TransferWise is a money transfer service allowing private individuals and businesses to send money abroad without hidden charges. Using only real exchange rates and tiny not-hidden-fees, it lets expats, foreign students and businesses move money globally. The TransferWise'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.
Company Growth (employees)
London, GB
Size (employees)
700 (est)+17%
Transferwise was founded in 2010 and is headquartered in London, GB

Key People at Transferwise

Kristo Kaarmann

Kristo Kaarmann

Founder & CEO
Harsh Sinha

Harsh Sinha

VP of Engineering
Joe Cross

Joe Cross

General Manager, USA
Scott Miller

Scott Miller

VP Global Partnerships
Taavet Hinrikus

Taavet Hinrikus

Chairman and Board Member
Steve Pole

Steve Pole

Engineering Lead
Nilan Peiris

Nilan Peiris

VP of Growth

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
Singapore, SG
6 Raffles Quay
Sydney, AU
1 Farrer Place
Tampa, US
4012 Gunn Hwy
Cherkasy, UA
46 Smilyans'ka St
Budapest, HU
126 Lajos u.
Show all (9)

Transferwise Data and Metrics

Summary Metrics

Founding Date


Total Funding

$116.4 m

Latest funding size

$26 m

Time since last funding

over 1 year


Transferwise's latest funding round in May 2016 was reported to be $26 m. In total, Transferwise has raised $116.4 m. Transferwise's latest valuation is reported to be £1.1 b.

Transferwise Financial Metrics

Transferwise's revenue was reported to be £27.9 m in FY, 2016 which is a 187% increase from the previous period.

Revenue (FY, 2016)

27.9 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

15.4 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(17.6 m)

EBIT (FY, 2016)

(17.4 m)

Market valuation

1.1 b

Cash (31-Mar-2016)

47.8 m
  • Source: Company Filings, Forbes
GBPFY, 2014FY, 2015FY, 2016A


1.9 m9.7 m27.9 m

Revenue growth, %


Cost of goods sold

400 k4.5 m12.4 m

Gross profit

1.5 m5.2 m15.4 m
GBPFY, 2014Y, 2015FY, 2016


5.3 m45.5 m47.8 m

Accounts Receivable

99.7 k

Current Assets

5.5 m48.1 m55.4 m


151.2 k372 k1.7 m
GBPFY, 2015FY, 2016

Cash From Operating Activities

(3.7 m)(9.4 m)

Cash From Financing Activities

46.7 m14.7 m

Income Taxes Paid

(168 k)
GBPY, 2016


70.3 k

Financial Leverage

1.7 x
Show all financial metrics

Transferwise Operating Metrics

Transferwise's Customers was reported to be 1 m in May, 2017
Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016May, 2017

Cumulative Amount Transferred

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

Monthly Average Transfers

1.7 k16 k100 k325 k


10 k1 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.

Transferwise Job Categories

Show all human capital metrics

Traffic Overview of Transferwise

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 founders to sell first shares in fintech unicorn funding round

The two founders of Transferwise will sell part of their stakes in the foreign exchange start-up as part of a funding round valuing the fintech darling at $1.6bn (£1.2bn), according to reports. Taavet Hinrikus and Kristo Kaarmann are set to sell small parts of their 40 per cent ownership of the f…

TransferWise launches ‘Borderless’ account for businesses, sole traders and freelancers

 Having already taken a significant chunk of the international money transfer market away from the major banks, London-headquartered TransferWise has its sights set on the bank account itself. Read More

TransferWise says its on track to do £100 million in revenue this year and is profitable

LONDON — Online money transfer business TransferWise says it is on track for revenues of £100 million ($128.97 million) this year and is profitable on an operational basis. In a business update on Wednesday, the closely-watched startup said it is currently doing £8 million a…

Fintech unicorn TransferWise reaches profitability, planning ‘new financial services’

 What’s more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar ye…
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Transferwise Company Life and Culture

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