About TransferWise

TransferWise is a UK-based money transfer service launched in January 2011 by Kristo Käärmann and Taavet Hinrikus with headquarters in London and offices in a number of cities including Tallinn, New York and Singapore. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. In 2018 TransferWise’s net profit reached $8 million and its customer-base reached 4 million, who collectively transfer around $4 billion per month.

The concept was to match transfers with other people and then have a small commission while using the inter-bank mid exchange rate, unlike traditional currency transfers where there are buy and sell rates and the broker takes the difference between the two.

TransferWise Details
Operating Status: Active
Business Type: Private
Founded: 2011
Headquarters: London, United Kingdom
CEO: Kristo Käärmann
Founders: Taavet Hinrikus, Kristo Käärmann
TransferWise News
TransferWise Undermines the Potential Advantage of Blockchain Technology
November 20th, 2018

While TransferWise believes that blockchain has no significant advantage over existing systems, we decided to burst the myths startup communicates.

Monzo Joins Forces with TransferWise to Provide Cross-border Transfers
June 26th, 2018

The deal will let Monzo users send money from their current account to 16 of the most popular currencies, with some more added in the future.

Revolut Reaches $1.7 Billion Valuations After Integrating Digital Currency Trading Services
April 30th, 2018

Revolut allows its users to spend, store, send, and receive payments from both – cryptocurrency accounts and bank accounts.

Is the International Remittance Industry Headed the Cryptocurrency Way?
April 27th, 2018

Cryptocurrencies are no longer a passing fad – blockchain is changing the standards of the financial systems. Bitcoin, Ether and Ripple have initially stimulated the development of numerous start-ups, but today they experience the increasing interest on the part of traditional financial institutions.

TransferWise Announces Apple Pay Support for Money Transfers in the US
July 29th, 2017

The London-based financial technology startup will enable customers in the United States to transfer money via its platform using Apple Pay.

Latest Companies' News

Though crypto enthusiasts have practically lost their hope, it has been confirmed that the new Galaxy S10 will have an in-build crypto wallet called Samsung Blockchain Wallet.

In the new report E&Y notes that it will have complete control of the exchange’s funds in its cold storage until further notice from the court.

Bitcoin Cash Support Added on Coinbase Wallet App

Konstantin Rabin, financial expert and crypto enthusiast, takes a look at recent announcement from Coinbase in which it has confirmed that they added Bitcoin Cash support in their wallet app.

Coinbase-Backed Securitize Teams Up with OTCXN to Help Firms Tokenize and Sell Securities

Securitize, that is supported by Coinbase, and OTCXN are joining forces to streamline the process of issuing and trading security tokens.

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.

BitGo Announces $100M Insurance for Its Customers’ Crypto Assets Through Lloyd’s of London

Thanks to the new BitGo’s initiative, customers’ crypto holdings can be insured for up to $100 million through Lloyd’s of London.

45 Days Left for SEC to Decide on CBOE-VanEck Bitcoin ETF

On April 5th, 2019, the SEC will have to announce their decision to either approve, deny or extend the decision-making period on Cboe/VanEck/Solid X’s Bitcoin ETF.