transferwise
Post on 20-Nov-2014
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A far better way to send money abroad
Online money transfer
- Peer-to-peer international money transfer service: FSA regulated and fully licensed
- Helps people and business save significant amounts of money
- 5-star rated by customers, and a top 5 money site on trustpilot.com
The facts
We are the only service that makes exchanges at the real mid-market rate (most banks charge a hidden margin of 3-5%, even if they claim ‘no fees’)
Full transparency - we clearly entire state the fee we charge
Lowest real-fee guarantee, and we’re up to 85% cheaper than banks
Convenience - no registration required to use the service
In the media
Start-up of the week (Aug 2012)
“…using the internet to spark a digital revolution in financial services, much as Amazon has upended the retail sector, or Skype has changed telephony.”
“Transferwise cuts out banks and their commissions”“…enables SMEs to substantially reduce the cost of transferring money internationally.”
“Makes currency exchange considerably cheaper… cuts out the banks by matching your exchange with someone else’s”
How it works
User books their transfer online
They deposit funds into our secure local account in their
country
We pay the recipient from our local account in that
country
1
We match multiple payments going in different directions in the same country,
so money never actually moves across currencies or countries.
1. 2. 3.
The team
Taavet Hinrikus: Co-founderSkype’s Director of Strategy until 2008 – he joined the firm as its first-ever employee.
Kristo Käärmann: Co-founderFormer consultant with Deloitte and PWC
Board and InvestorsMax Levchin (PayPal Co-founder), Index Ventures, IA Ventures, Seedcamp
Find out more at TransferWise.com
Twitter: @transferwise | facebook.com/transferwise
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