Transferbank ends 2024 with growth of 62% in revenues and more than R$ 1 billion transacted

The Transferbank, one of the main international remittance platforms in the country, ended 2024 with a great growth compared to 2023. In addition to presenting an increase of 62% in revenue, the company went from R$ 1 billion in volume transacted in the year that was one of the company's goals.

The company increased its customer base by 79%, which saw significant sputter from those operating per month on its platform, with an average growth of 48%. 

“ Throughout 2024, we invested heavily in optimizing our processes and personalizing our customer 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, foreign service providers and Physical Persons (PFs). In addition, the company operates with an arm focused on white label solutions and back office as a service structure for foreign exchange, including with clients such as Asian broker Mirae Asset and offices such as SVN Investimentos and Nord Investimentos.

Plans for 2025
With the operation already surpassing breakeven, the prospects of Transferbank could not be more optimistic for 2025. The idea is to reaffirm its commitment to offer innovative and sustainable solutions in the digital financial market.

In the ready exchange solution, the expectation is to at least double the base, but this year composing the growth with individuals in addition to SMEs companies.The focus is to increase the share of customers who invest abroad and can count on transferbank for a solution with more competitive rates.  

Still in the outlook for next year, the launch of transferbank pay, scheduled for February 2025, the solution that aims to offer greater convenience in payments to Brazilian consumers abroad.In partnership with international businesses in places with high density of Brazilians, the launch proposes the payment of purchases via Pix, through QR code and even Brazilian card.  

“We are ready to achieve new opportunities in 2025, always innovating with the focus on offering the best experience for our” customers, concludes Bazzo.