[3] The company provides a service to make cross border transfers online, this allows them to receive funds locally and make payments locally with the intention to eliminate the need for intermediary banks and international transfer fees.

[4] It is headquartered in Kilkenny, Ireland,[5] and has other offices in San Francisco, New York and Sydney.

[7] TransferMate's network of payment transfer systems is licensed and regulated in all 50 US states, Canada, Australia, New Zealand and in Europe.

[2] The company created a FinTech (financial technology) system to allow their customers to make cross border transfers online,[12] this allows them to receive funds locally and make payments locally with the intention to eliminate the need for intermediary banks and international transfer fees.

[13] TransferMate’s technology has been incorporated in to other financial systems such as QuickBooks, SAP Concur and Tradeshift.