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

Company Details


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)


Funding Rounds (4) - $32.4M


Board Members and Advisors (2)


Investors (7)

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    Kima Ventures

    Seed Fund
  • 4b8cb82cceb342829beea060f74f8ad3

    Index Ventures

    Index Ventures is a multi-stage international venture capital firm with deep sector expertise...
  • 64e77b7718260da88a1d266ac489c067

    IA Ventures

    Big Data Fund
  • Rgysemsetvx3dnjrtmqt

    Valar Ventures

    Valar Ventures is an internationally-focused venture capital firm backed by Peter Thiel. Based in...
  • 7dc918caad79625a8347f4c5b50e69aa
  • 20e0740010dd063a306ed323780065b0

    SV Angel

    SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron...
  • Celknanwdnrargksenhz


    Accelerating startups from prototype to IPO with $25K-$250K in initial funding. Backing the most...

Competitors (4)

  • Nrdalfbcpenilbk7dyvy

    FAIRFX plc

    FAIRFX a cloud-based P2P payments platform that enables customers to make easy, low-cost...
  • 437b084cbaf38ffb6920c3c91880b4be


    CurrencyFair is a P2P online marketplace enabling individuals and businesses to exchange...
  • Ca082f711aa3adf87ffcbba62a21359a


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


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

Images (1)

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