Transferwise

TransferWise provides international money transfer services. The Company enables users to send money to the United Kingdom, the United States, France, Spain, Poland, Europe, Italy, Germany, Ireland, and Portugal. It also provides an application that enables users to track their transfers on the go, or make new ones.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2010
Size (employees)
800 (est)+15%
Transferwise was founded in 2010 and is headquartered in London, GB

Key People/Management 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 Financials and Metrics

Summary Metrics

Transferwise's latest funding round in November 2017 was reported to be $280 m. In total, Transferwise has raised $396.4 m. Transferwise's latest valuation is reported to be $1.6 b.

Transferwise Financials

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)

EBITDA (FY, 2016)

(17.3 m)

EBIT (FY, 2016)

(17.4 m)

Market valuation

1.6 b

Cash (31-Mar-2016)

47.8 m
GBPFY, 2014FY, 2015FY, 2016

Revenue

1.9 m9.7 m27.9 m

Revenue growth, %

411%187%

Cost of goods sold

400 k4.5 m12.4 m

Gross profit

1.5 m5.2 m15.4 m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015Y, 2015FY, 2016

Cash

47.6 k738.4 k3.5 m5.3 m46.5 m45.5 m47.8 m

Accounts Receivable

8 k227.7 k99.7 k

Current Assets

55.6 k738.8 k3.7 m5.5 m48.1 m48.1 m55.4 m

PP&E

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

    Net Income

    (11.1 m)(17.6 m)

    Cash From Operating Activities

    (3.7 m)(9.4 m)

    Cash From Financing Activities

    46.7 m14.7 m

    Net Change in Cash

    41.6 m780 k
      GBPY, 2016

      Revenue/Employee

      90.6 k

      Financial Leverage

      1.7 x
      Show all financial metrics

      Transferwise Operating Metrics

      Transferwise's Customers was reported to be 2 m in Nov, 2017
      Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016May, 2017Nov, 2017

      Cumulative Amount Transferred

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

      Monthly Average Transfers

      1.7 k16 k100 k325 k

      Customers

      10 k1 m2 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.
      Show all human capital metrics

      Transferwise's Web-traffic and Trends

      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.

      It’s official: Transferwise closes $280m funding from top investors

      One of the UK’s star fintech startups has closed a huge new funding round from top investors, including an early backer of Netflix, Snap and Twitter. Transferwise has raised $280m led by Silicon Valley venture firm IVP and Old Mutual Global Investors. Sapphire Ventures, Japan’s Mitsui & Co…

      Transferwise is shaking up its money transfer fees

      Star startup Transferwise is shaking up its fee structure as it chases profitability, the latest fintech to look more closely at how it charges customers.  The cost of transferring cash from the UK to Eurozone countries, Switzerland, the US and Australia has been lowered by between 0.1 and 0.35 p…

      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…

      Fintech unicorn Transferwise poised to get even more investment

      Transferwise set to receive large investment stake, helping the firm retain its unicorn status. The post Fintech unicorn Transferwise poised to get even more investment appeared first on Computer Business Review.
      Show more

      Transferwise Company Life and Culture

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