Funding Received
$32.4 Million in 4 Rounds from 7 Investors
Most Recent Funding
$25 Million Series B on June 9, 2014
Description:
TransferWise is a peer-to-peer money transfer service allowing foreign students and businesses to transact money globally.
Founders:
Taavet Hinrikus, Kristo Kaarmann
Categories:
Virtualization, Finance
Website:
http://www.transferwise.com

Company Details

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Founded:
March, 2010
Contact:
Employees:
3 in CrunchBase

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 Virgin Group Sir Richard Branson and PayPal founder Max Levchin.

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

Current Team (3)

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Funding Rounds (4) - $32.4M

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Board Members and Advisors (2)

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Investors (7)

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Competitors (4)

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  • Nrdalfbcpenilbk7dyvy

    FAIRFX plc

    FAIRFX a cloud-based P2P payments platform that enables customers to make easy, low-cost multi-currency payments via one integrated system
  • 437b084cbaf38ffb6920c3c91880b4be

    CurrencyFair

    CurrencyFair is a P2P online marketplace enabling individuals and businesses to exchange currencies and send funds to bank accounts.
  • Ca082f711aa3adf87ffcbba62a21359a

    Azimo

    Azimo is a payment processing company providing internet and mobile based inter-country consumer money transfer services.
  • 7636f8ad717c69cf468a6499aecb926a

    peerTransfer

    peerTransfer offers an international student payment solution that enables payments in home currencies.

Images (1)

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