At TransferGalaxy, we are trying to make the world a little bit fairer. One step at a time. We are democratizing international payments by making remittances cheaper, safer and smarter.
It all started out of frustration in the queue of the local Western Union agent. The queue was long, the fees were high and the flexibility was non-existent. A group of friends lamented.
Some people lament over problems; others try to find solutions. The friends saw an opportunity, and soon thereafter TransferGalaxy was born.
Today, we are still a company full of problem solvers. We use technology to solve problems. With the help of the technology, we can transfer monies to the other side of the world within seconds. Straight to a mobile wallet.
From Stockholm to Mogadishu. From London to Accra. From Berlin to Beirut. It doesn’t matter where in the world you are.
We are making remittances as they should be. For immigrants. By immigrants.
We believe that sending money abroad should be as easy as sending nationally. We work towards that goal every day. This is our story:
The founders grew tired of queuing at the local Western Union agent. With a firm belief that remittances could be digitalized they founded TransferGalaxy.
Spending nights and weekends, the founders developed the TransferGalaxy platform parallel to their full-time jobs.
TransferGalaxy launches its service and it immediately gains traction. At the 2016 Business Challenge Gala, it wins the Best Company award.
With the success, the founders finally get the possibility to start working full-time. In May 2017, the company becomes an authorised Payment Institution.
Four years after its birth, the company announces it received $3.7M growth funding from VC firms BackingMinds and Alfvén & Didrikson.