Moneytrans has already helped more than 10 million customers send or receive money instantly through its digital channels and a European retail network of over 3,000 branches, connected to 500,000+ payment points in 140 countries.

This capital raise will allow Moneytrans to deploy its newest product within the neobank segment, with the launch of a current account offering boosted by additional financial services tailored for the remittance sector and the working migrants.