• Finery Markets

  Participated · Seed · Nov 2022

  Finery Markets operates an over-the-counter multi-dealer electronic marketplace and provides trading solutions for institutional participants in crypto markets. The platform offers pre-trade and post-trade functionality, price intelligence, full trade transparency, settlement flexibility, market and counterparty risk controls, and reporting tools. It has served clients since 2019 and enables 70+ businesses working with digital assets to access deep liquidity pools from global providers. The platform is available as a white-label solution for prime brokers, OTC desks and exchanges seeking to develop low-touch client businesses. Led by CEO Konstantin Shulga, the company intends to use newly raised funds to accelerate platform growth and diversify its client base.

• TransferGo

  Participated · Series C · Sep 2021

  TransferGo is a U.K.-based fintech that operates a consumer platform for global remittances, emphasizing fast, consumer-centric transfers. Its product promises around 90% instant settlements and 24/7 instant capability, and the company highlights user-facing features such as strong Trusted Reviews. Management says the business has been profitable over the past year, with limited burn mainly from marketing, and still holds proceeds from its prior funding. TransferGo plans to use new capital to accelerate expansion across the Asia‑Pacific region and win customers from incumbents. The company faces competition from large players like Western Union as well as newer challengers such as Remitly and Wise. TransferGo has addressed regulatory issues after receiving a €310,000 fine from the Bank of Lithuania for AML failings and reports it closed procedural gaps and received positive feedback following mediation. TransferGo is a UK-based money transfer fintech founded in 2012 that connects more than 3.5 million customers across 160 markets. The company focuses on remittances and cross-border payment options for migrants and international senders. TransferGo recently completed a €6 million secondary share sale to bring in Nordic and Baltic investors and to support its expansion. The firm plans to scale its workforce, open new offices, launch new send and receive markets, and build additional pay-out options. TransferGo announced a $50 million Series C in September of the prior year and cites the World Bank estimate that the global remittance market is worth over $500 billion. CEO Daumantas Dvilinskas said the transaction both returned capital to stakeholders and strengthened the company’s position for further expansion and payment innovation. TransferGo is a cross-border remittance service that connects 3.5 million customers across 160 markets. It has processed over 13.5 million international and local transactions, representing roughly USD 6 billion in aggregated volume. The company has demonstrated consistent 80% year‑over‑year growth since launch. Since launching in 2012, TransferGo has grown to a workforce of over 200 people. The new funding is intended to expand the customer base across Europe and further develop the product offering to support ambitious growth targets. VEF describes TransferGo as one of its early investments and its third-largest holding, reflecting continued investor support. TransferGo began in 2012 as a money-transfer service and has since shifted its focus to real-time cross-border payments and remittances. The platform serves consumers, SMEs and enterprise clients and now has over 2.5 million customers. The company offers instant payments and has expanded its geographic reach, announcing launches in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo recently partnered with Visa to enable global pay-out to cards. Management (CEO and co-founder Daumantas Dvilinskas) is pursuing further international expansion. Financially, the company has completed multiple financings this year to support growth and market entry. TransferGo is a London-based international money transfer service founded in 2012 that focuses on fast remittances, primarily serving migrants who send money home. It positions itself as one of the fastest services, offering cross-network transfers and claiming to guarantee pan‑European deliveries within 30 minutes. The product features multiple pricing tiers (free/low-cost for slower transfers and paid options for guaranteed arrival times) and a white‑label "Remittances as a Service" API for MSBs, banks and marketplaces. TransferGo says it has surpassed two million customers and facilitated more than seven million transactions. The service can send money to over 65 destination countries and from 33 origin countries, and the company has launched in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo reported 30% growth over the COVID‑19 lockdown period and a significant uptick in daily remittances, with fast growth in markets such as India, Turkey, Ukraine and Nigeria.

No current team members are available.