Transferwise

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.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
800 (est)+15%
Transferwise was founded in 2010 and is headquartered in London, GB

Key People/Management at Transferwise

Taavet Hinrikus

Taavet Hinrikus

Founder, CEO
Kristo Käärmann

Kristo Käärmann

Executive Founder

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
Tallinn, EE
24 Veerenni
Budapest, HU
126 Lajos u.
Singapore, SG
6 Raffles Quay
New York, US
19 W 24th St
Tampa, US
4012 Gunn Hwy
Show all (9)

Transferwise Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$396.3 m

Latest funding size

$280 m

Time since last funding

4 months

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.

Transferwise Financials

Transferwise's revenue was reported to be £67 m in FY, 2017 which is a 141% increase from the previous period.
GBP

Revenue (FY, 2017)

67 m

Gross profit (FY, 2017)

46.1 m

Gross profit margin (FY, 2017), %

69%

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
      Show all financial metrics

      Transferwise Operating Metrics

      Transferwise's Customers was reported to be 2 m in Nov, 2017
      Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016May, 2017Nov, 2017Dec, 2017Jan, 2018

      Cumulative Amount Transferred

      $10 m$50 m$645 m$2.9 b

      Monthly Average Transfers

      1.7 k16 k100 k325 k

      Customers

      10 k1 m2 m

      Average Transfer Value

      $1.5 k
      Show all operating metrics
      We estimate that Transferwise's current employees are approximately 34% female and 66% male.
      Show all human capital metrics

      Transferwise's Web-traffic and Trends

      Transferwise Online and Social Media Presence

      Transferwise News and Updates

      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.

      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.

      Transferwise Company Life and Culture

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