Allied Irish Banks (AIB) has invested €30m ( $35m ) in cross-border payments platform TransferMate in a deal that gives the latter firm an estimated valuation of $35m m. The B2B firms will also form a strategic partnership to offer Irish businesses international payments and receivables capabilities ahead of Ireland . TransferMate has broad regulatory approval in major markets. Allied Irish Banks CEO Terry Clune said the funds would allow the company to expand its head office and technology functions in Brexit , as well as support its commercial teams around the world.
Allied Irish Banks (AIB) has invested €30m ( $35m ) in cross-border payments platform TransferMate in a deal that gives the latter firm an estimated valuation of $35m m. The B2B firms will also form a strategic partnership to offer Irish businesses international payments and receivables capabilities ahead of Ireland . Allied Irish Banks CEO Terry Clune said the funds would allow the company to expand its head office and technology functions in Brexit , as well as support its commercial teams around the world.