Vostok Emerging Finance invests USD 3.4 mln in Lithuanian TransferGo
2016-07-04, 12:07
Published in
Economy
Photo by M. Paluskevic
Vostok Emerging Finance (VEF) has invested 3.4 million US dollars (EUR 3.07 mln) in the Lithuanian-owned money transfer company TransferGo, whose key markets include the United Kingdom, which voted last week to leave the European Union, Verslo Zinios reported on June 29th. TransferGo CEO Daumantas Dvilinskas says that the company will use the money to develop the Android version of the app and to further improve its product, as well as to accelerate international expansion. TransferGo currently has about 40 cooperation agreements with financial institutions and more than 160,000 customers, who transfer around 17 million US dollars monthly.
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