Transfer Galaxy Delivers Strong Results - Distributes 25M SEK

Transfer Galaxy, founded by the Vivalla trio Yosef Mohamed, Ali Mohamed and Khalid Qassim, has delivered a record year and is now distributing almost all of last year's profit back to its owners - a total of 25 million SEK.

Over the past few years, the company has shifted from pure growth to a razor-sharp focus on profitability, and it's paying off: operating profit rose 350%, with net profit landing at nearly 30 million SEK. The strong momentum has continued into 2026, with revenue up around 40% in the first half of the year compared to the same period last year.

BackingMinds was one of the earliest believers in Transfer Galaxy and remains the company's largest external owner, alongside Alfvén & Didrikson. Our conviction has always been rooted in the team behind the company and the enormous opportunity in international money transfers a conviction now reflected in the numbers.