Sending money abroad is deceptively expensive, thanks to the hidden charges we’ve all been forced to pay. The banks claim “free money transfers”, “0% commission.” Sounds like money’s already flowing freely, but far from it. It’s pure propaganda.
TransferWise removes all the wrongness, letting 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.
Taavet Hinrikus and Kristo Käärmann are two friends who believe that money is meant to flow freely. But in the absence of a global currency, it doesn’t. An epiphany saved them thousands of pounds.
Taavet had worked for Skype in Estonia, so was paid in euros, but lived in London. Kristo worked in London, but had a mortgage in euros back in Estonia. They devised a simple scheme. Each month the pair checked that day’s mid-market rate on Reuters to find a fair exchange rate. Kristo put pounds into Taavet’s UK bank account, and Taavet topped up his friend’s euro account with euros. Both got the currency they needed, and neither paid a cent in hidden bank charges.
“There must be others like us," the epiphany went.
And the rest is TransferWise.
We’re not a bank. Not even close. In fact, we’re pretty much the opposite. We’re flipping a gazillion dollar industry on its head. And we’re looking for revolutionaries. See open positions
Kristo Käärmann, Executive Founder ….is in charge of all operations activities, technology, development, compliance and regulatory issues. At PwC and Deloitte, he helped banks and insurers bring their processes and systems into the 21st century. But stunned by the inefficiency of financial institutions, he wanted to do more.
Taavet Hinrikus, Founder, CEO …..looks after marketing, product development, PR, and investor relations. As Skype's first employee, he helped build a company that has changed hundreds of millions of lives. He’s since helped various companies as an angel investor and advisor.
TransferWise is backed by a fantastic team of smart investors who believe that there’s a dire need for innovation in financial services. In addition to great institutional investors, we’re supported by private individuals who founded or are building Virgin, PayPal, Skype, Betfair, Simple.com and others."
56 Shoreditch High Street
|EXCHANGE SOLUTIONS LTD||2010-03-31 - 2012-08-03|
- Company Number
- Private Limited Company
- Company Age
- 10 years
- March 31, 2010
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Year End
- March 31
- Accounts Due
- December 31, 2020
- Latest Accounts
- March 31, 2019
Transfer Money Online | Send Money Abroad with TransferWiseSource:transferwise.com
Banks charge a lot for overseas transfers. We don't. Transfer money abroad easily and quickly with our low cost money transfers.
TransferWise Ltd - Company Profile and News - Bloomberg MarketsSource:www.bloomberg.com
Nov 11, 2019 ... TransferWise Ltd provides money transfer services. The Company offers an online platform through which customers can send and receive ...
TRANSFERWISE LTD - Overview (free company information from ...Source:beta.companieshouse.gov.uk
TRANSFERWISE LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, ...
TransferWise - WikipediaSource:en.wikipedia.org
TransferWise. From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. TransferWise Limited ...
Taavet Hinrikus, Transferwise Ltd: Profile and Biography ...Source:www.bloomberg.com
Nov 11, 2019 ... Taavet Hinrikus is Chairman/Co-Founder at Transferwise Ltd. See Taavet Hinrikus's compensation, career history, education, & memberships.
TRANSFERWISE LTD | LinkedInSource:www.linkedin.com
TRANSFERWISE LTD is a financial services company based out of 6TH FLOOR, TEA BUILDING 56 SHOREDITCH HIGH STREET, LONDON, United Kingdom.