TransferGo, a money transfer FinTech, has raised £37mn in Series C funding.
In Brief:
The round was led by Elbrus Capital Fund III and Black River Ventures.
It also included Unlimint as well as existing investors Hard Yaka, VEF, SmartHub and Milano Investments.
TransferGo currently has around 3.5mn customers across 160 markets.
What does this mean?
The business is aimed at helping migrants transfer money internationally, and its new funding aims to help expand that customer base.
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