TransferGo selects Thought Machine to drive global expansion

TransferGo is partnering with banking technology company, Thought Machine on its cloud native core banking platform, Vault.

Vault will enable TransferGo’s migrant worker community to move their money around the world quickly, safely and as cost efficiently as possible. 

“Hot off the heels of a $4m investment from Silicon Valley Bank in November, this partnership demonstrates our momentum in investing, innovating and disrupting the global remittance market,” says Justinas Lasevicius, CFO and Co-Founder of TransferGo. “Through our work with Thought Machine and their intuitive product Vault, we will introduce more enhanced services and drive impactful experiences for our migrant worker community.” 

“By tapping into the power of the cloud, TransferGo will enjoy a host of benefits, including unparalleled scalability, reliability, security and speed. Coupled with Vault’s unique horizontal architecture – they will be unshackled from the constraints of legacy product building – free to focus on providing an exceptional customer service and a world-class remittance service,” Paul Taylor, CEO and Founder of Thought Machine.

TransferGo has notched up over 2 million users and secured over $14 million in investments last year. The company also recently partnered with VISA and Mastercard, and expanded its senior leadership team through the hires of Edgardo Savoy as Chief Technology Officer and Francesco Fulcoli as Chief Compliance Officer.

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