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TransferGo taps Onfido for international remittance customer onboarding


Global remittance company TransferGo will onboard customers rapidly and securely with Onfido’s machine learning-based identity verification technology as it adds 1,000 new customers per day, according to an announcement.

The partnership supports TransferGo’s value proposition, which is based on speed. The company guarantees money transfers anywhere in Europe within 30 minutes, and Onfido identity verification through a photo of an identity document, a selfie, and an international watchlist check enables it to meet global consumer finance challenges securely and at scale.

“Onfido enables us to deliver the swift service our customers expect, without compromising on security,” says TransferGo CEO Daumantas Dvilinskas. “Their risk-based approach means we can confidently verify our users, and don’t have to add unnecessary friction where it’s not needed. Onfido’s support is imperative to our international growth, and we’re confident that they’ll continue to help us strengthen our position into the future.”

TransferGo has completed over $1 billion worth of transfers, has 650,000 customers, and is growing by 100 percent year-over-year. It offers transfers between 47 countries, and recently added a cryptocurrency trading facility for five major cryptocurrencies, which TransferGo says is the first of its kind for a remittance company.

“We’re proud to be supporting TransferGo as they enter their next phase of growth,” comments Onfido CEO Husayn Kassai. “As a RegTech, we know how critical a smooth, secure and speedy onboarding process is for users, and look forward to helping TransferGo deliver that to new global markets and across new products.”

Onfido recently signed partnerships with cryptocurrency marketplace HBUS and carshare platform Zoomcar.

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