Founded in 2010 by Terry Clune, TransferMate is a subsidiary of the CluneTech group. It specializes in B2B cross-border payment services, aiming to provide a more efficient, cost-effective, and secure alternative to traditional bank wires. The company has built one of the world's largest non-bank payment infrastructures, with a network of local bank accounts and numerous payment licenses globally. TransferMate's core offering includes an API that allows for seamless integration into accounting and ERP software, automating international payment and receivable processes for businesses worldwide.