About Transferra
Transferra is a financial software/platform from Transferra that provides smart financial solutions for modern businesses. It offers a multi-currency IBAN account, SWIFT payments, and currency exchange & FX, so businesses can manage payments globally with ease. Transferra supports sending and receiving in over 40 currencies and facilitates cross-border payments to more than 180 countries. Users can also benefit from unlimited Visa debit cards, making transactions simpler. This platform is designed to be accessible on all devices, allowing users to manage their finances from anywhere. Key capabilities: Multi-Currency Account European IBAN Account SWIFT Payments Currency Exchange & FX Non-UK Resident Account Best for: businesses that need to manage global payments efficiently.
Transferra provides a robust, regulated financial platform, centralizing global business operations under a single IBAN. The service's main advantage is its multi-currency capability, allowing seamless receiving, holding, paying, and exchanging across 40+ currencies with competitive, low FX rates. As an Electronic Money Institution (EMI), Transferra is authorized and regulated by the UK's FCA, ensuring client funds are held securely in segregated accounts with guaranteed liquidity. Every client receives premium support from a dedicated personal manager, eliminating chatbot frustration. Deployment is initiated through a straightforward, fully remote online process. While the application is quick, compliance and Know Your Business (KYB) checks mean full account activation typically takes 3 to 5 working days. Critical for rapid operations is the instant issuance of unlimited virtual VISA debit cards, giving finance teams immediate, secure control over diverse business expenses and departmental budgets. Transferra offers three main business plans: Starter (€50 /Monthly fee) for local UK companies, Grow (€100 /Monthly fee) for medium-risk international businesses, and Advanced (€150 /Monthly fee) for high-risk industries like iGaming.
Pros & Cons
- +Transferra allows businesses to hold, send, and receive funds in over 40 currencies, supporting global operations efficiently
- +Transferra enables instant foreign exchange conversions at competitive rates, reducing transaction delays and costs
- +Transferra provides unlimited virtual Visa debit cards for teams, allowing secure control over business expenses
- +Transferra assigns a dedicated account manager to each client, ensuring personalized support for payments and compliance issues
- +Transferra uses ISO 27001-certified security protocols, safeguarding sensitive business and financial information
- −Some businesses may experience delays in processing high-value international payments due to compliance checks
- −Fees for certain payment methods, like SEPA Instant or CHAPS, can be higher than standard banking options
- −Limited reporting and analytics features compared to specialized accounting or finance software
- −Complex approval workflows can slow down team payments if not managed properly
- −Mobile app functionality may have occasional performance issues or delays on older devices
Features
Key features
- Multi-currency business account
- Hold, manage, and transact in over 40 currencies to support global operations
- Global payments
- Send and receive international payments to 180+ countries including SEPA, SWIFT, BACS, CHAPS, and Faster Payments
- Instant FX conversion
- Real-time currency conversion with competitive rates and no hidden fees
- Virtual Visa debit cards
- Issue unlimited virtual cards for employees or teams with Apple Pay and Google Pay integration
- Dedicated account manager
- Each client has a personal manager for tailored support on payments, compliance, and currency control
- Mobile and web app access
- Manage accounts, payments, and cards on both mobile devices and web platform
- Security and compliance
- ISO 27001 certified, regulated as an electronic money institution by the UK FCA, ensuring secure and compliant handling of funds
Additional features
- Multi-currency balance management
- Monitor and control balances in multiple currencies from a single account
- Cross-border payments
- Effortlessly transfer funds internationally with low fees and fast processing
- UK domestic payments
- Send local payments using BACS, CHAPS, and Faster Payments efficiently
- Recurring payment templates
- Automate regular payments to save time and reduce errors
- Payment approval workflows
- Set up approvals for team payments to maintain control over expenses
- Unlimited virtual cards
- Create virtual Visa cards instantly for business expenses and team usage
- Apple Pay and Google Pay integration
- Use virtual cards with popular mobile wallets for seamless payments
- Two-factor authentication
- Strong customer authentication to enhance account security
- Dedicated client support
- Real people assist with any queries, ensuring fast and reliable help
- Data protection
- Funds stored in segregated accounts, not loaned or invested, ensuring 100% liquidity and secure handling
Pricing
Monthly plans
Starter
EUR 50
Countries & Languages
Interface languages
Billing currencies
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About Transferra
Transferra is a financial software/platform from Transferra that provides smart financial solutions for modern businesses. It offers a multi-currency IBAN account, SWIFT payments, and currency exchange & FX, so businesses can manage payments globally with ease. Transferra supports sending and receiving in over 40 currencies and facilitates cross-border payments to more than 180 countries. Users can also benefit from unlimited Visa debit cards, making transactions simpler. This platform is designed to be accessible on all devices, allowing users to manage their finances from anywhere. Key capabilities: Multi-Currency Account European IBAN Account SWIFT Payments Currency Exchange & FX Non-UK Resident Account Best for: businesses that need to manage global payments efficiently.
Transferra Details
Transferra's In-App Market Place
Does Transferra have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Plans
Monthly plans
Starter
EUR 50
Accepted Payment Currencies
AUD ($), BRL (R$), CAD ($), CHF (CHF), CNY (¥), DKK (kr), EUR (€), GBP (£), HKD (HK$), HUF (Ft), INR (₹), JPY (¥), NOK (kr), NZD ($), PLN (zł), SEK (kr), SGD ($), USD ($)
Pros & Cons
- Transferra allows businesses to hold, send, and receive funds in over 40 currencies, supporting global operations efficiently
- Transferra enables instant foreign exchange conversions at competitive rates, reducing transaction delays and costs
- Transferra provides unlimited virtual Visa debit cards for teams, allowing secure control over business expenses
- Transferra assigns a dedicated account manager to each client, ensuring personalized support for payments and compliance issues
- Transferra uses ISO 27001-certified security protocols, safeguarding sensitive business and financial information
- Some businesses may experience delays in processing high-value international payments due to compliance checks
- Fees for certain payment methods, like SEPA Instant or CHAPS, can be higher than standard banking options
- Limited reporting and analytics features compared to specialized accounting or finance software
- Complex approval workflows can slow down team payments if not managed properly
- Mobile app functionality may have occasional performance issues or delays on older devices
Transferra's Support Options
Email Address
support@transferra.ukTransferra's Alternatives
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