TransferMate set to become only cross-border payments company in EU with full U.S. regulatory approval, expands senior management
– Achieves full U.S. regulatory approval with acquisition of New York licence
– Post-Brexit, TransferMate will become only EU-based company with full U.S approval
– Announces expansion of senior management to accommodate rapid global expansion
– Appoints Gary Conroy, former MD Realex as Chief Commercial Officer
– Appoints Rafael de la Vega, former Director of Global Partnerships at Intuit in Silicon Valley, as North American Board advisor
– Appoints Pat McLoughlin, former CEO of Irish Payment Services Organization as Board Advisor for Europe
Dublin – September 8, 2017 – TransferMate, the world’s leading cross-border payments platform is today announcing its achievement of full U.S. regulatory approval with the acquisition of a New York licence. With the onset of Brexit, TransferMate is poised to become the first EU company with full U.S. service coverage. To facilitate the rapid expansion of its services across the U.S as well as rapid global growth, TransferMate is announcing the following appointments to its senior management team.
Gary Conroy, former MD of Realex Payments joins TransferMate as Chief Commercial Officer, while Rafael de la Vega, former Director of Global Partnerships at Intuit in Silicon Valley becomes TransferMate’s new North American Board advisor to support its goal of significant growth within the North American market.
Gary Conroy comes to TransferMate with over twenty years’ experience across technology and financial services companies such as Goldman Sachs, Misys Financial Software Systems and Axway. Most recently, Gary served as Managing Director of Realex Payments following the company’s acquisition by Global Payments in March 2015 for 115m EUR in one of the largest deals in European FinTech. Subsequent to the transaction, Gary led the growth of the platform transaction volume, processing in excess of 1 million transactions per day.
Rafael De la Vega, a native of Mexico, earned a Bachelor of Science degree in Industrial Engineering from the University of Panamericana and a MBA from IPADE Business School before embarking on an illustrious career that saw him hold such positions as Vice President of Global Vertical solutions with Visa Payments, and Interim GM for Intuit, a Fortune 500 company.
Continuing its accumulation of the best minds in payments and the Fintech industry, TransferMate also has appointed Pat McLoughlin as its Board Advisor for Europe. Pat, who is the former CEO of Irish Payment Services Organization, played a major role as lead investigator in the Oireachtas Banking Inquiry. He is also chair of the public accounts committee.
Speaking on the appointments, Sinéad Fitzmaurice, Co-Founder of TransferMate and Chief Financial Officer stated, “I am pleased and excited to welcome Gary, Rafael and Pat to the TransferMate team. Between them, they have unrivalled knowledge and a wealth of experience in payments industry. With their help we hope to scale the business to meet its full global potential, offering our customers the smartest, most efficient solutions for their businesses.”
TransferMate provide award-winning cross-border solutions and applications, creating genuine levels of disruption in the international FinTech industry. The company has in excess of 7,000 corporate clients in over 50 countries and a growing following of end-users using its payments platform via seamless integration with the world’s leading accounting software packages. To date, $10 billion has been sent through TransferMate’s business payments infrastructure to over 200 countries.
TransferMate Global Payments offer the smartest solution for businesses worldwide to both send and receive international payments. Using our online platform and global banking infrastructure, we virtually eliminate the cost of sending international business payments by collecting and sending payments using our own banking network. Our client’s benefit from better exchange rates, lower bank transfer fees and direct integration into their back end accounting systems. TransferMate is becoming the provider of choice due to its ongoing investment and focus on products and regulation. TransferMate’s mission is to connect businesses across the world when sending and receiving international payments and disconnect the slow fee levying banks in the middle.