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.
HQLondon, GB
Size (employees)1,200 (est)+50%
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
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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


Transferwise total Funding

$396.3 m

Transferwise latest funding size

$280 m

Time since last funding

a year ago

Transferwise 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 Revenue

Transferwise's revenue was reported to be $117 m in FY, 2018 which is a 74.6% increase from the previous period.

Revenue (FY, 2018)


Revenue growth (FY, 2017 - FY, 2018), %


Net income (FY, 2018)


EBIT (FY, 2018)


Market valuation


Cash (31-Mar-2017)

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018



Revenue growth, %


Cost of goods sold


Gross profit

GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017



Accounts Receivable


Current Assets



GBPFY, 2015FY, 2016FY, 2017

Net Income


Cash From Operating Activities


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Net Change in Cash

USDY, 2018


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Transferwise Operating Metrics

Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016May, 2017Dec, 2017Jan, 2018Apr, 2018Q3, 2018

Active Contracts per Month

100 k

Average Monthly Transaction Volume

£500 m£1 b$2 b

Calls Replied Per Week

3 k

Monthly Average Transfers

1.70 k16 k100 k325 k2 b
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Human Capital Metrics

Transferwise's employees are reported to be approximately 34% female and 66% male.
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Transferwise Online and Social Media Presence

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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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Transferwise Company Life and Culture

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