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General Information

Websitetransferwise.com
Blogtransferwise.com/...
Twitter@transferwise
CategoryFinance/Venture
Phone+44 20 8123 4020
Emailsupport@transferw...
Employees
Founded3/2010
Descriptionforeign payments

Offices

London HQ
Unit 1.03 (c/o Albion), The Tea Building, 56 Shoreditch High Street,
London, E1 6JJ, GBR

People

Funding

TOTAL $7.37M
FUNDING TOTAL $7.37M
Seed, 8/2011
Seedcamp
€50k
Seed, 4/2012
Index Ventures
$1.3M
Series A, 5/2013
Valar Ventures
SV Angel
IA Ventures
Index Ventures
Kima Ventures
$6M

Competitors

Tags

TransferWise

TransferWise lets expats, foreign students and businesses move money globally. The firm’s pricing and operating model are a substantial departure from standard practice in the money transfer sector, providing customers with a lower-cost alternative to traditional means of moving money internationally.

TransferWise was founded in London in March 2010 by Taavet Hinrikus and Kristo Kaarmann. Taavet was part of the small team that started Skype in 2003 and has recently worked with a number of startups as an angel investor and advisor. Kristo had a financial services background from Deloitte and PricewaterhouseCoopers.

Institutional investors include IA Ventures, Index Ventures, Seedcamp and Kima Ventures. Strategic angels include PayPal founder Max Levchin.

TransferWise is licensed and regulated by the UK Financial Services Authority.

Recent Milestones

Videos

Above:

TransferWise demoing at FinovateEurope 2013

Added: 3/12/14

Screenshots

TransferWise screenshot
Above: TransferWise Screenshot -- #1
Uploaded: 4/1/14

Sources

  1. Straight out of Mini Seedcamp London: 3 new Seedcamp Teams (seedcamp.com) [edit]
  2. TransferWise Raises $1.3M From Index, Others For The Next Disruption In Money Transfer: Crowdsourcing (techcrunch.com) [edit]
  3. P2P Currency Exchange TransferWise Raises $6M Led By Peter Thiel’s Valar Ventures, With Participation From SV Angel, Others (techcrunch.com) [edit]
  4. TransferWise Sees $1M In Transactions, Opens Up To Businesses (techcrunch.com) [edit]
    TransferWise wants to be the Skype of currency exchange (eu.techcrunch.com) [edit]
    Amid Reports Facebook Is Eyeing Up Financial Services, TransferWise Hits £1 Billion In Transfers (techcrunch.com) [edit]
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Last Edited 4/15/14

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