The Transferbank, one of the leading international remittance platforms in the country, closed 2024 with significant growth compared to 2023. In addition to a 62% increase in revenue, the company surpassed R$ 1 billion in transaction volume for the year, which was one of its goals.
Other indicators also showed robust progress. The company expanded its customer base by 79%, leading to a significant diversification of those operating monthly on its platform, with an average growth of 48%.
“Throughout 2024, we heavily invested in optimizing our processes and personalizing our customers’ experience, which was essential to achieving these numbers,” comments Luiz Felipe Bazzo, CEO of Transferbank.
Originally focused on foreign trade, today the international payments and receipts solution serves importers and exporters, startups, investment funds, service providers abroad, and individuals (PFs). Additionally, the company operates with a division focused on white-label solutions and back-office as a service for foreign exchange, including clients such as the Asian brokerage Mirae Asset and firms like SVN Investimentos and Nord Investimentos.
Plans for 2025
With operations already surpassing breakeven, Transferbank’s outlook for 2025 couldn’t be more optimistic. The idea is to reaffirm its commitment to offering innovative and sustainable solutions in the digital financial market.
In the spot foreign exchange solution, the expectation is to at least double the customer base, though this year focusing on growth with individuals alongside SMEs. The goal is to increase the share of clients investing abroad who can rely on Transferbank for a solution with more competitive rates.
Looking ahead to next year, the launch of Transferbank Pay, scheduled for February 2025, aims to offer greater convenience in payments for Brazilian consumers abroad. Partnering with international merchants in locations with high Brazilian populations, the launch proposes payment for purchases via Pix, QR code, and even Brazilian cards.
“We are ready to seize new opportunities in 2025, always innovating with a focus on delivering the best experience for our customers,” concludes Bazzo.
