15 September 2023, Dublin & Kilkenny, Ireland. TransferMate Global Payments has won the Fintech Company of the Year award at the National Fintech Awards, held in the Mansion House, Dublin, on Thursday evening, 14 September.
The inaugural National Fintech Awards were established to celebrate the exceptional achievements of the entire Irish Fintech industry, recognising those who have demonstrated exceptional innovation, leadership, and growth in this dynamic and constantly evolving sector.
Continuous growth and innovation over more than a decade culminated in TransferMate’s unicorn status in May 2022, following a further $70m investment. TransferMate’s $1bn valuation puts the company among an elite list of only seven Irish unicorns. In 2022, over €18 billion flowed through TransferMate’s products and solutions, up from €7.2billion in 2021, showing 86% year on year growth.
That growth can be seen across the company’s areas of focus, from direct business to strategic partnerships. At its core, TransferMate offers payables, receivables, and stored value solutions. By combining their global, regulated payments network and our technology, businesses can pay and receive across the world easier, faster, more transparently, and more cost-effectively than through traditional methods.
TransferMate’s award-winning Global Accounts solution allows businesses to hold, pay and receive multiple currencies on a single platform, allowing them to trade globally as if they had a local banking presence - In essence, enabling businesses to build and control their own international banking network.
TransferMate’s API integrations, as well as open finance solutions like TransferMate for Banks & FIs, allow partners to ‘upgrade their payment engine’ and offer their end-users the same benefits as TransferMate’s direct clients and are integrated into banks, FIs, fintech’s, ERPs, BSMs, Procurement, Accounting and E-Commerce platforms across the world.
The business’ global impact is reflected in the strategic partnerships it has agreed with companies such as SAP Concur, Coupa Pay, Sage, Quickbooks, AccountsIQ, Wells Fargo, and Barclays.
Commenting on the award, TransferMate CEO, Sinead Fitzmaurice, said:
“We are very proud to be a homegrown company that has become a leading player on the global stage. We continue to expand our suite of solutions for both direct businesses and partners, allowing them to grow alongside us. This success is all down to the work and dedication our people have shown since we were founded, and this award belongs to them.”
TransferMate, founded by entrepreneur Terry Clune in 2010, is part of the CluneTech group of software technology companies. Under the leadership of Clune and CEO Sinead Fitzmaurice, TransferMate has built the world’s most comprehensive independent B2B payments network and is the leading global provider of B2B payments infrastructure as a service. It allows businesses and individuals to make cross-border payments in more than 201 countries and 141 currencies, as easily and cost-effectively as if making a domestic funds transfer, and with complete transparency of the transaction through to the point of final reconciliation.
Terry Clune added:
“We are delighted to be the inaugural recipients of the Fintech Company of the Year award. With incredible progress and innovation happening across the industry it’s fantastic to see indigenous businesses, products and services being recognised in Ireland through this awards programme.”
TransferMate — a subsidiary of software technology group, CluneTech — is the world’s leading provider of B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments faster, easier and at lower cost. Leading banks, fintechs and software providers partner with TransferMate to offer an enhanced user experience for their business customers. The company has created bespoke integrations for banks like ING and AIB, who are also investors in the company. The TransferMate API solution allows partners to digitalize the payments flow within their software, enabling all businesses to achieve significant time and financial savings.
