Company Growth (employees)
Transferwise was founded in 2010 and is headquartered in London, GB
Key People at Transferwise
Kristo Kaarmann
Founder & CEO
Harsh Sinha
VP of Engineering
Joe Cross
General Manager, USA
Scott Miller
VP Global Partnerships
Taavet Hinrikus
Chairman and Board Member
Steve Pole
Engineering Lead
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.
Transferwise Data and Metrics
Summary Metrics
Founding Date | 2010 |
Total Funding | $116.4 m |
Latest funding size | $26 m |
Time since last funding | about 1 year |
Investors | Index Ventures, Localglobe, Kima Ventures, SV Angel, Richard Branson, Andreessen Horowitz, Valar Ventures, SeedCamp, Firestartr, Baillie Gifford, IA Ventures |
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.
GBP
Revenue (FY, 2016) | 27.9 m |
Revenue growth (FY, 2015 - FY, 2016), % | 187% |
Gross profit (FY, 2016) | 15.4 m |
Gross profit margin (FY, 2016), % | 55% |
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
| GBP | FY, 2014 | FY, 2015 | FY, 2016A |
|---|---|---|---|
Revenue | 1.9 m | 9.7 m | 27.9 m |
Revenue growth, % | 411% | 187% | |
Cost of goods sold | 400 k | 4.5 m | 12.4 m |
Gross profit | 1.5 m | 5.2 m | 15.4 m |
Gross profit Margin, % | 79% | 54% | 55% |
Operating expense total | 3.5 m | 17.9 m | 32.8 m |
EBIT | (2 m) | (11.4 m) | (17.4 m) |
EBIT margin, % | (105%) | (118%) | (62%) |
Interest expense | 8.9 k | 7.3 k | 33 k |
Pre tax profit | (2 m) | (11.4 m) | (17.4 m) |
Net Income | (2 m) | (11.4 m) | (17.6 m) |
- Source: Forbes
- A: Business Insider
| GBP | FY, 2014 | Y, 2015 | FY, 2016 |
|---|---|---|---|
Cash | 5.3 m | 45.5 m | 47.8 m |
Accounts Receivable | 99.7 k | ||
Current Assets | 5.5 m | 48.1 m | 55.4 m |
PP&E | 151.2 k | 372 k | 1.7 m |
Goodwill | 374.6 k | 1.3 m | 3.8 m |
Total Assets | 6 m | 49.8 m | 60.9 m |
Accounts Payable | 4 m | 1.5 m | 787 k |
Current Liabilities | 4 m | 12.1 m | 25.8 m |
Total Liabilities | 4 m | 12.1 m | 25.8 m |
Retained Earnings | (11.1 m) | (17.6 m) | |
Total Equity | 2.1 m | 37.7 m | 35.1 m |
Financial Leverage | 2.9 x | 1.3 x | 1.7 x |
| GBP | FY, 2015 | FY, 2016 |
|---|---|---|
Cash From Operating Activities | (3.7 m) | (9.4 m) |
Cash From Financing Activities | 46.7 m | 14.7 m |
Income Taxes Paid | (168 k) |
| GBP | Y, 2016 |
|---|---|
Revenue/Employee | 70.3 k |
Financial Leverage | 1.7 x |
Transferwise Operating Metrics
Transferwise's Customers was reported to be 1 m in May, 2017
