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TransferWise

TransferWise

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

Contents
Timeline
Funding rounds
Products
People
Further reading
Documentaries, videos and podcasts
Companies
News
References

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.

November 2017

$280m Series E

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

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
‌
TransferWise funding round, May 2019
292,000,000
May 2019
Lead Edge Capital
Lone Pine Capital
‌
TransferWise Series A round
Series A round
6,000,000
May 13, 2013
Index Ventures
Seedcamp
SV Angel
Valar Ventures
IA Ventures
Kima Ventures
The Accelerator Group
‌
TransferWise funding round, November 2017
280,000,000
November 2017
Merian Global Investors
Institutional Venture Partners
Sapphire Ventures
Mitsui & Co.
World Innovation Lab
‌
TransferWise seed round
‌
Seed round
72,075
August 1, 2011
Seedcamp
‌
TransferWise Series E round, May 2019
‌
Series E round
292,000,000
May 22, 2019
Lead Edge Capital
‌
TransferWise Seed round April 2012
‌
Seed round
1,300,000
April 2012
Max Levchin
Index Ventures
Seedcamp
IA Ventures
Kima Ventures
The Accelerator Group
6 Results
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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

Page 1 of 8
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Further reading

Title
Author
Link
Type
Date

The mistake that led to a £1.2bn business

https://www.bbc.com/news/business-46985443

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
TransferWise reports accelerating revenue growth to 70% in its March, 2020 fiscal year
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 [...]
TransferWise and Mastercard Expand their Global Partnership
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...
LocalGlobe and TransferWise's Taavet Hinrikus back 'frictionless finance' startup Radix
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 [...]
Stealth Bank Transferwise Sees Valuation Hit $5 Billion - Report
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.
Stealth Bank: Transferwise Preps Investment Features with UK Roll Out Later this Year
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.
TransferWise to offer investment products but has 'no plans' to become a bank
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 [...]
UK Fintech TransferWise and Digital Bank N26 Now Helping Consumers in Brazil, Mexico, Singapore, the Philippines with Fast, Cheap Cross-Border Payments
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.
Consumers Losing Billions in Hidden Remittance Payments Costs, Nick Catino from Fintech TransferWise Reveals
Omar Faridi
June 18, 2020
Crowdfund Insider
Consumers losing billions in hidden remittance payments costs, Nick Catino from Fintech TransferWise reveals.
Even Easier: TransferWise Users Can Now Make Instant Payments with Phone Contacts, No Bank Needed
JD Alois
June 9, 2020
Crowdfund Insider
Click HERE to find out ⭐ Even Easier: TransferWise Users Can Now Make Instant Payments with Phone Contacts, No Bank Needed. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
UK Fintech TransferWise Enables Australian Dollar (AUD) Direct Debits, Introduces 'Pay with TransferWise' with Xero
Omar Faridi
May 31, 2020
Crowdfund Insider
UK Fintech TransferWise enables Australian dollar (AUD) direct debits, introduces "Pay with TransferWise" with Xero.
UK Fintech TransferWise Enables Instant Money Transfers to Pakistan (PKR), Sri Lanka (LKR), Thailand (THB)
Omar Faridi
May 13, 2020
Crowdfund Insider
UK Fintech TransferWise enables instant money transfers to Pakistan (PKR), Sri Lanka (LKR), Thailand (THB).
Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs
Steve O'Hear
April 16, 2020
TechCrunch
A leaked Santander internal memo in 2017 likely set wheels in motion. Reportedly written by the bank's head of innovation, the missive warned that a large chunk of the Spanish incumbent's profits were at risk -- specifically, those generated via international money transfers - because of the growing success of fintech challengers, such as London-headquartered [...]
Chattermill raises $8M Series A to enable companies to gain customer feedback insights 'at scale'
Steve O'Hear
February 24, 2020
TechCrunch
Chattermill, the London startup that offers what it calls a "customer understanding" platform that uses machine learning to gain scalable insights into customer feedback, has raised $8 million in Series A funding. Leading the round is DN Capital, alongside Ventech and btov Partners. Silicon Valley Bank also participated, in addition to a number of angel [...]
Europe's top angel investors | Sifted
Kim Darrah
December 3, 2019
Sifted
A hand-picked selection of some of the most prominent angel investors in Europe, featuring Xavier Niel, Oleg Tscheltzoff and Jacques Antoine-Granjon.
GoCardless partners with TransferWise to bring low cost currency conversion to recurring payments
Steve O'Hear
November 6, 2019
TechCrunch
GoCardless, the London fintech that makes it easy for businesses to offer recurring bank payments, has partnered with TransferWise for its currency exchange. The move sees GoCardless utilise the TransferWise API and the money transfer company's "TransferWise for Business" product and in turn provide TransferWise's FX rates to its own customers. More broadly, the partnership [...]
TransferWise links up with Indonesian, Philippine e-wallets: CEO
Alun John
November 5, 2019
U.S.
Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account.
TransferWise, valued at $3.5bn, reports third straight year of profit
Shannen Balogh
September 18, 2019
Business Insider
TransferWise reported a surge in revenue and $12.7 million in profits for the year ending in March. The fintech firm is valued at $3.5 billion.
TransferWise's debit card launches in Australia and New Zealand, with Singapore to follow
Catherine Shu
August 14, 2019
TechCrunch
International money transfer startup TransferWise's debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands its presence in the Asia-Pacific region. TransferWise's debit card, which features low, transparent fees and exchange rates, first launched in the United Kingdom and Europe [...]
TransferWise closes $292 million secondary funding round at $3.5 billion valuation
Anna Irrera
May 22, 2019
U.S.
Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday.
People Digest: Citibank SG CEO departs; TransferWise loses banking head
Kristie Neo
Invalid Date
DealStreetAsia
Citibank Singapore CEO Han Kwee Juan has resigned after working for 27 years with the company.
SHOW MORE

References

transferwise.com
Is a
Company

Company attributes

Industry
Consumer
Peer-to-peer
Financial services
‌
Payment
‌
Money transfer
‌
Financial inclusion
Financial technology
Location
London
B2X
‌
B2C
CEO
Kristo Käärmann
Founder
Kristo Käärmann
‌
Taavet Hinrikus (entrepreneur)
Crunchbase
crunchbase.com/organiz...sferwise
Pitchbook
pitchbook.com/profiles.../54280-18
Accelerator
Seedcamp
Accelerator Batch
‌
Seedcamp Sep 2011
Legal classification
Joint-stock company
Investors
Marc Andreessen
Virgin Group
Lone Pine Capital
Fabric Ventures
Email address
complaints@transferwise.com
Total funding amount (USD)
871,372,075
Latest funding round date
May 22, 2019
Competitors
N26 (bank)

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