Transferwise

Transferwise

TransferWise is a leading global FX transfer platform

• 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)

Key facts

1. Sales Not Disclosed
2. Employees > 1,600
3. Industry Financial Services, Technology, Telecoms & Internet
4. Headquarters UK & Ireland
5. Geographic Footprint Europe, UK & Ireland
6. Website
7. Investment Date April 2019
8. Fund VIP III Cortex