OverviewSuggest Edit

TransferWise is a company providing international money transfer services. The Company enables users to send money abroad to a list of countries using multi-currency accounts. It also offers an application that allows users to track their transfers on the go, and make new ones.
TypePrivate
Founded2010
HQLondon, GB
Websitetransferwise.com
Employee Ratings4.6

Latest Updates

Employees (est.) (Jan 2019)1,400(+8%)
Job Openings115
Revenue (FY, 2018)£117.3 M(+77%)

Key People/Management at TransferWise

Taavet Hinrikus

Taavet Hinrikus

Founder, CEO
Kristo Kaarmann

Kristo Kaarmann

Executive Founder
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TransferWise Office Locations

TransferWise has offices in London, Mumbai, Nice, Berlin and in 2 other locations
London, GB (HQ)
231-232 Strand, Holborn
Nice, FR
Nice, France
Berlin, DE
Berlin, Germany
Mumbai, IN
Mumbai, India
Boston, US
Boston, USA
Boston, US
60 State St 12th Floor
Show all (7)

TransferWise Financials and Metrics

Summary Metrics

TransferWise's latest funding round in May 2019 was reported to be $292 m. In total, TransferWise has raised $773.5 m. TransferWise's latest valuation is reported to be $3.5 b.
View all funding rounds

TransferWise Revenue

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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

3.5b

Cash (31-Mar-2018)

301.2m

EV

3.2b
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

9.7m27.9m66.3m117.3m

Revenue growth, %

187%138%77%

Cost of goods sold

4.5m12.4m20.3m39.8m

Gross profit

5.2m15.4m46.1m77.5m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

3.5m5.3m46.5m47.8m71.4m301.2m

Accounts Receivable

227.7k99.7k3.5m30.4m41.2m

Prepaid Expenses

558.0k812.0k2.3m1.9m

Current Assets

3.7m5.5m48.1m55.4m110.7m353.8m
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(11.1m)(17.6m)6.2m6.2m

Depreciation and Amortization

233.0k651.0k2.1m3.9m

Accounts Payable

8.6m13.3m2.4m4.7m

Cash From Operating Activities

(3.7m)(9.4m)16.3m190.8m
GBPY, 2018

EV/EBIT

338.8 x

EV/CFO

16.9 x

Revenue/Employee

129.5k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

3.5 x
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TransferWise Operating Metrics

TransferWise's Customers was reported to be 5 m in May, 2019.
Y, 2013Y, 2014Mar, 2016Sep, 2016Mar, 2017May, 2017Nov, 2017Dec, 2017Mar, 2018Q4, 2018Sep, 2018Jan, 2019May, 2019

Customers

10 k1 m2 m3 m4 m5 m

Monthly Transactions

400 k800 k1.40 m

Average Monthly Transaction Volume

£500 m£1 b$2 b£2 b£3 b£4 b

Average Transfer Value

$1.50 k
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TransferWise Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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

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TransferWise revenue breakdown by geographic segment: 29.0% from Rest of World, 20.0% from U.S. and 51.0% from Europe

Human Capital Metrics

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TransferWise Online and Social Media Presence

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TransferWise News and Updates

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Transferwise 'would not set up in London' if launching now

Transferwise 'would not set up in London' if launching nowTaavet 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.
pinned

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar Company

How The Founders Of TransferWise Came Up With The Idea For Their Billion-Dollar CompanyThe London money-transfer startup TransferWise is now worth nearly $1 billion, a huge milestone for any tech startup — especially in Europe.

Transferwise launches debit card down under

After endless requests from customers across Australia and New Zealand, it’s finally here. We’re exc...

TransferWise to open borderless account in US

TransferWise is the latest fintech unicorn to try its hand at breaking the US, taking its borderless...

Transferwise expands to the US with digital banking effort

Fintech stalwart Transferwise has lifted the lid on its expansion to the US, opening up access to its banking arm [...] The post Transferwise expands to the US with digital banking effort appeared first on CityAM.

TransferWise launches debit card in the U.S. with access to 40 currencies

Money transfer service TransferWise has launched its multicurrency debit card and account in the U.S., following rollouts in the U.K. and European Union.
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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 1,400 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 £83.8 k.

  • Who are TransferWise competitors?

    Competitors of TransferWise include PayPal, Small World Financial Services and Remitly.

  • Where is TransferWise headquarters?

    TransferWise headquarters is located at 231-232 Strand, Holborn, London.

  • Where are TransferWise offices?

    TransferWise has offices in London, Mumbai, Nice, Berlin and in 2 other locations.

  • How many offices does TransferWise have?

    TransferWise has 7 offices.