UK-based financial technology startup TransferGo has landed $17.5 million in Series B financing.
The round was led by U.S.-based online payment firm Hard Yaka and Bermuda-based investment firm Vostok Emerging Finance. Backers including Revo Capital, U-Start Club, and Practica Capital also participated.
TransferGo will use the capital raised for its international expansion and increase market share particularly across Turkey, India, Ukraine, and Russia and continue to develop new products and services for its customers.
TransferGo has raised a total of $41 million in funding over ten rounds.