Backing Minds invests in mobile payments company Transfer Galaxy.

Transfer Galaxy, an Orebro, Sweden-based company providing a platform for money transfer secured SEK 4.5M in capital investment from Backing Minds.

Transfer Galaxy was founded by Yosef Mohamed (CEO), Khalid Qassim and Ali Mohamed and its business concept is described as a "Swish for international payments", currently is available to money transfers from Sweden to 13 countries from Africa and Asia. The investment was made at a SEK 42 million valuation.