OverviewSuggest Edit
TransferWise is a foreign exchange and money remittance company. It provides a mobile app that enables users to send money abroad at the real exchange rate and track transfers in their accounts. The company serves expats, foreign students, and businesses.
| Type | Private | |
| Founded | 2011 | |
| HQ | New York, NY, US | Map |
| Website | transferwise.com | |
| Employee Ratings | More |
Latest Updates
| Employees (est.) (Feb 2021) | 2,200 | (+5%) |
| Revenue (FY, 2020) | £302.6 M | (+69%) |
Key People/Management at TransferWise
Kristo Käärmann
Founder and CEO
Taavet Hinrikus
Founder and Chairman
TransferWise Office Locations
TransferWise has offices in New York, Tampa, Collingwood, Brussels and in 6 other locations
New York, NY, US (HQ)
19 W 24th St Floor 9
Tampa, FL, US
2000 E 11th Ave
Collingwood, AU
36-38 Gipps St
Tallinn, EE
Veerenni 24
Chiyoda, JP
Otemachi Building, 1-6-1 Otemachi
Cherkasy, UA
Smilyanska 46, 2nd floor
TransferWise Financials and Metrics
Summary Metrics
Founding Date | 2011 |
TransferWise total Funding | $1 b |
TransferWise latest funding size | $319 m |
Time since last funding | a year ago |
TransferWise investors | Kima Ventures, Index Ventures, The Accelerator Group, BlackRock, SV Angel, Sapphire Ventures, Andreessen Horowitz, Mitsui & Co, Lone Pine Capital, Richard Branson, Max Levchin, IA Ventures, ACE & Company, Valar Ventures, Lead Edge Capital, Vitruvian Partners, SeedCamp, Baillie Gifford, Virgin Group, Errol Damelin, Mosaic Ventures, Firestartr, Localglobe, IVP (Institutional Venture Partners), Old Mutual Global Investors, World Innovation Lab, D1 Capital Partners |
TransferWise's latest funding round in July 2020 was reported to be $319 m. In total, TransferWise has raised $1 b. TransferWise's latest valuation is reported to be $5 b.
TransferWise Revenue
TransferWise's revenue was reported to be £302.6 m in FY, 2020 which is a 69% increase from the previous period.
| GBP | |
|---|---|
Revenue (FY, 2020) | 302.6m |
Revenue growth (FY, 2019 - FY, 2020), % | 69% |
Gross profit (FY, 2020) | 185.0m |
Gross profit margin (FY, 2020), % | 61.1% |
Net income (FY, 2020) | 21.3m |
EBIT (FY, 2020) | 21.8m |
Market valuation | 5.0b |
Cash (31-Mar-2020) | 2.1b |
EV | 3.0b |
- Source: Company Filings, TechCrunch - July 2020
| GBP | FY, 2017 |
|---|---|
EV/EBIT | -2 k x |
EV/CFO | 63.7 x |
Revenue/Employee | 101.7k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 2.6 x |
TransferWise Operating Metrics
TransferWise's Customers was reported to be 8 m in Jul, 2020.
TransferWise Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| PT TransferWise International Indonesia | ||
| TINV Ltd. | ||
| TransferWise Australia Pty Ltd | ||
| TransferWise Borderless Limited | ||
| TransferWise Brasil Correspondente Cambial Ltda. | ||
| TransferWise Brasil Corretora de Câmbio Ltda | ||
| TransferWise Canada Inc | ||
| TransferWise Europe S.A. | ||
| TransferWise Hong Kong Limited | ||
| TransferWise Inc. |
TransferWise Revenue Breakdown
TransferWise revenue breakdown by geographic segment: 52.0% from Europe, 26.0% from United States and 22.0% from Rest of the World
TransferWise Online and Social Media Presence
1.48k Twitter followers
TransferWise has 1.48k Twitter Followers. The number of followers has increased 25.2% month over month and increased 58.9% quarter over quarter
TransferWise's Trends
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.February 22, 2021
Estonian-founded TransferWise becomes Wise
Now far more than way to transfer money across borders, TransferWise announces a rebrand to bring its name in line with its increasing portolio of services. Fintech start-up TransferWise is rebranding as Wise in order to reflect the firm’s expanded portfolio of services, which now stretches far beyo…
February 22, 2021
TransferWise rebrands as plain old 'Wise'
TransferWise has rebranded as Wise, dropping the money-moving focus of its brand to reflect the wider array of banking products it now provides to customers.
February 22, 2021
Transferwise rebrands to Wise ahead of London listing
A decade after its launch Transferwise has rebranded to Wise ahead of its long-awaited IPO. The fintech, which was most
The post Transferwise rebrands to Wise ahead of London listing appeared first on CityAM.
February 22, 2021
TransferWise to hire over 70 new employees in Singapore after rebrand
It also announced the appointment of Lim Paik Wan as country manager for Malaysia.
TransferWise Frequently Asked Questions
When was TransferWise founded?
TransferWise was founded in 2011.
Who are TransferWise key executives?
TransferWise's key executives are Kristo Käärmann and Taavet Hinrikus.
How many employees does TransferWise have?
TransferWise has 2,200 employees.
What is TransferWise revenue?
Latest TransferWise annual revenue is £302.6 m.
What is TransferWise revenue per employee?
Latest TransferWise revenue per employee is £137.5 k.
Who are TransferWise competitors?
Competitors of TransferWise include N26, Qonto and Payoneer.
Where is TransferWise headquarters?
TransferWise headquarters is located at 19 W 24th St Floor 9, New York.
Where are TransferWise offices?
TransferWise has offices in New York, Tampa, Collingwood, Brussels and in 6 other locations.
How many offices does TransferWise have?
TransferWise has 11 offices.
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