---
title: "TransferWise wins the FT Boldness in Business award in London"
id: "9418"
type: "post"
slug: "transferwise-wins-the-ft-boldness-in-business-award-in-london"
published_at: "2014-03-21T00:18:50+00:00"
modified_at: "2014-04-11T13:22:53+00:00"
url: "https://estonianworld.com/business/transferwise-wins-the-ft-boldness-in-business-award-in-london/"
markdown_url: "https://estonianworld.com/business/transferwise-wins-the-ft-boldness-in-business-award-in-london.md"
excerpt: "The Estonian-founded, London-based peer-to-peer currency transfer firm TransferWise has won the Financial Times ArcelorMittal Boldness in Business award in “Smaller Company” category. The annual Boldness […]"
taxonomy_category:
  - "Business"
taxonomy_post_tag:
  - "Estonian startups"
  - "Estonian technology"
  - "Estonians in London"
  - "Transferwise"
taxonomy_post_format:
  - ""
publisher: "Estonian World"
language: "en-GB"
author: "Silver Tambur"
author_url: "https://estonianworld.com/author/silver/"
---

# TransferWise wins the FT Boldness in Business award in London

![Image](https://estonianworld.com/wp-content/uploads/2013/10/TransferWise-2067-e1382366955338.jpg)

By  [Silver Tambur](https://estonianworld.com/author/silver/)
  ·  March 21, 2014  · [Business](https://estonianworld.com/category/business/)
 · 1 minute of reading

### **The Estonian-founded, London-based peer-to-peer currency transfer firm TransferWise has won the Financial Times ArcelorMittal Boldness in Business award in “Smaller Company” category.**

The annual Boldness in Business Awards are conducted by the Financial Times, one of the leading business newspapers in the world, in collaboration with ArcelorMittal, the world’s largest steel making company.

Winners are selected by a panel of experts who base their decision on a shortlist drawn up by the FT’s global network of bureau chiefs and senior journalists. Previous award winners have, for example, included the innovators at Apple, Twitter, Google and Groupon.

[https://estonianworld.com/wp-content/uploads/2014/03/524549_10151932316511408_181427860_n.jpg](https://estonianworld.com/wp-content/uploads/2014/03/524549_10151932316511408_181427860_n.jpg)

TransferWise was launched in London by Estonians Taavet Hinrikus and Kristo Käärmann in 2011. It enables individuals and businesses to send money between countries for a fraction of the price that banks and others charge, using an internet-based, peer-to-peer, “crowdsourced” model. Read the EstonianWorld [feature](https://estonianworld.com/technology/london-based-estonian-start-up-transferwise-wins-an-important-startup-prize-at-the-europas-in-berlin/)
 on how Hinrikus and Käärmann came to the idea of setting up their business.

I

*Cover photo: TransferWise founders Taavet Hinrikus & Kristo Käärmann at their London office.*

## About The Author

![Avatar photo](https://estonianworld.com/wp-content/uploads/local-avatars/2/1572652467-bpfull-100x100.jpg)

[Silver Tambur](https://estonianworld.com/author/silver/)
Silver Tambur, co-founder and publisher of *Estonian World*, studied journalism at the University of Tartu and politics at Birkbeck, University of London. He has edited Estonian Public Broadcasting’s English news and contributed to *Business Sense*, *Deutsche Welle*, and *Radio New Zealand*. He is currently editor-in-chief of *Trialoog*, TalTech’s business and research portal. You can also follow him on [Twitter](https://twitter.com/SilverTambur)
 and like [his page on Facebook](https://www.facebook.com/silvertamburpage/)
. You can write to Silver at [silver@estonianworld.com](mailto:silver@estonianworld.com)
.