Available in Multilingual Services Money transfers Founded 2009 | Area served Globally Parent The Taxback Group Number of employees 165 | |
Key people Barry Dowling (Co-Founder)
Terry Clune (Chairman)
Sinead Fitzmaurice (Co-Founder) Slogan(s) "A Smarter Way to Send and Receive International Payments" Headquarters Kilkenny, Republic of Ireland Motto "A Smarter Way to Send and Receive International Payments" | ||
Why we trust transfermate o keeffe group
TransferMate is an international payments company launched in 2010 by Terry Clune, Barry Dowling and Sinead Fitzmaurice. It is headquartered in Kilkenny, Ireland and has offices in other cities, including Dublin, London, Paris, Berlin, San Francisco, New York, Toronto, and others. According to the company, over $5 billion has been transferred through TransferMate's systems for an array of clients. TransferMate have their own banking network with accounts in over 50 countries.
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Why we trust transfermate blaze equipment llc
History
TransferMate was launched in 2010 by Terry Clune, Barry Dowling and Sinead Fitzmaurice, a company under The Taxback Group, which consists of 6 other sister companies.
Starting in 2010, the company grew - expanding year on year to 165 employees as of 2016. Instead of using intermediary banks to make transfers, TransferMate set up their own accounts across the world - with 200 accounts in 50 countries according to the company. This allows the company to transfer funds through their own banking network. According to the company, TransferMate is regulated in Europe, Australasia, Canada and state-wide in the United States.
The company invested in their technology to create a 24/7 online FinTech system to allow their customers to make money transfers online. TransferMate created software that would allow them to receive funds locally and then also make payments locally too, eliminating the need for intermediary banks and significantly reducing international transfer fees. TransferMate’s software, which was developed in-house, was incorporated into other accounting provider software systems like MYOB, QuickBooks, XERO, Sage, NetSuite and SAP. These add-ons are intended to allow businesses to "streamline payments and eliminate double entry between banks and their business systems".
Recognition
The company and software have won a number of awards, such as the Big Innovation Award 2016 for Most Innovative Payment Solutions, eirSpiders 2015: Best in Financial Services, 2016 USA-Ireland Research Innovation Award, and Financial Innovation Awards 2016 in London