Transferwise
TransferWise is a leading global FX transfer platform
Investment Facts
Transferwise
TransferWise is a leading global FX transfer platform
Key facts
- Sales Not Disclosed
- Employees > 1,600
- Industry Financial Services, Technology, Telecoms & Internet
- Headquarters UK & Ireland
- Geographic Footprint Europe, UK & Ireland
- Website transferwise.com
- Investment Date April 2019
- Fund VIP III Cortex
- Disruptor in consumer and business cross-border money transfer market, a space historically dominated by traditional banks
- Purpose-built payments platform combines multiple forms of difficult-to-build infrastructure including technology, compliance/regulation, and bank relationships
- Infrastructure enables dimensionally better customer proposition versus traditional banks: up to 5x faster, more convenient, and up to 5x cheaper
- Exceptional customer advocacy and sticky customer cohorts lead to best-in-class efficiency in customer acquisition and embedded, frictionless growth
- 12 global offices serving five million customers and processing £4bn per month in transfers across 1,600 currency routes (as of 2018)