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London, United Kingdom
Organisation: Business
Main Industry: Banking / Finance
Employees: 100+
Year Founded: 2011
Corporate Website
Company info

TransferWise was born of frustration

Sending money abroad is deceptively expensive, thanks to the hidden charges we’ve all been forced to pay. The banks claim “free money transfers”, “0% commission.” Sounds like money’s already flowing freely, but far from it. It’s pure propaganda.

TransferWise removes all the wrongness, letting people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. Headaches averted, and a revolution sparked.

How it happened

Taavet Hinrikus and Kristo Käärmann are two friends who believe that money is meant to flow freely. But in the absence of a global currency, it doesn’t. An epiphany saved them thousands of pounds.

Taavet had worked for Skype in Estonia, so was paid in euros, but lived in London. Kristo worked in London, but had a mortgage in euros back in Estonia. They devised a simple scheme. Each month the pair checked that day’s mid-market rate on Reuters to find a fair exchange rate. Kristo put pounds into Taavet’s UK bank account, and Taavet topped up his friend’s euro account with euros. Both got the currency they needed, and neither paid a cent in hidden bank fees.

“There must be others like us," the epiphany went.

And the rest is TransferWise.

Internships and jobs at Wise
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Wise | Budapest | Culture, English
“This will also include supporting the execution. * Build long-lasting and collaborative relationships with k...
Wise | Tallinn | Management, English
“Responsibilities * Develop and communicate clear KPIs to your team, ensuring alignment with overall organiza...
Wise | Brussels | Legal, English, Dutch, French
“* Provide advice on regulatory issues such as anti-money laundering, anti-bribery and corruption and sanctions...
Wise | Tallinn | Management, English
“And you will have the ability to work autonomously, have a strong awareness of the organisations' strategic di...
Wise | Tartu | Culture, English
“You will build exceptional relationships across the organisation to identify opportunities for continuous impr...
Wise | London | Marketing, English
“And that's where you come in. About the role Wise Platform already boasts some incredible household brands a...
Wise | Sao Paulo | Finance, English, Portuguese
“Your mission: In this role, you'll add to that mission by: ...
Wise | Sao Paulo | Sales, Japanese, English, Portuguese
“This isn't your normal call center - we do things differently - and our Customer Support Associates are here t...
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