ABOUT
TRANSFERMATE

Powering global payables and receivables for the world’s biggest brands.

An image of Gary Conroy, TransferMate CEO, and Terry Clune, Founder

who is transfermate?

TransferMate is the leading provider of embedded B2B payments infrastructure-as-a-service. We make international payments seamless, fast, and cost-effective for businesses of all sizes, by owning and operating the world’s largest fintech payments network, comprised of 92 licenses.

Our cutting-edge technology eliminates the hidden costs and inefficiencies of traditional banking making payments better for everyone. Established in 2010 by Terry Clune, TransferMate has since become a billion-dollar business and has won countless industry awards.

200+
Countries and Territories
140+
Covered Currencies
30+
Virtual Account Currencies
92
Licences
MEET THE TEAM

our experts,
your solutions

Our product and commercial team will work with you to create a solution that delivers brilliance for your clients.

"That's what we're about in TransferMate - helping our partners look really good and giving their customers a seamless solution."

what does transfermate do?

TransferMate helps businesses move money across borders with:

Faster Payments

Skip the delays of international banking thanks to our extensive proprietary network.

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Lower Costs

Reduce international transfer and foreign exchange fees with preferential rates.

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Seamless Integrations

Embed our infrastructure directly into your platform and offer all of our benefits to your clients.

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OUR HISTORY

2025 YTD

– Gary Conroy is appointed as CEO of TransferMate

2023

– New embedded payments solution for Banks & FIs launched
– Secures approval as an Electronic Money Institution from the Central Bank of Ireland
– Partnerships announced with Barclays, XTransfer, ConnectPay, Moin, Lightnet, Paradigm Sports and Grovara
- Commences offering e-money in Australia and New Zealand

2022

– TransferMate secures Unicorn status
– Collectively, Railpen and Marshall Wace invest USD$70 million in TransferMate
– Partnerships announced with Leeds United and Haas F1 team
- TransferMate secures license as a Money Service Business in the Philippines

2021

– TransferMate secures license as a Money Service Business in Malaysia

2020

– Expands into North America with Mexico license approval
– Partnership with TouchNet to solve university payment challenges
- Secures license from Dubai Financial Supervisory Authority
- Secures MSB license in Canada

2019

- Sineád Fitzmaurice is appointed as CEO
– Partners with Wells Fargo, Coupa Software and Accounts IQ
– Payments API solution for business launched
- Secures Australian Finacial Services License from ASIC
- Secures Electronic Money License in the UK from the Financial Conduct Authority

2018

– ING invests $21 million in TransferMate
– Partnership with SAP Concur announced
- TransferMate purchases Swiss FX payments firm, "Devisenwerk"

2017

- Terry Clune is appointed as CEO
– AIB invests €30 million in TransferMate
– Reaches $10 billion in total transactions
- Awarded International Payroll Provider of the Year by the GPA

2015

– TransferMate reaches $5 billion in total transactions
- Becomes partner with Quickbooks
- TransferMate receives Spider Award

2013

– TransferMate secures approval to act as a collection agent in India

2012

– Opened our first U.S. office in Chicago

2011

– TransferMate launches partnership with Sage
– Secures payment-institution licenses for Europe and Australia
- Barry Dowling is appointed as CEO

2010

- TransferMate is founded by Terry Clune

Our Investors

We have attracted major strategic investments from leading banks such as ING Group N.V., Allied Irish Bank, and Railpen, who have cumulatively invested over €120 million in our team and technology.

Our Leadership Team

Terry Clune
Co-Founder & Executive Chairman
Gary Conroy
Chief Executive Officer
David Hughes
Chief Commercial Officer
Brid Saruwatari
Chief Financial Officer
Una Downey
Head of Treasury
Brian Calnan
Chief Operations Officer
Alex Clements
Head of AML
Margaret Corrigan
Chief Information Security Officer
Maurice Murphy
Corporate In-House Legal Counsel
Sinéad O'Neill
Chief Marketing Officer
David Kinnear
Head of HR
Barry Henderson
Head of Internal Audit

Our AWARDS

who we work with

We power global payments for some of the world’s leading brands, processing $70BN in funds each year.

Our culture

Our team is dedicated to delivering the best possible experience for our partners and customers. We know that a happy team is one that performs at the highest level.
Our #OneTeam ethos encourages mutual support, respect, recognition, and rewards.

FAQs

Frequently Asked Questions

If you have any questions, please reach out to our team - we're always happy to talk.

Can I make both domestic and international payments?
How is TransferMate Regulated?
What happens if TransferMate goes out of business?
How does TransferMate reduce the costs of payments?
How long does a TransferMate transaction take?
How much does TransferMate charge for transactions?

WHAT OUR CLIENTS SAY

… The collaboration results in real value for Wells Fargo customers.

We’ve increased our revenue by 2-3% and chase payments 20-30% less now

…We’ve been able to build something great.

We are proud to call TransferMate a partner…

…the transparency from the {TransferMate} team has been really good.

They’re someone you can trust.

HAVE ANY QUESTIONS?

Get in touch with the team.

Contact Us