TransferGo

What is TransferGo Africa?

TransferGo Africa is a leading International Money Transfer Operator (IMTO) dedicated to simplifying cross-border payments for individuals and businesses. Founded in 2012, TransferGo began as a solution to the founders’ frustrations with slow, expensive remittance services.

Today, it serves over 8 million customers globally, with a strong focus on African markets like Nigeria, Ghana, Kenya, and Morocco .

Mission & Core Services

● Mission: To empower migrants and businesses by making international transfers cheaper, simpler, and faster. TransferGo Africa champions financial inclusion, ensuring that every hard-earned dollar reaches its destination with minimal friction .

● Global Reach: Operates in 160+ countries, supporting transfers to major African corridors like Europe-to-Nigeria and UK-to-Ghana .

● Innovative Model: Uses a digital account-to-account system to bypass traditional banking intermediaries, slashing costs and processing times .

Whether you’re supporting family, paying bills, or growing a business, TransferGo Africa ensures your money arrives safely, swiftly, and affordably.

Who Owns and Operates TransferGo Africa?

TransferGo Africa is part of TransferGo, a fintech pioneer founded in 2012 by a team of entrepreneurs who experienced the pain points of cross-border payments firsthand. Key leadership includes:

● Daumantas Dvilinskas (Co-founder & CEO): A Forbes 30 Under 30 honoree (2017), driving the company’s vision of borderless finance .

● Marius Nedelcu (CMO): Leads initiatives like partnerships with High Impact Careers to upskill African migrants in tech .

Strategic Partnerships

● Collaborates with 30+ global banks and fintechs, including Thought Machine, to enhance payment infrastructure .

● Regulated by the UK Financial Conduct Authority (FCA) and HMRC, ensuring compliance and trust .

How Does TransferGo Africa Work?

Sending money with TransferGo Africa is simple and user-friendly:

Step 1: Sign up for a free account online or via the app.

Step 2: Enter the recipient’s details (bank account, mobile wallet, or cash pickup location).

Step 3: Choose a transfer method and confirm the transaction.

What Are the Fees and Exchange Rates?

TransferGo Africa prioritizes transparency and affordability:

● Low Fees: Save up to 90% compared to banks, with fees starting at 0.5% .

● Competitive Exchange Rates: Rates match or beat the mid-market rate, with no hidden margins .

● Free Transfers: Opt for slower transfers (1-3 days) at zero cost .

Loyalty Programs: Frequent users enjoy discounts and priority support.

How Fast Are Transfers with TransferGo Africa?

Speed is a cornerstone of TransferGo Africa’s service:

● Instant Transfers: 90% of payments arrive in under 30 minutes via mobile wallets or card-to-card .

● Bank Transfers: 1–2 business days, depending on the recipient’s country .

Factors Affecting Speed

● Bank Processing: Delays may occur during weekends or holidays.

● Regulatory Checks: Compliance with local AML laws ensures security but can add minor delays.

Fast-Track Options: Pay a small premium for same-day processing.

Is TransferGo Africa Secure and Regulated?

Your security is non-negotiable:

● Encryption & 2FA: All transactions use 256-bit SSL encryption and two-factor authentication .

● Regulatory Compliance: Licensed by the FCA (UK) and adhering to FinCEN (US) and Central Bank regulations in Africa .

● AML/KYC Measures: Rigorous checks to prevent fraud, including ID verification and transaction monitoring .

Which Countries and Payment Methods Are Supported?

Global Coverage with African Focus

● Key Corridors: UK → Nigeria, Europe → Ghana, UAE → Kenya.

● Supported Countries: Nigeria, Ghana, Morocco, Senegal, Uganda, and 35+ others .

Payment Methods

● Debit/Credit Cards (Visa, Mastercard)

● Bank Transfers (SEPA, SWIFT)

● Mobile Wallets (M-Pesa, MTN Mobile Money)

● Cash Pickup (15,000+ locations in Africa)