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TransferWise

TransferWise

TransferWise is a company that offers money transfers services founded by Kristo Käärmann and Taavet Hinrikus.

TransferWise offers their money transfer services to private individuals and businesses, and allows them to send money internationally. The company was founded in 2011, in London, England, United Kingdom.

Their services are designed to be border-less for expats, freelancers, and travelers, and they currently hold over £2 billion in deposits. The company allows users to hold over fifty currencies at once and to convert them at any time. They also offer a TransferWire debit MasterCard. The company offers users a multi-currency account which allows them to receive money with international bank details and track the transactions. The debit card can also be used on Apple Pay.

A transaction is started with a free user registration. When the user decides on the amount they wish to send, TransferWise provides the fee amount and when the money should arrive. Next, the user adds the bank details of the recipient, which can also be requested, and identification is verified. The sender then pays for the transfer, and TransferWise finishes the transaction while providing updated notifications.

Timeline

May 22, 2019
$292 million secondary sale of shares.
May 22, 2019
TransferWise raises a $292,000,000 series E round from Lead Edge Capital.
November 2017
$280m Series E

Brought the company to a post-money valuation of just under $1.6 billion.

May 13, 2013
TransferWise raises a $6,000,000 series A round from IA Ventures, Index Ventures, Kima Ventures, SV Angel, Seedcamp, The Accelerator Group and Valar Ventures.
April 2012
TransferWise raises a $1,300,000 seed round from IA Ventures, Index Ventures, Kima Ventures, Max Levchin, Seedcamp and The Accelerator Group.
August 1, 2011
TransferWise raises a $72,075 seed round from Seedcamp.

Funding rounds

People

Name
Role
LinkedIn

Abigail Daniels

Employee

Aditi Ramesh

Employee

Akis Papageorgiou

Employee

Alain Falys

Investor

Aleksandr Zhuikov

Employee

Alena Danyliuk

Employee

Allison Barkley

Employee

Alvar Lumberg

Employee

Amadeus Junqueira

Employee

Amanda Lipshutz

Employee

Amelia Grace

Employee

Anand Venu

Employee

Andero Tõnissoo

Employee

Andrei Muresan

Employee

Andrew McCormack

Investor

Andrii Kravets

Employee

Anil Hansjee

Investor

Anna Roe

Employee

Anna T. Kang

Employee

Anna Zawilska

Employee

Arsen Khadikov

Employee

Artyom Fedenko

Employee

Balázs Barna

Employee

Ben Horowitz

Investor

Ben Russell

Employee

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Further reading

Title
Author
Link
Type
Date

The mistake that led to a £1.2bn business

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Omar Faridi
June 2, 2021
Crowdfund Insider
UK Fintech Wise introduces remittance payments services in India, as company expands operations with Mumbai office.
Isabel Woodford
February 24, 2021
Sifted
Since stepping aside as TransferWise's CEO, Taavet Hinrikus has turned his attention to investing in startups -- and he's on a roll.
Freya Pratty and Amy Lewin
February 22, 2021
Sifted
British payments group TransferWise is changing its name to Wise, aiming to show that it's not 'just' a money transfer company anymore.
Steve O'Hear
February 22, 2021
TechCrunch
"Ten years in, TransferWise is now Wise," screams the press release that landed in my in-box late last week. The fintech giant, most recently valued by private investors at $5 billion, is re-branding ahead of an expected IPO. Of course, the company doesn't actually make reference to a public listing -- for regulatory reasons, it [...]
Steve O'Hear
February 22, 2021
TechCrunch
"Ten years in, TransferWise is now Wise," screams the press release that landed in my in-box late last week. The fintech giant, most recently valued by private investors at $5 billion, is re-branding ahead of an expected IPO. Of course, the company doesn't actually make reference to a public listing -- for regulatory reasons, it [...]
Steve O'Hear
February 17, 2021
TechCrunch
Certific, a health tech startup co-founded by TransferWise's Taavet Hinrikus, is breaking cover today with the launch of what it claims is the first "certified" remote COVID-19 testing service. The British-Estonian company is using techniques borrowed from the worlds of fintech and telemedicine, including asking users to film themselves while taking the at-home test, in [...]
Steve O'Hear
February 17, 2021
TechCrunch
Certific, a health tech startup co-founded by TransferWise's Taavet Hinrikus, is breaking cover today with the launch of what it claims is the first "certified" remote COVID-19 testing service. The British-Estonian company is using techniques borrowed from the worlds of fintech and telemedicine, including asking users to film themselves while taking the at-home test, in [...]
Isabel Woodford
February 17, 2021
Sifted
Just as PayPal's Elon Musk and Chad Hurley founded their own companies, Transferwise has produced some of the brightest founders out there.
Isabel Woodford
February 17, 2021
Sifted
Just as PayPal's Elon Musk and Chad Hurley founded their own companies, Transferwise has produced some of the brightest founders out there.
Mike Butcher
February 4, 2021
TechCrunch
Joompay, a startup with an iOS and Android app similar to Venmo and TransferWise, has now launched in Europe after obtaining a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send and receive money with anyone, instantly and for free. However, it enters a crowded market, competing with peer to peer payment [...]
Omar Faridi
November 26, 2020
Crowdfund Insider
Fintech firm TransferWise's customers in Indonesia are now able to send remittance payments to 80 different countries.
Omar Faridi
November 7, 2020
Crowdfund Insider
Finaxct, a core as a service banking solution provider, will be adding Unqork and TransferWise to its marketplace.
Alex Wilhelm
September 22, 2020
TechCrunch
TransferWise, a European fintech unicorn, announced the financial results of its fiscal year ending March, 2020. The company posted strong growth, continued profit and new customer records. TransferWise was most recently valued at $5 billion during a secondary sale worth $319 million in July of this year. On the results front, we can compare the [...]
August 24, 2020
WebWire
Mastercard (NYSE:MA) and TransferWise, announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed. Mastercard has built a strong partnership with TransferWise, working with the global technology company since its issuance of its first debit card in Europe in 2018. Since then TransferWise has issued over 1 million Mastercard's globally., , , , TransferWise currently partners with Mastercard across t...
Steve O'Hear
July 9, 2020
TechCrunch
Radix, a U.K. startup that's building a decentralised finance protocol on which new financial apps can connect and be built on top of, has raised $4.1 million in new funding. Backing the company, which counts the Ethereum network and a number of other "DeFi" projects as competitors, is London-based seed-stage VC LocalGlobe and TransferWise co-founder [...]
JD Alois
July 8, 2020
Crowdfund Insider
Click HERE to find out ⭐ Stealth Bank Transferwise Sees Valuation Hit $5 Billion - Report. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
JD Alois
July 1, 2020
Crowdfund Insider
Click HERE to find out ⭐ Stealth Bank: Transferwise Preps Investment Features with UK Roll Out Later this Year. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Steve O'Hear
June 30, 2020
TechCrunch
TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion, has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called "borderless" account will be given the option to make [...]
Omar Faridi
June 28, 2020
Crowdfund Insider
UK Fintech TransferWise and N26 now helping consumers in Brazil, Mexico, Singapore, the Philippines with fast, cheap cross-border payments.
Omar Faridi
June 18, 2020
Crowdfund Insider
Consumers losing billions in hidden remittance payments costs, Nick Catino from Fintech TransferWise reveals.
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References

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