TransferWise lets people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. Headaches averted, and a revolution sparked. TransferWise lets expats, foreign students and businesses move money globally. The firm's pricing and operating model are a substantial departure from standard practice in the money transfer sector, providing customers with a lower-cost alternative to traditional means of moving money internationally.

Company Growth (employees)
London, GB
Size (employees)
600 (est)+37%
Transferwise was founded in 2010 and is headquartered in London, GB

Key People at Transferwise

Taavet Hinrikus

Taavet Hinrikus

Founder & CEO
Harsh Sinha

Harsh Sinha

VP of Engineering
Joe Cross

Joe Cross

General Manager, USA
Kristo Kaarmann

Kristo Kaarmann

Executive Founder
Scott Miller

Scott Miller

VP Global Partnerships
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
New York, US
40 E 58th St

Transferwise Metrics

Summary Metrics

Founding Date


Total Funding

$116.4 m

Latest funding size

$26 m

Time since last funding

11 months


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 £808.2 m.

Transferwise Financial Metrics

Revenue (2016)

£27.9 m

Revenue growth (2015-16), %


Gross profit

£15.4 m

Gross profit margin (2016), %


Net income (2016)

(£17.6 m)

Market valuation

£808.2 m

Cash (31-Dec-2015)

£45.5 m
  • Source: Company Filings, Forbes
Transferwise's revenue was reported to be £27.9 m in FY, 2016 which is a 187.1% increase from the previous period.
FY, 2014FY, 2015FY, 2016A


£1.9 m£9.7 m£27.9 m

Revenue growth, %


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, %


Operating expense total

£3.5 m£17.9 m£32.8 m


(£2 m)(£11.4 m)(£17.4 m)

EBIT margin, %


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)
Y, 2015


£45.5 m

Total Debt

£1.3 m

Transferwise Operating Metrics

Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Q2, 2016

Cumulative Amount Transferred

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

Monthly Average Transfers

1.7 k16 k100 k325 k


10 k

Average Transfer Value

$1.5 k

Average Monthly Transaction Volume

£500 m
We estimate that Transferwise's current employees are approximately 34% female and 66% male.

Transferwise Job Categories

Transferwise Online Presence

Transferwise News

Transferwise Company Life

You may also be interested in