# TransferMate funding: rounds and investors

> TransferMate has raised $130M across 3 rounds since 2017. Investors include ING Group and Allied Irish Banks. Every round with its source.

Source: https://millionrounds.com/company/transfermate (Millionrounds; every figure on the page links to its filing or article)

Ireland · [Series C startup](https://millionrounds.com/companies)

# Who invested in *TransferMate*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

B2B Fintech

Valuation: $1.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$130M** raised across 3 rounds since 2017, from 4 sources

**$35M** Round **$25M** Round **$70M** Series C

- **Latest round:** Series C, $70M May 2022
- **Step-up i:** 2.8×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019 2020 2021 2022

**$35M** Round

**$25M** Round

**$70M** Series C

- **First round:** Round, $35M
- **Biggest round:** $70M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **May 2022** Series C **$70M** No investor was named in the report. Source recorded and 1 other
- **Jul 2018** Round **$25M** *1 new* [ING Group](https://millionrounds.com/fund/ing-group) Reported by FinSMEs
- **Nov 2017** Round **$35M** *1 new* [Allied Irish Banks](https://millionrounds.com/fund/allied-irish-banks) Reported by FinSMEs

## Founders and team

From TransferMate's own website: 1 founder, 12 on the team.

**Terry Clune** Co-Founder & Executive Chairman

- **Gary Conroy** President and Chief Commercial Officer, TransferMate
- **Barry Henderson** Chief Risk Officer
- **Brian Calnan** Chief Operations Officer
- **Brid Saruwatari** Chief Financial Officer
- **Margaret Corrigan** Chief Information Security Officer
- **Owen O Byrne** Chief Product Officer
- **Sinéad O'Neill** Chief Marketing Officer
- **Alex Clements** Head of AML
- **Austin Morrow** Head of Regulatory Compliance
- **David Kinnear** Head of HR
- **Una Downey** Head of Treasury
- **Maurice Murphy** Corporate In-House Legal Counsel

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2017 **Round** 2018 **Series C** 2022 [ING Group](https://millionrounds.com/fund/ing-group) [Allied Irish Banks](https://millionrounds.com/fund/allied-irish-banks)

## Everyone who backed them

[ING Group](https://millionrounds.com/fund/ing-group) Growth equity **1** round

[Allied Irish Banks](https://millionrounds.com/fund/allied-irish-banks) Investment bank **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=transfermate).

## Quick answers about TransferMate

### Who invested in TransferMate?

TransferMate's investors include ING Group and Allied Irish Banks.

### How much has TransferMate raised?

TransferMate has raised $130M across 3 rounds since 2017.

### When did TransferMate last raise?

TransferMate's most recent round was a Series C of $70M in May 2022.

### What was TransferMate's biggest round?

Its most recent round, $70M in May 2022, is also its largest on record.

### Who backed TransferMate first?

TransferMate's first round on record, in Nov 2017, was backed by Allied Irish Banks.

### What stage is TransferMate at?

TransferMate's latest named round is a Series C, in May 2022.

### Where is TransferMate based?

TransferMate is based in Ireland.

## Companies like TransferMate

In the same sector, and raised in the last eighteen months.

[**Fonoa** $170M · May 2026](https://millionrounds.com/company/fonoa)[**Payslip** May 2026](https://millionrounds.com/company/payslip)[**Seapoint** $12M · Apr 2026](https://millionrounds.com/company/seapoint)[**Apex B2B** $1.7M · Apr 2026](https://millionrounds.com/company/apex-b2b)[**Tipple** $4.7M · Sept 2025](https://millionrounds.com/company/tipple)[**NomuPay** $77M · Jun 2025](https://millionrounds.com/company/nomupay)

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