Company Growth (employees)
Transferwise was founded in 2010 and is headquartered in London, GB
Key People at Transferwise
Kristo Kaarmann
Founder & CEO
Harsh Sinha
VP of Engineering
Joe Cross
General Manager, USA
Scott Miller
VP Global Partnerships
Taavet Hinrikus
Chairman and Board Member
Steve Pole
Engineering Lead
Nilan Peiris
VP of Growth
Transferwise Office Locations
Transferwise has offices in London, Tallinn, New York, Budapest and in 5 other locations
London, GB (HQ)
6th Floor, TEA Building, 56 Shoreditch High Street
Singapore, SG
6 Raffles Quay
Sydney, AU
1 Farrer Place
Tampa, US
4012 Gunn Hwy
Cherkasy, UA
46 Smilyans'ka St
Budapest, HU
126 Lajos u.
Transferwise Data and Metrics
Summary Metrics
Founding Date | 2010 |
Total Funding | $116.4 m |
Latest funding size | $26 m |
Time since last funding | over 1 year |
Investors | Index Ventures, Localglobe, Kima Ventures, SV Angel, Richard Branson, Andreessen Horowitz, Valar Ventures, SeedCamp, Firestartr, Baillie Gifford, IA Ventures |
Transferwise's latest funding round in May 2016 was reported to be $26 m. In total, Transferwise has raised $116.4 m. Transferwise's latest valuation is reported to be £1.1 b.
Transferwise Financial Metrics
Transferwise's revenue was reported to be £27.9 m in FY, 2016 which is a 187% increase from the previous period.
GBP
Revenue (FY, 2016) | 27.9 m |
Revenue growth (FY, 2015 - FY, 2016), % | 187% |
Gross profit (FY, 2016) | 15.4 m |
Gross profit margin (FY, 2016), % | 55% |
Net income (FY, 2016) | (17.6 m) |
EBIT (FY, 2016) | (17.4 m) |
Market valuation | 1.1 b |
Cash (31-Mar-2016) | 47.8 m |
- Source: Company Filings, Forbes
| GBP | FY, 2014 | FY, 2015 | FY, 2016A |
|---|---|---|---|
Revenue | 1.9 m | 9.7 m | 27.9 m |
Revenue growth, % | 411% | 187% | |
Cost of goods sold | 400 k | 4.5 m | 12.4 m |
Gross profit | 1.5 m | 5.2 m | 15.4 m |
- Source: Forbes
- A: Business Insider
| GBP | FY, 2014 | Y, 2015 | FY, 2016 |
|---|---|---|---|
Cash | 5.3 m | 45.5 m | 47.8 m |
Accounts Receivable | 99.7 k | ||
Current Assets | 5.5 m | 48.1 m | 55.4 m |
PP&E | 151.2 k | 372 k | 1.7 m |
| GBP | FY, 2015 | FY, 2016 |
|---|---|---|
Cash From Operating Activities | (3.7 m) | (9.4 m) |
Cash From Financing Activities | 46.7 m | 14.7 m |
Income Taxes Paid | (168 k) |
| GBP | Y, 2016 |
|---|---|
Revenue/Employee | 70.3 k |
Financial Leverage | 1.7 x |
Transferwise Operating Metrics
Transferwise's Customers was reported to be 1 m in May, 2017
| Y, 2011 | Y, 2012 | Y, 2013 | Y, 2014 | Y, 2015 | Q2, 2016 | May, 2017 | |
|---|---|---|---|---|---|---|---|
Cumulative Amount Transferred | $10 m | $50 m | $645 m | $2.9 b | |||
Monthly Average Transfers | 1.7 k | 16 k | 100 k | 325 k | |||
Customers | 10 k | 1 m | |||||
Average Transfer Value | $1.5 k |
We estimate that Transferwise's current employees are approximately 34% female and 66% male.
Transferwise Job Categories
Market Position of Transferwise
Traffic Overview of Transferwise
Transferwise Online and Social Media Presence
Transferwise News and Updates
April 15, 2017
Transferwise 'would not set up in London' if launching now
Taavet Hinrikus, the founder and CEO of money transfer service TransferWise, speaks to Adam Parsons about why London has become a hub for financial technology but explains why he wouldn't choose to headquarter his firm here if he was launching it today.January 26, 2015
How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar Company
The London money-transfer startup TransferWise is now worth nearly $1 billion, a huge milestone for any tech startup — especially in Europe.September 18, 2017
Transferwise founders to sell first shares in fintech unicorn funding round
The two founders of Transferwise will sell part of their stakes in the foreign exchange start-up as part of a funding round valuing the fintech darling at $1.6bn (£1.2bn), according to reports. Taavet Hinrikus and Kristo Kaarmann are set to sell small parts of their 40 per cent ownership of the f…
May 23, 2017
TransferWise launches ‘Borderless’ account for businesses, sole traders and freelancers
Having already taken a significant chunk of the international money transfer market away from the major banks, London-headquartered TransferWise has its sights set on the bank account itself. Read More
May 16, 2017
TransferWise says its on track to do £100 million in revenue this year and is profitable
LONDON — Online money transfer business TransferWise says it is on track for revenues of £100 million ($128.97 million) this year and is profitable on an operational basis.
In a business update on Wednesday, the closely-watched startup said it is currently doing £8 million a…
May 16, 2017
Fintech unicorn TransferWise reaches profitability, planning ‘new financial services’
What’s more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar ye…