The service was intensely used by immigrants to send money to their families and, over the last year, the fintech saw a significant increase in the number of new customers and transactions, as well as an accelerated expansion on the global market, including through transfers to Ukraine.
In 2021, the company raised a financing of USD50 million which will be used to tap into new markets in West Africa and the Commonwealth of Independent States (CIS), including into Armenia and Azerbaijan.
The company has offices in London, Vilnius, Kaunas, Warsaw, Krakow, Berlin and Istanbul and enables online money transfers in 111 different currencies, covering 161 countries.