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
| Type | Private | |
| Founded | 2010 | |
| HQ | London, GB | Map |
| Website | transferwise.com | |
| Employee Ratings | More |
Key People/Management at TransferWise
Taavet Hinrikus
Founder, CEO
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
Founding Date | 2010 |
TransferWise total Funding | $481.5 m |
TransferWise latest funding size | $85.18 m |
Time since last funding | 3 months ago |
TransferWise investors | Sapphire Ventures, ACE & Company, Mosaic Ventures, Mitsui & Co, Richard Branson, LHV Ventures, SeedCamp, IVP (Institutional Venture Partners), Firestartr, The Accelerator Group, IA Ventures, Old Mutual Global Investors, JP Morgan, Virgin Group, World Innovation Lab, NatWest Bank, Kima Ventures, SV Angel, Andreessen Horowitz, Baillie Gifford, Valar Ventures, Index Ventures |
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.
TransferWise Revenue
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 |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|
Cash | 3.5m | 5.3m | 46.5m | 47.8m | 71.4m | 301.2m |
Accounts Receivable | 227.7k | 99.7k | 3.5m | 30.4m | 41.2m | |
Prepaid Expenses | 558.0k | 812.0k | 2.3m | 1.9m | ||
Current Assets | 3.7m | 5.5m | 48.1m | 55.4m | 110.7m | 353.8m |
| GBP | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|
Net Income | (11.1m) | (17.6m) | 6.2m | 6.2m |
Depreciation and Amortization | 233.0k | 651.0k | 2.1m | 3.9m |
Accounts Payable | 8.6m | 13.3m | 2.4m | 4.7m |
Cash From Operating Activities | (3.7m) | (9.4m) | 16.3m | 190.8m |
| GBP | Y, 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 |
TransferWise Operating Metrics
TransferWise's Customers was reported to be 4 m in Sep, 2018.
TransferWise Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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
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
57.3k Twitter followers
TransferWise has 57.3k Twitter Followers. The number of followers has increased 1.6% month over month and increased 4.9% quarter over quarter
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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.January 10, 2019
TransferWise opens Belgian office ahead of Brexit
London-based fintech unicorn TransferWise is applying for a money transfer license in Brussels as it...
January 10, 2019
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…
January 10, 2019
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.
January 10, 2019
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.