Describe the company – the elevator pitch …
TransferMate provides business worldwide with a smarter option than the bank for receiving and paying international money transfers. Having built one of the worlds widest network of bank accounts and regulated licenses, we secure better exchange rates and eliminate bank fees on the sender and receiver side while speeding up payments for business every day.
How are you different?
Think of a bank as part of a chain needed to get a payment from country A to country B.
Your book a payment with your bank, your bank works with another bank and there are fees charged on both sides. TransferMate use a global network of bank accounts to eliminate bank fees. We are on both sides of the transaction. Very few companies worldwide have been as successful in building this infrastructure.
We also integrate with the worlds top accounting software ensuring that our service replaces a lot of the double entry normally experienced when just using the bank.
Companies are losing time and money every time they make an international payment using the bank. Our solution provides a much better alternative to the bank which clients love.
Where are you based? How long will you stay there?
We have a global network of offices however our head office is in Dublin, St Stephens Green
however our main callcentre now employs over 100 staff based in Kilkenny
When was the company launched?
— TransferMate (@TransferMate) August 21, 2015
What have been your biggest wins to date?
Partnership with Sage, MYOB, Xero, Big red book and Intuit.
Securing all of our regulatory licenses is also a big win.
Transferring $5 billion was a major landmark
What type of people (market segment) are you trying to attract to your product?
Companies are our main target audience however we also have individuals using our service every day.
— TransferMate (@TransferMate) August 8, 2015
Tell us about your team?
Our team are a knockout. We have a 24 hour callcentre team catering to a global audience managing everything from onboarding to customer service, marketing, finance and sales. All of our original team are with us which says a lot.
The key founders of the business are Barry Dowling, Sinead Fitzmaurice and Terry Clune.
What are you long term plans for your product / company?
To continue to grow and hit 10billion per year very soon.
We have a great business ready to scale and we all feel that we have the potential to grow x100 very naturally.
What are your favourite tech gadgets?
Unfortunately I am never found far from an iphone. With Smart phones there is just a wealth of information accessible at any time so very hard to put down. Also not forgetting the ipad.
Projector for the iphone is always useful for presentation and movies for the kids in the garden.
Apps such as Hailo , Airbnb and parking-tag are a godsend, great design, easy to use, make life easier. And of course the Transfermate website www.transfermate.com
What tech gadgets do you wish you could use to help you?
A tardis would be a great way to save spending so much time on planes.