TransferWise co-founders, Taavet Hinrikus and Kristo Käärmann, have been named Ernst and Young UK Entrepreneurs of the Year 2015.
The award recognises leaders of a young company that fit specific judging criteria: innovation, strategic direction, entrepreneurial vision, financial performance, passion and social impact. The Ernst and Young Entrepreneur of the Year awards receive over 10,000 global nominations each year.
Kristo, far right, celebrates with the EY award winners
TransferWise was praised by the judging panel for its simple but innovative approach to disrupting the traditional payments industry.
The award follows the company’s announcement that it has transferred over $1bn in the American market alone, since launching there in February. People are using TransferWise to transfer over £500 million through the platform every month. Globally.
On collecting the prize, Kristo Käärmann said:
“It’s a great achievement by the whole team to win the Ernst & Young Entrepreneur of the Year award. Right now we’re saving customers more than £22 million each month, but really we’re only at the beginning of our mission of making the world of finance a little fairer. Our goal is to bring low-cost, fast and fair international money transfers to everyone who needs to send money abroad.”
We’ve just finished Q3. It’s time for an update on how much closer we’ve got to making our mission of Money Without Borders a reality.
Our mission has become irreversible, the company financially independent, and adoption continues to accelerate. Thank you - TransferWise customers - for...
Our CTO, Harsh, spoke to the House Committee for Financial Services at Congress, today, to explain how to improve access, transparency, speed and innovation...
To the TransferWise community When my co-founder and I launched TransferWise 7 years ago, we set out to irreversibly fix how money doesn’t work across...
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.
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...