OverviewSuggest Edit

TransferWise is a company providing international money transfer services. The Company enables users to send money abroad to a list of countries using multi-currency accounts. It also offers an application that allows users to track their transfers on the go, and make new ones. ... Show more
TypePrivate
Founded2010
HQLondon, GB
Websitetransferwise.com
Employee Ratings4.7

Latest Updates

Employees (est.) (Jan 2019)1,400(+8%)
Job Openings99
Revenue (FY, 2018)£117.3 M(+77%)

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 London, Dubai, Kuala Lumpur, Singapore and in 7 other locations
London, GB (HQ)
6th Floor, The Tea Building 56 Shoreditch High St
Pyrmont, AU
100 Harris St
Tallinn, EE
24 Veerenni
Budapest, HU
126 Lajos u.
Chiyoda, JP
Otemachi Building, 1-6-1 Otemachi
Kuala Lumpur, MY
Ilham Tower 8 Jln Binjai
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TransferWise Financials and Metrics

Summary Metrics

TransferWise's latest funding round in November 2018 was reported to be $85.2 m. In total, TransferWise has raised $481.5 m. TransferWise's latest valuation is reported to be $1.6 b.
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TransferWise Revenue

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TransferWise's revenue was reported to be £117.28 m in FY, 2018 which is a 76.8% increase from the previous period.
GBP

Revenue (FY, 2018)

117.3m

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

76.8%

Gross profit (FY, 2018)

77.5m

Gross profit margin (FY, 2018), %

66.1%

Net income (FY, 2018)

6.2m

EBIT (FY, 2018)

9.5m

Market valuation

1.6b

Cash (31-Mar-2018)

301.2m

EV

1.3b
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

9.7m27.9m66.3m117.3m

Revenue growth, %

187%138%77%

Cost of goods sold

4.5m12.4m20.3m39.8m

Gross profit

5.2m15.4m46.1m77.5m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

3.5m5.3m46.5m47.8m71.4m301.2m

Accounts Receivable

227.7k99.7k3.5m30.4m41.2m

Prepaid Expenses

558.0k812.0k2.3m1.9m

Current Assets

3.7m5.5m48.1m55.4m110.7m353.8m
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(11.1m)(17.6m)6.2m6.2m

Depreciation and Amortization

233.0k651.0k2.1m3.9m

Accounts Payable

8.6m13.3m2.4m4.7m

Cash From Operating Activities

(3.7m)(9.4m)16.3m190.8m
GBPY, 2018

EV/EBIT

138.8 x

EV/CFO

6.9 x

Revenue/Employee

129.5k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

3.5 x
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TransferWise Operating Metrics

TransferWise's Customers was reported to be 4 m in Sep, 2018.
Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Mar, 2016Mar, 2017May, 2017Nov, 2017Mar, 2018Q4, 2018Sep, 2018

Customers

10 k1 m2 m3 m4 m

Monthly Transactions

400 k800 k1.40 m

Cumulative Amount Transferred

$10 m$50 m$645 m$2.90 b

Monthly Average Transfers

1.70 k16 k100 k325 k
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TransferWise Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
TransferWise Brasil Correspondente Cambial Ltda.
TransferWise Canada Inc
TransferWise Inc.
TransferWise India Private Limited
TransferWise Japan Kabushiki Gaisha
TransferWise Malaysia Sdn. BHd.
TransferWise Singapore PTE Ltd

TransferWise Revenue Breakdown

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TransferWise revenue breakdown by geographic segment: 51.0% from Europe, 20.0% from U.S. and 29.0% from Rest of World

Human Capital Metrics

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TransferWise Online and Social Media Presence

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TransferWise News and Updates

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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.
pinned

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 opens Belgian office ahead of Brexit

London-based fintech unicorn TransferWise is applying for a money transfer license in Brussels as it...

TransferWise applies for Belgian license amid Brexit fears

Transferwise, the cross-border payments unicorn, has announced it’s in the process of applying for a Belgian license, in order to ensure a continuity of service to its European customers in the event of a no-deal Brexit. The company also plans to open an office in the Belgian capital, although has p…

TransferWise applies for license in Brussels in preparation for Brexit

London-based financial technology startup TransferWise is applying for a money-transfer license in Brussels, in a bid to ensure its business is not disrupted if Britain crashes out of the European Union without a divorce deal, it said on Thursday.

As Brexit looms, TransferWise seeks EU payments license in Brussels

With Brexit looming for U.K. businesses, TransferWise today revealed it has applied for a license to operate in Belgium.
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TransferWise Company Life and Culture

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TransferWise Frequently Asked Questions

  • When was TransferWise founded?

    TransferWise was founded in 2010.

  • Who are TransferWise key executives?

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

  • How many employees does TransferWise have?

    TransferWise has 1,400 employees.

  • What is TransferWise revenue?

    Latest TransferWise annual revenue is £117.3 m.

  • What is TransferWise revenue per employee?

    Latest TransferWise revenue per employee is £83.8 k.

  • Who are TransferWise competitors?

    Competitors of TransferWise include N26, Western Union and CurrencyFair.

  • Where is TransferWise headquarters?

    TransferWise headquarters is located at 6th Floor, The Tea Building 56 Shoreditch High St, London.

  • Where are TransferWise offices?

    TransferWise has offices in London, Dubai, Kuala Lumpur, Singapore and in 7 other locations.

  • How many offices does TransferWise have?

    TransferWise has 11 offices.