TransferGo unveils GBP wallets & savings for UK businesses

TransferGo has partnered with Griffin to provide GBP wallets and savings options as it launches multi-currency business accounts in the United Kingdom.

The collaboration will see TransferGo utilise Griffin's banking infrastructure to safeguard customer funds in GBP wallets. UK businesses can also access new interest-bearing savings accounts, designed to offer competitive rates while maintaining liquidity.

The multi-currency business accounts address long-standing issues such as high fees, delayed international transfers, and complex money movement processes. Businesses using TransferGo's new offering will have access to a local IBAN, same-day transfers, and financial protection through the Financial Services Compensation Scheme, which covers eligible deposits up to GBP £85,000 per depositor.

Justinas Lasevičius, Co-Founder of TransferGo, described the launch as a significant development for the company in 2025, highlighting the extension into business-to-business payments. He pointed out that introducing GBP wallets and savings is part of TransferGo's ongoing commitment to enhancing flexibility and convenience for business users.

Justinas Lasevičius said, "We're committed to providing our business clients with efficient and profit-friendly international money management solutions. GBP wallets and savings are proof of this, giving business owners and managers more freedom to send and receive payments, leverage the benefits of a local IBAN, access same-day transfers, and gain greater control over their finances. We empower businesses to grow by cutting out high costs and delivering a fairer and seamless financial experience."

The easy-access savings accounts offered through this integration allow businesses to use their working capital and generate revenue from funds that would otherwise be idle. This solution aims to offer greater financial flexibility without compromising liquidity.

TransferGo's decision to partner with Griffin was based on Griffin's reputation for providing secure, regulated banking services for fintech firms and financial platforms. By leveraging Griffin's infrastructure, TransferGo is able to offer banking solutions that are both robust and compliant with regulatory requirements.

David Jarvis, Griffin's Chief Executive Officer and Co-Founder, commented on the partnership and its broader impact on businesses utilising TransferGo's services: "We're inspired by how TransferGo helps people and businesses around the world stay connected to each other. We're thrilled to be able to do our small part in supporting them and their customers by providing secure banking infrastructure for their GBP wallets and savings accounts."

The partnership aims to improve the financial ecosystem for UK businesses engaged in cross-border transactions by offering secure, monitored, and regulated fund storage. TransferGo's approach allows corporate clients to manage currencies efficiently, transact globally, and hold balances in multiple currencies alongside their new GBP wallets and savings accounts.

By offering these new features, TransferGo seeks to address the challenges businesses often face when dealing with global financial transactions, including the need for speed, security, and cost-effective solutions.