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Transferwise Competitor Fintech Onefor Secures £8.55M Funding As It Expands To The Uk

Jul 01, 2021•about 4 years ago

Amount Raised

£8.55 Million

Description

Remittance and payments industry is flourishing in the UK with 9.5 million migrants transferring about £7.58 billion every year. With notable opportunities in the segment, many players are vying to grab a big chunk of the market share. To challenge existing players, Germany-based challenger fintech OneFor has raised a notable £8.55 million in its latest funding round, and is now expanding its services for the UK and all EU countries.

Company Information

Company

One For

About

OneFor currently operates in first countries out of the Latam region, of the North African region and of the South-East Europe region. As mentioned previously, OneFor is now available in the UK and all EU countries with an immediate focus on the UK, Germany, Switzerland, France, Belgium, the Netherlands, Greece, Italy and Spain. In our conversation, we enquired how OneFor is able to pull this off.