← State of Embedded Finance 2026

TransferGo

Can a migrant-focused remittance app evolve into a full multi-currency banking platform for cross-border individuals and SMBs?

Founded2012
HQLondon, United Kingdom
IndustryFintech / Cross-border payments
The story

Founded in 2012 as a low-cost remittance service competing on the migrant-corridor segment (UK→Poland, Romania, Ukraine, Lithuania). Has gradually expanded from pure remittance into a multi-currency consumer and business account, layering on Visa-issued debit cards (GoCard, 2025) and Griffin-safeguarded GBP wallets with interest-bearing savings for businesses. The strategy is shifting from a single-product remittance app toward a full cross-border financial platform serving 9M+ customers across 160 countries.

Last 12 months
2024-05
2025-05
Product timeline
2012
TransferGo founded as a low-cost international money transfer service for migrants in Europe· launch
2024
Launched Pay by Bank in the UK via partnership with Tink· product
2025
Partnered with Griffin for GBP wallets and interest-bearing savings; launched multi-currency business accounts· banking
2025
Launched GoCard — virtual and physical Visa debit card in the UK· card
Regulated entities
EMI
UK FCA
TransferGo Ltd
EMI
EU (Lithuania)
UAB TransferGo Lithuania
The stack
Payments / PSP
Checkout.comTink (Pay by Bank)
Banking / BaaS
Griffin
Open banking
Tink
KYC
Sumsub
Sponsor bank
Griffin (UK)
FX & payouts
TransferGo (in-house)LHV Pank (EUR vIBAN partner)Santander Bank Polska (PLN vIBAN partner)
Accounting gap: minor