TransferWise provides international money transfer services. The Company enables users to send money to the United Kingdom, the United States, France, Spain, Poland, Europe, Italy, Germany, Ireland, and Portugal. It also provides an application that enables users to track their transfers on the go, or make new ones.
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
800 (est)+15%
Transferwise was founded in 2010 and is headquartered in London, GB
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Key People/Management at Transferwise

Taavet Hinrikus

Taavet Hinrikus

Founder, CEO
Kristo Kaarmann

Kristo Kaarmann

Executive Founder

Transferwise Office Locations

Transferwise has offices in Tokyo, Singapore, Sydney, Tampa and in 5 other locations
London, GB (HQ)
6th Floor, TEA Building, 56 Shoreditch High Street
Sydney, AU
1 Farrer Place
Tallinn, EE
24 Veerenni
Budapest, HU
126 Lajos u.
Singapore, SG
6 Raffles Quay
Cherkasy, UA
46 Smilyans'ka St
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Transferwise Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$396.3 m

Latest funding size

$280 m

Time since last funding

8 months ago

Investors

Transferwise's latest funding round in November 2017 was reported to be $280 m. In total, Transferwise has raised $396.3 m. Transferwise's latest valuation is reported to be $1.6 b.
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Transferwise Financials

Transferwise's revenue was reported to be £67.01 m in FY, 2017
GBP

Revenue (FY, 2017)

67 m

Gross profit (FY, 2017)

46.1 m

Gross profit margin (FY, 2017), %

68.7%

Net income (FY, 2017)

6.7 m

EBITDA (FY, 2017)

778 k

EBIT (FY, 2017)

(56 k)

Market valuation

1.6 b

Cash (31-Mar-2017)

60.3 m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.9 m9.7 m27.9 m67 m

Revenue growth, %

411%187%

Cost of goods sold

400 k4.5 m12.4 m20.9 m

Gross profit

1.5 m5.2 m15.4 m46.1 m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

47.6 k738.4 k3.5 m5.3 m46.5 m47.8 m60.3 m

Accounts Receivable

8 k227.7 k99.7 k

Current Assets

55.6 k738.8 k3.7 m5.5 m48.1 m55.4 m100.5 m

PP&E

149.1 k372 k1.7 m2.6 m
GBPFY, 2015FY, 2016FY, 2017

Net Income

(11.1 m)(17.6 m)6.7 m

Cash From Operating Activities

(3.7 m)(9.4 m)16.3 m

Cash From Financing Activities

46.7 m14.7 m4.6 m

Net Change in Cash

41.6 m780 k13.5 m
GBPY, 2017

Revenue/Employee

156 k

Financial Leverage

2.4 x
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Transferwise Operating Metrics

Transferwise's Customers was reported to be 3 m in Apr, 2018.
Y, 2013Q2, 2016May, 2017Nov, 2017Dec, 2017Jan, 2018Apr, 2018

Average Monthly Transaction Volume

£500 m£1 b$2 b

Calls Replied Per Week

3 k

Customers

10 k1 m2 m3 m

Emails Replied Per Week

25 k
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Transferwise Online and Social Media Presence

Embed Graph
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Transferwise News and Updates

Transferwise 'would not set up in London' if launching now

Transferwise 'would not set up in London' if launching nowTaavet 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.

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar Company

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar CompanyThe London money-transfer startup TransferWise is now worth nearly $1 billion, a huge milestone for any tech startup — especially in Europe.

Transferwise joins first major European bank BPCE for fintech partnership

Out with the old and in with the new: digital money transfer service Transferwise has partnered with Banques Populaires’ and Caisses d’Espargne (BPCE), France’s second largest bank, to integrate its API directly into BPCE’s banking apps. Set to go live at the beginning of 2019, the partnership be…

The Old Lady of Threadneedle Street moves with the fintech times

The future of financial services regulation is a hot topic these days and it’s risen up the agenda thanks to a number of reasons. Most obviously, Brexit has necessitated a major debate about the direction of regulation, with competing voices calling for either robust mutual recognition (favoured …

Transferwise becomes first non-bank to join Faster Payments

Transferwise last week became the first non-bank to join the UK's Faster Payments system, in a landmark step which the Bank of England (BoE) hopes will boost competition in the payments sector. The fintech unicorn, which provides foreign exchange services, joined the system last Friday, the BoE a…

Transferwise backer Draper Esprit sees its value soar above expectations

Tech-focused venture capital firm Draper Esprit announced this morning that the value of its portfolio has more than doubled over the past year, to £244m. The firm, which has invested in businesses such as customer review site Trustpilot and indirectly backs fintech "unicorn" Transferwise, put th…
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