OverviewSuggest Edit

TransferWise is a foreign exchange and money remittance company. It provides a mobile app that enables users to send money abroad at the real exchange rate and track transfers in their accounts. The company serves expats, foreign students, and businesses.

HQLondon, GB
Employee Ratings4.5

Latest Updates

Employees (est.) (Dec 2019)2,000(+43%)
Revenue (FY, 2019)£179.1 M(+53%)

Key People/Management at TransferWise

Kristo Käärmann

Kristo Käärmann

Founder and CEO
Taavet Hinrikus

Taavet Hinrikus

Founder and Chairman
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TransferWise Office Locations

TransferWise has offices in London, New York, Tampa, Collingwood and in 7 other locations
London, GB (HQ)
56 Shoreditch High St, Shoreditch
Collingwood, AU
36-38 Gipps St
Tallinn, EE
Veerenni 24
Chiyoda, JP
Otemachi Building, 1-6-1 Otemachi
Cherkasy, UA
Smilyanska 46, 2nd floor
New York, US
19 W 24th St Floor 9
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TransferWise Financials and Metrics

Summary Metrics

TransferWise's latest funding round in May 2019 was reported to be $292 m. In total, TransferWise has raised $688.3 m. TransferWise's latest valuation is reported to be $3.5 b.
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TransferWise Revenue

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TransferWise's revenue was reported to be £179.10 m in FY, 2019 which is a 52.7% increase from the previous period.

Revenue (FY, 2019)


Revenue growth (FY, 2018 - FY, 2019), %


Gross profit (FY, 2019)


Gross profit margin (FY, 2019), %


Net income (FY, 2019)


EBIT (FY, 2019)


Market valuation


Cash (31-Mar-2019)

GBPFY, 2017FY, 2018FY, 2019



Revenue growth, %


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GBPFY, 2011FY, 2012FY, 2017FY, 2018FY, 2019



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GBPFY, 2017FY, 2018FY, 2019

Net Income


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Cash From Operating Activities

GBPY, 2019



Financial Leverage

8.8 x
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TransferWise Operating Metrics

TransferWise's Customers was reported to be 6 m in Sep, 2019.
Mar, 2017May, 2017Nov, 2017Dec, 2017Q4, 2018Sep, 2018Jan, 2019Q4, 2019May, 2019Sep, 2019


1 m2 m3 m4 m5 m5 m6 m

Monthly Transactions

800 k

Average Monthly Transaction Volume

£1 b$2 b£2 b£3 b£4 b£4 b£4 b


42 69 70
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TransferWise Acquisitions / Subsidiaries

Company NameDateDeal Size
PT TransferWise International Indonesia
TransferWise Australia Pty Ltd
TransferWise Borderless Limited
TransferWise Brasil Correspondente Cambial Ltda.
TransferWise Canada Inc
TransferWise Europe S.A.
TransferWise Inc.
TransferWise India Private Limited
TransferWise Japan Kabushiki Gaisha
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TransferWise Revenue Breakdown

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TransferWise revenue breakdown by geographic segment: 10.5% from Rest of World, 12.5% from U.S., 27.0% from Europe, 10.5% from Rest of World, 12.5% from U.S. and 27.0% from Europe

Human Capital Metrics

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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.

Santander takes on TransferWise with UK launch of PagoFX

Banco Santander has launched a cross-border payments app PagoFX in the UK, taking on the might of ri...

TransferWise targets China through Alipay partnership

Global technology company TransferWise, today announced a partnership with Alipay, the world’s leadi...

TransferWise partners with Alipay for international money transfers

TransferWise, the London-headquartered international money transfer service most recently valued by investors at $3.5 billion, has partnered with China’s Aliplay for international transfers. The launch enables TransferWise’s now 7 million-plus users to be able to send Chinese yuan from 17 currencies…

TransferWise partners with Alipay to enable money transfers to China

The startup enabled money transfers to six Asian e-wallets last year as part of its regional expansion plans.
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TransferWise Frequently Asked Questions

  • When was TransferWise founded?

    TransferWise was founded in 2011.

  • Who are TransferWise key executives?

    TransferWise's key executives are Kristo Käärmann and Taavet Hinrikus.

  • How many employees does TransferWise have?

    TransferWise has 2,000 employees.

  • What is TransferWise revenue?

    Latest TransferWise annual revenue is £179.1 m.

  • What is TransferWise revenue per employee?

    Latest TransferWise revenue per employee is £89.6 k.

  • Who are TransferWise competitors?

    Competitors of TransferWise include Payoneer, Azimo and WorldRemit.

  • Where is TransferWise headquarters?

    TransferWise headquarters is located at 56 Shoreditch High St, Shoreditch, London.

  • Where are TransferWise offices?

    TransferWise has offices in London, New York, Tampa, Collingwood and in 7 other locations.

  • How many offices does TransferWise have?

    TransferWise has 12 offices.