TransferGo Lithuaniа will raise investment from the US Hard Yaka Ventures

TranferGo Lithuania will raise investment from Silicon Valley-based Hard Yaka Ventures. The amount of the investment was not disclosed. The deal has been approved by the Bank of Lithuania. Hard Yaka Ventures will indirectly acquire between 10% and 20% of the shares and voting rights in the company.

TransferGo Lithuania is a subsidiary of TransferGo Holdings, the sole shareholder of TransferGo Lithuania and TransferGo, established and operating in the United Kingdom.

Founded in 2012 in Great Britain by Lithuanian entrepreneurs Daumantas Dvilinskas, Justinas Lasevicius, Edvinas Sersniovas, and Arnas Lukosius, TransferGo is a consumer platform for global money transfers. It can handle both personal and business transfers on a digital account-to-account model. The money transfer service works with 22 currencies in more than 160 countries and provides financial services to 7M people. TransferGo has offices in London, Vilnius, Berlin, Istanbul, and Warsaw. 

At the end of 2018 года, Hard Yaka already invested in TransferGo. Vostok Emerging Finance (VEF), Netherlands-based Revo Capital, U-Start Club, and Lithuanian Practica Capital also participated in the $15,4M round.