- Diversified Financials
- Kristo Käärmann and Taavet Hinrikus
- 6th Floor, The Tea Building, 56 Shoreditch High Street, London E1 6JJ, United Kingdom
TransferWise is an Estonian-developed and UK-based peer-to-peer money transfer service. Inspired by difficult personal experiences when transferring money overseas, the founders set out to find an alternative solution that didn’t incur such heavy charges. Launched in 2011, the system at TransferWise involves crowdsourcing currency exchange in order to offer a cheaper alternative to established institutions. Today, TransferWise supports more than 300 currencies and more than £3 billion has been transferred through the company to date. Only real exchange rates are used while there are no hidden fees in place.
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TransferWise links with Apple Pay globally