TransferWise eyes world-domination as it poaches Google’s UK finance head

September 12th, 2015|

Challenging the world’s biggest banks with its low-cost money-transfer service, TransferWise is rapidly expanding its geographic reach and headcount.

One of London’s rising $1bn financial technology (FinTech) stars just poached Google’s UK head of sales finance as it prepares for further international expansion.

Founded in London by Estonians Kristo Käärmann and Taavet Hinrikus (pictured),TransferWise is challenging some […]

TransferWise is Undercutting Banks and Changing How Foreign Exchange is Transferred

September 10th, 2015|

TransferWise was nominated as one of the top 20 innovative companies in 2015 and its aim is to solve the problem of high fees associated with sending and receiving cross border foreign exchange.

Traditionally, using a bank was the only option to send and receive foreign currency, and it is still used by individuals and large […]

Time to end toxic hidden FX fees – Transferwise P2P Currency Exchange

July 26th, 2015|

Protesters take to the streets in protest against hidden bank charges

International money transfer business TransferWise warns about the dangers of hidden FX fees. In Barcelona, residents woke up this morning to a city-wide alert of “Toxic Fees”. Protesters in biohazard suits clutching beachballs marched down Las Ramblas to the beach to eliminate the threat posed by toxic […]

Peer to Peer Currency Exchanges challenge international banks

May 2nd, 2015|

Peer to peer (P2P) Currency Exchange websites provide customers with a cheaper option to transfer their money international because their rates are crowdsourced and only charge a flat commission of approx 0.5% per transaction, in comparison to banks which usually charge up to 5% plus.

The online P2P currency exchange market place, CurrencyFair, estimates that P2P foreign exchange will provide £250bn of […]