RBI

2012

Opens its first US office in Chicago

2011

Payment Institution License granted for Europe-wide activity
Australian regulation secured
Launches "SAGE International Payments", its first white label partnership

2010

TransferMate is founded

Our Team

With thousands of clients booking millions of dollars in money transfers every day our team is dedicated to delivering the best possible experience for our clients. Our customer service lines are open 24-hours Monday to Friday where our clients can book payments and receive advice from one of our dedicated account managers.

Sinead Fitzmaurice FCA, M Inst D –
Co-Founder & CFO

As co-founder and CFO, Sinead is responsible for building TransferMate's robust regulatory and operational infrastructure. Today, TransferMate are proud to have secured regulatory licences throughout Europe, Australasia and every US state, a rare achievement in our industry. Trained and qualified as a Chartered Accountant with Pricewaterhouse Coopers, Sinead has over 20 years' experience in senior risk management roles within financial services.
Sinead is a member of the Institute of Chartered Accountants in Ireland, England and Wales and a member of the Institute of Directors Ireland. Furthermore, Sinead is listed as one of Ireland's Top 100 Most Innovative and Influential CFO's and has also been listed within the Fintech Innovators List 2017.

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Terry Clune Co-Founder

As co-founder of TransferMate and CEO of The Taxback Group, Terry is responsible for overseeing and steering the long-term growth of the company. With a proven track record of scaling market leading financial services businesses across the globe over the past 20 years, Terry focuses on high-growth strategic opportunities, ensuring continual global expansion of TransferMate.
A graduate of Trinity College Dublin, Terry formulated the taxback.com business concept while working in Germany as a student. Terry remains the innovator and driver of the Taxback Group to its present global market leader position, with a presence across 32 countries.
In 2009 Terry was named Ernst & Young Entrepreneur of the Year in Ireland.

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Rafael De La Vega Board Advisor USA

As Board Advisor USA, Rafael brings over 20 years' experience in Fintech and Digital Transformation to TransferMate. Rafael was recently an executive with Intuit Inc. where he led the digital transformation of the QuickBooks online platform to create the largest cloud-based ecosystem in the world for small businesses.
Previously, Rafael held various senior positions at Visa, including VP of Global Vertical Solutions and Head of Global Commercial Products. Rafael developed and pioneered Visa's cloud-based information systems and B2B cross border payment solutions. Rafael also founded Inquvate, a business accelerator specializing in payments and financial technology. Furthermore, Rafael is an advisor and mentor to startups and entrepreneurs.

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