Transfermate, an Irish B2B payment FinTech, has reached unicorn status.
In Brief:
TransferMate provides B2B payments infrastructure as a service.
It has gained $70mn funding in its latest round.
The round included pension fund Railpen.
What does this mean?
Following the funding round TransferMate now has a valuation of US$1bn. It aims to use the fresh funds to expand its teams globally and expand its innovation and product suite.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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