Transferra
Transferra is a UK FCA-authorised Electronic Money Institution offering multi-currency business accounts in 40+ currencies, with virtual IBANs, SEPA/SWIFT/ACH payments, and corporate Visa cards, serving 2,000+ international SMBs, freelancers, and non-UK residents.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Transferra does
Transferra is a London-based Electronic Money Institution that provides multi-currency business accounts to international small and medium-sized businesses. Incorporated in November 2020 and authorised by the UK Financial Conduct Authority in December 2021 (FCA reference 942346), the company serves over 2,000 businesses across 200+ SWIFT destinations and 36 SEPA countries, with particular traction among non-UK residents, freelancers, e-commerce operators, IT/software companies, professional services firms, and international trade and logistics businesses that traditional UK banks have rejected or underserved.
The platform is built around a proprietary e-wallet and virtual IBAN architecture that lets a single account hold, send, and receive funds in 40+ currencies through local banking rails (UK Faster Payments/BACS/CHAPS, EU SEPA/SEPA Instant, US ACH, and SWIFT). A multi-currency account infrastructure with dedicated UK and EU IBANs, an FX engine priced at interbank + 0.5% on major currencies, payment templates with multi-level approval workflows, RESTful API Payments, and unlimited corporate Visa debit cards (issued via Wallester AS) form the core product surface. Partnerships with FCA-authorised Clear Junction Limited and SettleGo Solutions/OpenPayd UK provide the underlying vIBAN and payment rails, meaning Transferra orchestrates regulated infrastructure rather than holding direct banking licences in each market.
Transferra monetises through a tiered subscription model (Starter €49/month, International Business €149/month, Specialised from €399/month) plus onboarding fees, per-transaction payment fees (e.g., SEPA €5), FX markups (0.5% on major currencies, 2% on others), card issuance fees, and ancillary services such as priority account opening (€1,000) and SWIFT MT103 confirmations (€25). Go-to-market is predominantly product-led self-serve via transferra.uk with a 15-minute application flow and 1–3 day approval, supplemented by inside-sales for enterprise and complex structures, dedicated personal account managers as a retention layer, and content-driven SEO targeting Revolut Business and incumbent-bank alternatives.
Transferra firmographics
Firmographics- Name
- Transferra
- Legal name
- Transferra Un Limited
- Website
- https://transferra.uk
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Transferra is a UK FCA-authorised Electronic Money Institution offering multi-currency business accounts in 40+ currencies, with virtual IBANs, SEPA/SWIFT/ACH payments, and corporate Visa cards, serving 2,000+ international SMBs, freelancers, and non-UK residents.
- Ownership category
- akta.pro rank
Transferra industry classification
Industry- Product category
- Cross-Border Payments and Multi-Currency Business Banking
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (522210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Card-Based Cross-Border Payments & FX Settlement (FSAMAIAD), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)
Keywords
Where Transferra is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Transferra business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Subscription Fees: Monthly subscription fees from three business plan tiers (Starter €49, International Business €149, Specialised from €399 per month) plus onboarding fees.
- Payment Transaction Fees: Fees for incoming and outgoing payments including SEPA transfers, GBP payments via BACS/CHAPS/Faster Payments, and international SWIFT payments to 200+ destinations.
- Currency Exchange: FX conversion at interbank + 0.5% for major currencies (EUR, USD, GBP) and 2% for other currencies.
- Card Services: Monthly fees for card accounts and per-card creation fees for virtual Visa cards.
- Priority and Additional Services: Priority review and account opening (€1000), reference letters, SWIFT MT103 confirmations (€25), payment investigations (€100), enhanced due diligence fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Starter - For companies operating in country of incorporation only (Local Businesses) |
| Subscription | Monthly | International Business - For industries such as Digital, Trade, Logistics (Most Popular) |
| Subscription | Monthly | Specialised - For complex structure companies (Holdings & Corporate Groups) |
| Transaction based/ take rate | Pay-as-you-go | FX Exchange Rates |
| Transaction based/ take rate | Pay-as-you-go | Payment Fees |
| Other | Pay-as-you-go | Additional Services |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Transferra product offering
Product offeringCore offering
Transferra provides FCA-authorized multi-currency business accounts holding 40+ currencies under UK and EU IBANs, paired with global payment execution across SWIFT, SEPA, ACH, Faster Payments, BACS, and CHAPS. Customers additionally receive corporate Visa debit cards, FX conversion, and developer-facing API payments. The platform targets international SMEs, non-UK resident businesses, and freelancers that need regulated, fast-onboarding banking and cross-border payment infrastructure outside traditional high-street banks.
Product overview
Transferra is an FCA-authorized Electronic Money Institution (EMI) offering a unified multi-currency business account platform with modular capabilities. The core offering centers on the Multi-Currency Account providing 40+ currency support, complemented by specialized regional accounts (European IBAN, GBP, USD, Euro Accounts), international payment services (SWIFT, SEPA, ACH), and VISA corporate cards. Virtual IBAN functionality enables multiple unique IBANs routing to a single account for payment segmentation and reconciliation. Digital payment methods including Apple Pay and Google Pay are integrated natively. The platform serves diverse industries through tailored solutions (Start-up, Small Business, Logistics, Software Company accounts) and includes API Payments for developer integration and Dedicated Account Manager service for personalized support. Account opening is fully digital with KYC verification, and pricing operates on subscription plans (Starter €49/month, International Business €149/month, Specialised from €399/month).
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Currency Business Account
- Personal IBAN Account
- SWIFT International Payments
- SEPA Payments
- ACH Payments
- Currency Exchange and FX
- Corporate Visa Debit Cards
- API Payments
- Virtual IBAN
- Dedicated Account Manager
Quantifiable outcome
- Account approval in 1-3 business days vs traditional banks taking weeks or rejecting applications
- +4 more outcomes
Companies that use Transferra
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles5 records
Transferra technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Transferra partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Clear Junction LimitedcoreAuthorized partner providing vIBAN services and payments facility. Registered in England and Wales under Company number 10266827. Authorised by the Financial Conduct Authority under reference number 900684.
- SettleGo Solutions Limited (OpenPayd UK)coreAuthorized partner providing payments facility. Registered in England and Wales under Company Number 09570221. Authorised by the Financial Conduct Authority under reference number 900483.
- Wallester AScoreAuthorized partner providing card services (Visa debit cards). Registered in Estonia under company number 11812882. Authorised by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority). Issues Visa Chip&Pin Cards and Virtual Cards.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Transferra competitors and assessment
Company assessmentDirect peers
- Revolut: Revolut Business offers multi-currency business accounts, IBANs, FX, corporate cards, and API access for SMBs and freelancers globally — the same core product set as Transferra and the most frequently named competitor in Transferra's own customer testimonials.
- Wise (formerly TransferWise): Wise Business provides multi-currency accounts with local bank details, interbank-rate FX, and international payments to SMBs and freelancers — a near-identical value proposition to Transferra, with materially greater scale and brand recognition.
- Airwallex: Airwallex offers multi-currency business accounts, local IBANs in 60+ countries, FX, corporate cards, and API integrations targeting cross-border SMBs — directly comparable to Transferra on product breadth and target customer.
- Payoneer: Payoneer provides multi-currency receiving accounts, international payments, and FX for SMBs, freelancers, and cross-border marketplaces — overlapping significantly with Transferra's freelancer and SMB segments.
- Statrys: Statrys offers multi-currency business accounts (HKD, USD, EUR, GBP, CNY, SGD, AUD) with local bank details, FX, and payments, specifically targeting SMEs and non-resident founders in Asia — a smaller-scale direct competitor with similar positioning to Transferra.
- bunq: Bunq provides European multi-currency business bank accounts with IBANs, FX, and corporate cards for SMBs and freelancers — directly comparable on EU IBAN, multi-currency, and card offerings.
- Pleo: Pleo offers corporate cards and spend management for SMBs across Europe with multi-currency support and integrations — comparable on corporate Visa cards and SMB target market, though lighter on cross-border payment rails.
Broad incumbents
- Mercury: Mercury provides multi-currency business banking (USD, EUR, GBP), corporate cards, and API for startups and SMBs — overlapping with Transferra's startup/SMB segment though primarily US-headquartered with US banking licence depth.
- Brex: Brex offers corporate cards, business banking, and expense management for startups and SMBs globally — broader product portfolio than Transferra and significantly better funded, but overlapping on cards and SMB cross-border needs.
Others
- OpenPayd: OpenPayd is a Banking-as-a-Service platform providing payments infrastructure (accounts, FX, cards) that fintechs can embed — relevant as both a competitor in some segments and an existing infrastructure partner of Transferra.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Transferra compliance and trust
Trust signalCompliance5 records
Transferra financial estimates
Financial estimateRevenue estimate
Valuation estimate
Transferra leadership team
Management profileNumber of profiles
Profiles1 record
Transferra funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Transferra M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Transferra
What does Transferra do?
Transferra provides FCA-authorized multi-currency business accounts holding 40+ currencies under UK and EU IBANs, paired with global payment execution across SWIFT, SEPA, ACH, Faster Payments, BACS, and CHAPS. Customers additionally receive corporate Visa debit cards, FX conversion, and developer-facing API payments. The platform targets international SMEs, non-UK resident businesses, and freelancers that need regulated, fast-onboarding banking and cross-border payment infrastructure outside traditional high-street banks.
Is Transferra a public or private company?
Transferra is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Transferra founded?
Transferra was founded in 2020. It employs 11 to 50 people.
Where is Transferra based?
Transferra is headquartered in London, United Kingdom, in the Europe region.
How does Transferra make money?
Five revenue lines are on record. Subscription Fees are the primary driver. The others are payment Transaction Fees, currency Exchange, card Services and priority and Additional Services.
Who are Transferra's main competitors?
Direct peers on record are Revolut, Wise (formerly TransferWise), Airwallex, Payoneer, Statrys, bunq and Pleo. Broad incumbents are Mercury and Brex. OpenPayd is listed as an others.
Does Transferra have an API?
Yes. API Payments - Transferra offers API access for developers to automate payments, reconciliation, and reporting by connecting directly to internal systems or CRM. Available with the International Business plan (included) but not with the Starter plan. Developer documentation is at transferra.uk/api-payments.
What industry is Transferra in?
Transferra's product category is Cross-Border Payments and Multi-Currency Business Banking. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAMAIAD, Card-Based Cross-Border Payments & FX Settlement. Its NAICS code is 52232 and its SIC code is 6199.