TransferGo raises €3.1m from investors

Daumantas Dvilinskas
DELFI / Šarūnas Mažeika

“We are very proud and happy that despite Brexit and the huge market volatility, we’ve managed to serve our customers without any friction last week,” TransferGo’s CEO and co-founder Daumantas Dvilinskas told the Memo.

Stockholm-based Vostok Emerging Finance made the investment in TransferGo saying they had been waiting patiently to make such an investment and hadn’t been put off by the current political and economic climate in Britain.

TransferGo said the investment would be used to accelerate their international expansion, letting them support more countries and currencies.

“We believe that this [investment] is an important step for TransferGo en route to becoming a global fintech brand,” he said.

Dvilinskas believes Brexit will not have a negative effect on the company which has its headquarters in London.

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