Allied Irish Banks ( AIB ) has invested € 30 m ( $ 35 m ) in cross - border payments with TransferMate in a deal that gives the latter firm an estimated valuation of between € 250 m and € 300 AIB makes a strategic bet on the digital future as Brexit storm clouds gather. m . The two firms will also form a strategic partnership to offer Irish businesses international payments and receivables capabilities ahead of Brexit . TransferMate CEO Terry Murphy said the funds would allow the company to expand its head office and technology functions in Ireland , as well as support its commercial teams around the world .
Allied Irish Banks ( AIB ) has invested € 30 m ( $ 35 m ) in cross - border payments with TransferMate in a deal that gives the latter firm an estimated valuation of between € 250 m and € 300 m . The two firms will also form a strategic partnership to offer Irish businesses international payments and receivables capabilities ahead of Brexit . TransferMate CEO Terry Murphy said the funds would allow the company to expand its head office and technology functions in Ireland , as well as support its commercial teams around the world .