Transferwise

Estonian-founded TransferWise is now the most valuable fintech startup in Europe

The Estonian-founded money transfer startup, TransferWise, is now the most valuable fintech startup in Europe after a new investment round that values the company at USD3.5 billion. The Estonian-founded, London-based company, raised USD292 in a round of funding, giving it a valuation of 3.5 billion US dollars. To date, the …

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Estonian entrepreneurs launch a substantial education fund to support innovation

Several Estonian entrepreneurs have launched the Good Deed Education Fund, with a goal to provide seed capital for innovative initiatives in Estonian education; the fund plans to contribute €1 million to impactful educational initiatives. The fund is led by the Good Deed Foundation that has a long-term experience in launching …

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Newspaper names TransferWise founders the richest Estonians of 2018

Äripäev, the only business-oriented daily newspaper in Estonia, has published its annual richest Estonians’ list and named the two founders of the money-moving company, TransferWise, the richest citizens of the country. According to the daily, the richest Estonian citizen is Kristo Käärmann, estimating his worth at €258.2 million (USD297.4 million). …

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The FT lists TransferWise as the 24th fastest growing company in Europe

The London-based business newspaper, the Financial Times, has listed the Estonian-founded startup, TransferWise, as the 24th fastest growing company in Europe. According to the newspaper, the annual revenue of TransferWise has grown 3,392% between 2013 and 2016, and the number of the company’s employees has grown by 670 in the …

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TransferWise launches its borderless multi-country account for everyone

The Estonian-founded, London-based money transfer company, TransferWise, has launched its borderless multi-country account for everyone and a MasterCard debit card for Europeans, enabling its customers to get local bank details for the UK, the US, Australia and Europe. The company launched the account on 25 April and said in a …

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TransferWise becomes part of the UK’s Faster Payments Scheme

The Estonian-founded, London-based money transfer company, TransferWise, has become the first non-bank payment service provider in the UK’s Faster Payments Scheme. By being part of the scheme, TransferWise will be able to directly connect and settle with the scheme’s 24/7 real-time payment infrastructure, opening the possibility to offer payment services …

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TransferWise opens its borderless account to consumers

The Estonian-founded money transfer company, TransferWise, has opened its borderless account – formerly only meant for businesses – to private consumers. In addition to the account, the company’s customers will also get access to a MasterCard debit card. From 9 January, thousands of existing TransferWise customers have access to the …

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TransferWise secures USD280 million in a new investment round

The Estonian-founded, London-based money transfer startup, TransferWise, has secured USD280 million in a new investment round, led by Old Mutual Global Investors, an asset management company, and IVP, a venture capital firm. According to TransferWise, the deal is Old Mutual Global Investors’ second-even equity investment in a private company. IVP, …

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Taavet Hinrikus.

The power of asking “what if?”: five ways to encourage innovation in Europe – Taavet Hinrikus

Taavet Hinrikus, a co-founder of the Estonian startup, TransferWise, proposed five ways to encourage innovation in Europe in a speech at the EU informal meeting of ministers responsible for competitiveness in Tallinn, Estonia, on 25 July 2017. I’m here to give you the view from on the ground as a …

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TransferWise’s new service lets businesses “have a local bank account in any country”

TransferWise, the Estonian-founded, London-based money transfer service, has launched a new account that lets businesses manage their money internationally, basically allowing companies to have virtual local bank account in any country in the world. The Borderless account, as it’s called, is, according to the company, a new way companies can …

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