| Type | Private |
| HQ | London, GB |
| Founded | 2010 |
| Size (employees) | 1,200 (est)+19% |
| Website | transferwise.com |
Transferwise was founded in 2010 and is headquartered in London, GB
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Viewing summary data as a guest
Sign up for free to see all dataKey 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, (HQ)
6th Floor, The Tea Building 56 Shoreditch High St
Pyrmont,
100 Harris St
Tallinn,
24 Veerenni
Budapest,
126 Lajos u.
Chiyoda,
Otemachi Building, 1-6-1 Otemachi
Kuala Lumpur,
Ilham Tower 8 Jln Binjai
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Transferwise Financials and Metrics
Summary Metrics
Founding Date | 2010 |
Transferwise total Funding | $480.6 m |
Transferwise latest funding size | $84.27 m |
Time since last funding | a month ago |
Transferwise investors | Sapphire Ventures, Mitsui & Co, Richard Branson, LHV Ventures, IA Ventures, Old Mutual Global Investors, Matt Whittle, JP Morgan, Andres Kitter, IVP, World Innovation Lab, NatWest Bank, Valar Ventures, Andreessen Horowitz, Baillie Gifford |
Transferwise's latest funding round in November 2018 was reported to be $84.3 m. In total, Transferwise has raised $480.6 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
Transferwise's employees are reported to be approximately 34% female and 66% male.
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Transferwise Online and Social Media Presence
55.55k Twitter followers
Transferwise has 55.55k Twitter Followers. The number of followers has increased 1.7% month over month and increased 7.1% 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.November 20, 2018
Transferwise debuts Open API
7 years ago, we set out to make the world of finance more fair. Our mission has always been simple:...
November 14, 2018
Transferwise repackages its business banking with a debit card
Fintech unicorn Transferwise is today relaunching its business banking effort to include a debit card, integration with accounting platform Xero and an open access developer channel. The newly-revised business product will provide a Transferwise Business debit card for spending both online and in…
June 04, 2018
Transferwise joins first major European bank BPCE for fintech partnership
Out with the old and in with the new: digital money transfer service Transferwise has partnered with Banques Populaires’ and Caisses d’Espargne (BPCE), France’s second largest bank, to integrate its API directly into BPCE’s banking apps. Set to go live at the beginning of 2019, the partnership be…
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 …
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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 1,200 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 £97.7 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.