Transferwise was founded in 2010 and is headquartered in London, GB
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Key People/Management at Transferwise
Taavet Hinrikus
Founder, CEO
Kristo Käärmann
Executive Founder
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Transferwise Office Locations
Transferwise has offices in Tokyo, Singapore, Sydney, Tampa and in 5 other locations
London, GB (HQ)
6th Floor, TEA Building, 56 Shoreditch High Street
Sydney, AU
1 Farrer Place
Tallinn, EE
24 Veerenni
Budapest, HU
126 Lajos u.
Singapore, SG
6 Raffles Quay
Cherkasy, UA
46 Smilyans'ka St
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Transferwise Financials and Metrics
Summary Metrics
Founding Date | 2010 |
Total Funding | $396.3 m |
Latest funding size | $280 m |
Time since last funding | 6 months ago |
Investors | Sapphire Ventures, Mitsui & Co, IVP, World Innovation Lab, Richard Branson, Valar Ventures, Andreessen Horowitz, Baillie Gifford, IA Ventures, Old Mutual Global 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 £67.01 m in FY, 2017
| GBP | |
|---|---|
Revenue (FY, 2017) | 67 m |
Gross profit (FY, 2017) | 46.1 m |
Gross profit margin (FY, 2017), % | 68.7% |
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 |
| GBP | Y, 2017 |
|---|---|
Revenue/Employee | 156 k |
Financial Leverage | 2.4 x |
Transferwise Operating Metrics
Transferwise's Customers was reported to be 3 m in Apr, 2018.
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Transferwise News and Updates
April 15, 2017
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.January 26, 2015
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.April 19, 2018
The Old Lady of Threadneedle Street moves with the fintech times
The future of financial services regulation is a hot topic these days and it’s risen up the agenda thanks to a number of reasons. Most obviously, Brexit has necessitated a major debate about the direction of regulation, with competing voices calling for either robust mutual recognition (favoured …
April 18, 2018
Transferwise becomes first non-bank to join Faster Payments
Transferwise last week became the first non-bank to join the UK's Faster Payments system, in a landmark step which the Bank of England (BoE) hopes will boost competition in the payments sector. The fintech unicorn, which provides foreign exchange services, joined the system last Friday, the BoE a…
April 16, 2018
Transferwise backer Draper Esprit sees its value soar above expectations
Tech-focused venture capital firm Draper Esprit announced this morning that the value of its portfolio has more than doubled over the past year, to £244m. The firm, which has invested in businesses such as customer review site Trustpilot and indirectly backs fintech "unicorn" Transferwise, put th…
January 09, 2018
Transferwise is launching a consumer account and debit card
Transferwise is moving another step closer to banking territory with the expansion of its "borderless" account to consumers. The accounts can hold cash in more than 20 different currencies and will initially role out to 1,000 users following its launch last year for businesses. Read more: Here…
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