Ingenico Acquires Transfer To for $38,000,000

  • Feed Type
  • Date
    8/5/2010
  • Company Name
    Transfer To
  • Mailing Address
    55 Broad Street – 16th Floor New York, NY 10004
  • Company Description
    Transfer To is a global mobile airtime network enabling small value transfers through mobile phones. With this solution, migrants can send mobile credit from their mobile phone or through retailers to their friends and relatives back home. For example, an Indian user living in the UK can transfer recharge from his mobile phone to the mobile prepaid account of his brother in India. Transfer is immediate, fast and secure. Reload is in real-time and both sender and receiver are immediately notified by SMS.
  • Website
    http://www.transfer-to.com
  • Transaction Type
    M&A
  • Transaction Amount
    $38,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Other financial terms of the transaction were not disclosed.

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