TransferWise lets expats, foreign students and businesses move money globally. The firm's pricing and operating model are a substantial departure from standard practice in the money transfer sector, providing customers with a lower-cost alternative to traditional means of moving money internationally.

TransferWise was founded in London in March 2010 by Taavet Hinrikus and Kristo Kaarmann. Taavet was part of the small team that started Skype in 2003 and has recently worked with a number of startups as an angel investor and advisor. Kristo had a financial services background from Deloitte and PricewaterhouseCoopers.

Team and Culture:

  • No ties. No collars. Just excellence.
  • Company holidays, team lunches, nights out and table tennis on tap.
  • Everyone gets share options.
  • Oh, and there’s a sauna. In the office.

London, GB
611 (est)+2%

Key People at Transferwise

Kristo Kaarmann

Kristo Kaarmann

Co-Founder and CEO
Jo White

Jo White

PR Director
Nilan Peiris

Nilan Peiris

VP of Growth
Joe Cross

Joe Cross

General Manager, USA
Taavet Hinrikus

Taavet Hinrikus

Steve Pole

Steve Pole

Engineering Lead
Scott Miller

Scott Miller

VP Global Partnerships
Harsh Sinha

Harsh Sinha

VP of Engineering

Transferwise Locations

London, GB
Tallinn, EE
Cherkasy, UA
New York, US
Tampa, US
Budapest, HU
Sydney, AU

Transferwise Metrics

Transferwise Summary

Founding Date


Market valuation

£808 M

Total Funding

$116 M

Latest funding size

$26 M

Time since last funding

5 months


Transferwise Financials

Y, 2014FY, 2015Y, 2015


£1.9 M£9.72 M£9.7 M

Cost of goods sold

£400 K££4.5 M

Gross profit

£1.5 M£5.18 M£5.2 M

Gross profit Margin, %


Operating expense total

£3.5 M£16.6 M£17.9 M


£-2 M££-11.4 M

EBIT margin, %


Interest expense

£8.87 K££7.28 K

Pre tax profit

£-2 M££-11.4 M

Net Income

£-2 M££-11.4 M

Transferwise Operating Metrics

Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016

Cumulative amount transferred

$10$50$645$2.9 K

Average transfers per Month

1.7 K16 K100 K325 K


10 K

Average transfer value

$1.5 K

Average monthly transaction volume

£500 M

Transferwise Online Presence

Transferwise News

Transferwise Company Life