
TransferWise co-founder Kristo live on Bloomberg
Kristo Kaarmann, TransferWise co-founder and CEO, talks live with Bloomberg's Cory Johnson on how banking is being revolutionised.
Kristo explains how TransferWise has been able to disrupt the international money transfer market:
"The banks are behind on the technology curve, startups are figuring out how to do this much better. There’s a lot of legacy in banking that goes back to the business models.
That’s how we came to TransferWise, realising that there’s a lot of hidden costs when you move money around. Whenever you move money from one country to another, about 5% goes missing!
People have moved about $4.5 billion dollars across the TransferWise platform, and saved about $200 million in bank fees. We’re putting money from banks fees back into people's pockets."
Watch the full interview here.
TransferWise is the smart, new way to send money abroad.
Find out more
Sending money home in times of COVID
COVID-19 has thrown a wrench in all our plans for 2020. The pandemic has hit budgets across the globe and that’s reflected in the amounts of money people send...

Our 2020 annual report: the financial discipline you deserve
TransferWise is building a new way to move money around the world. A way that’s faster and more convenient than the banks that came before us, and at a...

Transparency comes to Europe, ish.
In January, we highlighted a new European regulation, CBPR2, because it was meant to lower fees for some payments in the EU. Since 15 December 2019, firms are...

Europe paves the way for payments that work for everyone
It’s not the first time we’ve celebrated good political decisions coming out of the European Union. After European policymakers put more transparency for...

TransferWise’s gender pay gap
What is the gender pay gap? The gender pay gap is the difference in average hourly earnings between men and women working within the same organisation. The...

CBPR2, whatcha-who?
Just before Christmas you may have been sent a message from your bank saying they won’t be charging you for making euro payments from non-euro countries like...