Total Equity Funding: $116.37M in 6 Rounds from 13 Investors
Most Recent Funding: $26M Series D on May 25, 2016
Headquarters: London, England
Description: TransferWise is an money transfer service allowing private individuals and businesses to send money abroad without hidden charges.
Founders: Kristo Kaarmann, Taavet Hinrikus
Categories: Peer to Peer, Financial Services, Finance, FinTech, Payments
Founded: March 1, 2010
Contact: firstname.lastname@example.org | (888) 908-3833
Employees: 251 – 500 | 11 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 includ e IA Ventures, Index Ventures, Seedcamp and Kima Ventures. Strategic angels includ e Virgin Group Sir Richard Branson and PayPal founder Max Levchin.
TransferWise is licensed and regulated by the UK Financial Services Authority.