Transpaygo is based in Vienna, Austria, a cultural melting pot with one of Europe’s largest migrant populations. Having heard many absurd rip-off stories from friends who support their families abroad, we knew the game needed to change.
We founded Transpaygo in 2012 to improve the way migrants send money home. Our aim is to simplify, be affordable and speak our customers’ language. Our team is a broad mix of former bankers, mobile developers and scientists representing more than ten nationalities.
The Fonmoney portal to send international top-ups was launched in September 2012. Encouraged by the warm welcome for our product, we decided to venture even further. In 2015 we founded a subsidiary in the UK, obtaining a so-called payment institution licence for money services from UK regulator FCA that same year.
As of 2016 we offer three different services to send money home: direct bank deposit, to mobile operator services (mobile money) and as cash-out. We firmly believe that working with local banks and partners will make ours the best service available on the market.