TransferWise reaches high profitability since its inception in 2011

18 May 2017

TransferWiseTransferWise, being one of the leading fintech companies specialized in money transfers and currency exchange, has attracted 1 million customers so far, as its service features user-friendly interface enabling quick interaction and adaptability with no-cost foreign exchange rates.

TransferWise boasts to possess 10% share in the foreign remittances market of the United Kingdom, and expects to draw additional 500,000 users within the coming period.

CEO of TransferWise of Estonian origin Taavet Hinrikus notes that the fact of fluent growth in the revenue within six years after the startup inception shows the strong foundation of their business structure and promises that this will be just a starting point. Their unique service, he believes, will be able to generate financial innovation for the future.

The company launched by Taavet Hinrikus in cooperation with Kristo Käärmann has its head office in London with representations opened in New York, Sydney, Singapore and Tallinn. TransferWise provides 645 currency “routes” worldwide.

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