funding probability score
89%
total disclosed funding
$396.37m
last round valuation estimate
$3.50bn
disclosed funding rounds
7
latest round
Nov 02 2017
latest funding stage
Series E
next round estimate
Q2 2018
development stage
Mature growth
number of investors
13
number of competitors
20
monthly web visits estimate
9,917,078
twitter followers
42,804
web traffic outlook
4 / 10
Offices
Estonia, United Kingdom, United States
HQ address
2nd Floor, 186-188 City Road, London, EC1V 2NT, GBR
description
TransferWise is the clever new alternative to banks and brokers, that allows people to transfer money abroad at a lower cost than ever before. It uses technology developed by the people who built Skype and PayPal to remove all the fees the foreign exchange industry has kept hidden for decades. Customers have already moved more than £1bn using the platform - an approach that has put over £45m back in their pockets.

How did TransferWise get started?

Estonian friends Taavet and Kristo came up with the idea for building the platform when they first became expats in London and were confronted by the high fees banks charge to transfer money abroad.

They used the official mid-market rate exchange rate (that’s the one in the papers, not the one invented by the bank). They both received the right amount of money, and neither paid any bank fees. Within a few months they’d saved thousands of pounds and realised there were probably millions of others that needed a system just like theirs. So they set to work - the rest is TransferWise.

Team

    Kristo Kaarmann

    Co-Founder, CEO

    Taavet Hinrikus

    Co-Founder, Chairman

    Kristo Kaarmann

    Co-Founder, CEO

    Taavet Hinrikus

    Co-Founder, Chairman

    Kristo Kaarmann

    Co-Founder, CEO

    Taavet Hinrikus

    Co-Founder, Chairman


competitive landscape

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Funding & investors

Total disclosed funding:
$396.37m
Date Amount type investors
November 02 2017 $280.00m Series E
May 25 2016 $26.00m Series D Andreessen Horowitz, Baillie Gifford, Richard Branson, Valar Ventures
January 25 2015 $58.00m Series C Andreessen Horowitz, Firestartr, IA Ventures, Richard Branson, Seedcamp, Valar Ventures
June 09 2014 $25.00m Series B IA Ventures, Kima Ventures, Richard Branson, Seedcamp, Valar Ventures
May 13 2013 $6.00m Series A IA Ventures, Kima Ventures, Seedcamp, SV Angel, Valar Ventures
April 17 2012 $1.30m Seed round IA Ventures, Index, Kima Ventures, Localglobe, Seedcamp,
August 01 2011 $71k Seed round Seedcamp

investors

SHOW ALL (13)