TransferWise stock price, funding rounds, valuation and financials

TransferWise has raised $1.01 b in total funding. TransferWise valuation is $5 b, and annual revenue was £302.6 m in FY 2020

$5 B

TransferWise Mkt valuation

£302.6 M

TransferWise Revenue FY, 2020
TransferWise Revenue growth (FY, 2019 - FY, 2020), %69%
TransferWise Gross profit (FY, 2020)185 M
TransferWise Gross profit margin (FY, 2020), %61.1%
TransferWise Net income (FY, 2020)21.3 M
TransferWise EBIT (FY, 2020)21.8 M
TransferWise Cash, 31-Mar-20202.1 B
TransferWise EV3 B

TransferWise Revenue

TransferWise revenue was £302.6 m in FY, 2020 which is a 69% year over year increase from the previous period.

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TransferWise Funding

Summary Metrics

Founding Date

2011

TransferWise total Funding

$1 b

TransferWise latest funding size

$319 m

Time since last funding

9 months ago

TransferWise investors

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 Capital Raised

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TransferWise Revenue Breakdown

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TransferWise revenue breakdown by geographic segment: 52.0% from Europe, 26.0% from United States and 22.0% from Rest of the World

TransferWise Income Statement

Annual

GBPFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

66.3m117.3m179.1m302.6m

Revenue growth, %

138%77%53%69%

Cost of goods sold

20.3m39.8m69.7m117.6m

Gross profit

46.1m77.5m109.4m185.0m

Gross profit Margin, %

69%66%61%61%

General and administrative expense

46.6m68.0m97.4m165.7m

Operating expense total

46.6m68.0m97.4m165.7m

EBIT

(519.0k)9.5m12.0m21.8m

EBIT margin, %

(1%)8%7%7%

Interest expense

287.0k1.7m2.1m4.5m

Interest income

5.0k49.0k200.0k3.1m

Pre tax profit

(801.0k)7.9m10.1m20.4m

Income tax expense

(7.0m)1.6m(200.0k)(900.0k)

Net Income

6.2m6.2m10.3m21.3m

TransferWise Balance Sheet

Annual

GBPFY, 2017FY, 2018FY, 2019FY, 2020

Cash

71.4m301.2m856.1m2.1b

Accounts Receivable

30.4m41.2m88.0m52.1m

Prepaid Expenses

2.3m1.9m5.3m8.5m

Current Assets

110.7m353.8m1.1b2.3b

PP&E

3.6m3.5m4.5m19.1m

Total Assets

128.4m378.4m1.1b2.4b

Accounts Payable

47.4m216.3m962.5m2.1b

Short-term debt

11.0m20.2m4.2m

Current Liabilities

79.7m270.3m967.4m2.1b

Long-term debt

13.9m59.6m

Non-Current Liabilities

661.0k15.0m65.4m

Total Debt

11.0m20.2m13.9m63.8m

Total Liabilities

79.7m271.0m982.4m2.2b

Additional Paid-in Capital

70.6m120.6m120.8m121.9m

Retained Earnings

(24.7m)(18.5m)(8.2m)13.7m

Total Equity

48.7m107.4m126.4m174.5m

Debt to Equity Ratio

0.2 x0.2 x0.1 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x

Financial Leverage

2.6 x3.5 x8.8 x13.5 x

TransferWise Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

6.2m6.2m10.3m21.3m

Depreciation and Amortization

2.1m3.9m6.3m20.6m

Accounts Receivable

(5.0m)(4.1m)(8.4m)(33.4m)

Accounts Payable

2.4m4.7m4.1m12.2m

Cash From Operating Activities

16.3m190.8m682.7m1.2b

Purchases of PP&E

(1.9m)(2.3m)(2.3m)(3.1m)

Cash From Investing Activities

(7.5m)(11.0m)(121.9m)(14.5m)

Short-term Borrowings

6.3m9.2m(20.2m)

Long-term Borrowings

(4.1m)

Cash From Financing Activities

10.9m59.0m(6.6m)31.2m

Net Change in Cash

19.8m238.8m554.2m1.2b

Interest Paid

287.0k1.7m1.8m3.4m

Income Taxes Paid

93.0k100.0k2.5m2.4m

TransferWise Ratios

GBPFY, 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.
Mar, 2017May, 2017Nov, 2017Dec, 2017Jan, 2018Q4, 2018Q1, 2019Sep, 2018Q2, 2019Jan, 2019FY, 2019May, 2019Sep, 2019FY, 2020Jul, 2020

Customers

1 m2 m3 m4 m5 m5 m6 m7 m8 m

Monthly Transactions

800 k

Average Monthly Transaction Volume

£1 b$2 b£2 b£3 b£4 b£4 b£4 b

Borderless Debit Cards Issued

1 m

Calls Replied Per Week

3 k

Cardholders (Green Debit Card)

5 k

Cash Held in Borderless Accounts

£1.97 b

Countries

42697070

Cross Currency Customer Payments Volume Processed

£27 b£42 b

Currencies

4047494949495054

Customer Payments Volume Processed

£36 b£67 b

Debit Card Payments

2 m

Emails Replied Per Week

25 k

Languages

11

Monthly Transactions (20-second payments)

260 k

TransferWise Human Capital

Gender

FY, 2020
Female, percent48%
Male, percent52%

TransferWise Employee Rating

4.3602 votes
Culture & Values
4.5
Work/Life Balance
4.3
Senior Management
3.9
Salary & Benefits
3.8
Career Opportunities
4.1
Source