$1.6 B

TransferWise Mkt valuation

£117.3 M

TransferWise Revenue FY, 2018
TransferWise Revenue growth (FY, 2017 - FY, 2018), %77%
TransferWise Gross profit (FY, 2018)77.5 M
TransferWise Gross profit margin (FY, 2018), %66.1%
TransferWise Net income (FY, 2018)6.2 M
TransferWise EBIT (FY, 2018)9.5 M
TransferWise Cash, 31-Mar-2018301.2 M
TransferWise EV1.3 B

TransferWise Revenue

TransferWise revenue was £117.28 m in FY, 2018 which is a 76.8% year over year increase from the previous period.

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TransferWise Funding

Summary Metrics

TransferWise's latest funding round in November 2018 was reported to be $85.2 m. In total, TransferWise has raised $481.5 m. TransferWise's latest valuation is reported to be $1.6 b.

TransferWise Capital Raised

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TransferWise Valuation

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TransferWise Revenue Breakdown

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

TransferWise Income Statement

Annual

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

Gross profit Margin, %

53%55%69%66%

General and administrative expense

16.3m32.8m46.6m68.0m

Operating expense total

16.3m32.8m46.6m68.0m

EBIT

(11.1m)(17.4m)(519.0k)9.5m

EBIT margin, %

(115%)(62%)(1%)8%

Interest expense

33.0k287.0k1.7m

Interest income

5.0k49.0k

Pre tax profit

(11.1m)(17.4m)(801.0k)7.9m

Income tax expense

168.0k(7.0m)1.6m

Net Income

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

TransferWise Balance Sheet

Annual

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

PP&E

149.1k372.0k1.7m3.6m3.5m

Total Assets

3.7m6.0m49.8m60.9m128.4m378.4m

Accounts Payable

972.7k4.0m11.5m24.0m47.4m216.3m

Short-term debt

11.0m20.2m

Current Liabilities

972.7k4.0m12.1m25.8m79.7m270.3m

Non-Current Liabilities

661.0k

Total Debt

11.0m20.2m

Total Liabilities

972.7k4.0m12.1m25.8m79.7m271.0m

Additional Paid-in Capital

238.0262.051.4m66.0m70.6m120.6m

Retained Earnings

(13.6m)(31.2m)(24.7m)(18.5m)

Total Equity

2.7m2.1m37.7m35.1m48.7m107.4m

Debt to Equity Ratio

0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

1.4 x2.9 x1.3 x1.7 x2.6 x3.5 x

TransferWise Cash Flow

Annual

GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

233.0k651.0k2.1m3.9m

Accounts Receivable

(1.4m)(6.0m)(5.0m)(4.1m)

Accounts Payable

8.6m13.3m2.4m4.7m

Cash From Operating Activities

(3.7m)(9.4m)16.3m190.8m

Purchases of PP&E

(288.0k)(1.4m)(1.9m)(2.3m)

Cash From Investing Activities

(1.4m)(4.5m)(7.5m)(11.0m)

Short-term Borrowings

6.3m9.2m

Cash From Financing Activities

46.7m14.7m10.9m59.0m

Net Change in Cash

41.6m780.0k19.8m238.8m

Interest Paid

(33.0k)(287.0k)(1.7m)

Income Taxes Paid

(27.0k)(93.0k)(100.0k)

TransferWise Ratios

GBPY, 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
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TransferWise Operating Metrics

TransferWise's Customers was reported to be 4 m in Sep, 2018.
Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Mar, 2016Sep, 2016Mar, 2017May, 2017Nov, 2017Dec, 2017Jan, 2018Mar, 2018Q4, 2018Q1, 2019Sep, 2018Q2, 2019Jan, 2019

Customers

10 k1 m2 m3 m4 m

Monthly Transactions

400 k800 k1.40 m

Average Monthly Transaction Volume

£500 m£1 b$2 b£2 b£3 b

Average Transfer Value

$1.50 k

Calls Replied Per Week

3 k

Cardholders (Green Debit Card)

5 k

Countries

42 69

Cumulative Amount Transferred

$10 m$50 m$645 m$2.90 b

Currencies

40 47 49

Debit Card Payments

2 m

Emails Replied Per Week

25 k

Languages

11

Monthly Average Transfers

1.70 k16 k100 k325 k

Monthly Transactions (20-second payments)

260 k
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TransferWise Human Capital

Gender

Q1, 2015Y, 2014
Male, percent66 %66 %
Female, percent34 %34 %
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TransferWise Employee Rating

4.7207 votes
Culture & Values
4.7
Work/Life Balance
4.4
Senior Management
4.3
Salary & Benefits
4.2
Career Opportunities
4.6
Source