Co-founder and CFO Sinead Fitzmaurice
Payments company, TransferMate, have been selected as Business & Finance’s Company of the Month for their recent business successes including a major deal to handle all Wells Fargo’s inbound payments into the US.
Kilkenny-based fintech payments company TransferMate have been going from strength to strength ever since the company formed but recent years have seen these accomplishments skyrocket.
Speaking about the most recent Wells Fargo deal, co-founder and CEO Terry Clune said: “With this relationship, TransferMate and Wells Fargo are leading the charge in reducing the friction between borders for international businesses, and those aspiring to expand abroad.
Global Invoice Connect is a prime example of two innovative financial services companies coming together to deliver a powerful new payments technology that helps businesses stay ahead of the curve in an increasingly fast-paced world.
Founded in 2010 by Terry Clune and Sinead Fitzmaurice, TransferMate has catered for the distribution of over $10 billion across the globe. The company has built one of the financial industry’s most extensive networks of payment licences, with licences in all 50 states in the US, and partners with banks, fintech and software providers.
Other recent achievements
Transfermate have had a couple of busy years with recent deals and announcements including ING acquiring a minority stake in TransferMate for €21 million and receiving a €30 million investment from AIB.
Business & Finance, Company of the Month
Business & Finance, in association with KPMG, recognises excellence in business through the ‘Company of the Month’ award. The Company of the Month award recognises the company which best demonstrates outstanding business leadership, sustainable growth, innovative strategy, strong financial returns and employee development.