TransferGo has raised $50mn in its Series C funding round.
TransferGo enables international money transfers, especially remittances.
The round was led by Elbrus Capital Fund III and Black River Ventures.
It brings total raised by the business to $77mn.
What does this mean?
TransferGo was founded in 2012 with the aim of providing fast, secure transactions. It has so far processed 13.5mn international and local transactions worth over $6bn. It aims to keep delivering its product offering across Europe with the new funds.