O Transferbank, one of the leading international remittance platforms in the country, ended 2024 with significant growth compared to 2023. In addition to showing a 62% increase in revenue, the company reached R$ 1 billion in transaction volume in the year, which was one of the company’s goals.
Other indicators also demonstrated robust advances. The company increased 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 in achieving these numbers,” commented 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. Furthermore, the company operates with a white-label solutions arm and back-office structure as a service for foreign exchange, including clients like the Asian brokerage Mirae Asset and offices like SVN Investimentos and Nord Investimentos.
Plans for 2025
With operations already surpassing breakeven, Transferbank’s outlook for 2025 could not be more optimistic. The idea is to reaffirm its commitment to offering 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 growth with individuals in addition to SMEs. The focus is to increase the share of customers who invest abroad and can rely on transferbank for a solution with more competitive rates.
Still in the perspectives for next year, the launch of transferbank pay, already scheduled for February 2025, the solution that aims to offer greater convenience in payments to Brazilian consumers abroad. In partnership with international businesses in locations with a high density of Brazilians, the launch proposes payment for purchases via Pix, through QR code, and even Brazilian card.
“We are ready to seize new opportunities in 2025, always innovating with a focus on offering the best experience to our customers”, concludes Bazzo.
