Transigo

Company Overview

Snapshot

Founded in April 2018 by Nir Tal and Eyal Kamir, Transigo operates with 1–10 employees. The company has raised $70.6 million across two funding rounds from two investors. In January 2022, Transigo secured a significant funding facility.

Business overview

Transigo is a fintech startup that provides working capital financing for international trade deals, specifically for transactions that are fully paid at shipping. Its core offering restructures advance payment transactions into open accounts with up to 120 days of credit, while maintaining the exporter's cash and risk position through non-recourse factoring. This solution aims to alleviate working capital burdens for importers, enabling business growth. The company focuses on markets in the U.S., China, and Hong Kong, operating within the Fintech & Insurtech sector, with a focus on Money Transfer & Management.

Strategic signal

In January 2022, Transigo announced a $70 million funding facility. This significant capital injection signaled strong investor confidence in Transigo's approach to financing international trade, highlighting its potential to scale operations and expand its market reach in the U.S. and China For investors, this indicated a validation of its business model and a clear path for growth in the trade finance sector.

Company Intelligence Q&A

What is Transigo's primary business?

Transigo provides a payment solution for importers and exporters, focusing on financing working capital in international trade deals that are fully paid at shipping. It restructures advance payment transactions into open accounts with extended credit terms.

When was Transigo founded and by whom?

Transigo was founded in April 2018 by Co-founder & CEO Nir Tal and Co-founder Eyal Kamir.

What was a significant funding event for Transigo?

In January 2022, Transigo raised a $70 million funding facility. This funding was sourced from investors including Nawi Brothers Group and E.N. Shoham Business.

Which markets does Transigo primarily serve?

Transigo is currently focused on marketing its service in the U.S., China, and Hong Kong, targeting global geomarkets.

What is the current status of Transigo?

Transigo is currently non-active and ceased to operate in September 2024.