TransferWise co-founder Kristo live on Bloomberg

TransferWise
09.09.16
1 minute read

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
News

TransferWise Mission Report Q2 2018

You have made TransferWise possible. You keep our lights on, so that we can make money move faster and cheaper for you. This is our Q2 report to you.

TransferWise
08.16.18 4 minute read
News

Why Transferwise has Fees

Money is information. Using, storing and moving money should be as cheap and instant as exchanging information. As cheap as sending an email. And certainly it...

TransferWise
08.15.18 7 minute read

Tips, news and updates for your location