Taavet Hinrikus, CEO TransferWise (Photo: TransferWise)
London – TransferWise lets you save on bank fees when you need to make international transfers between multiple bank accounts. The startup’s secret sauce is a peer-to-peer model.
TransferWise co-founder and CEO Taavet Hinrikus took the stage at Disrupt London to tell his company’s founding story. TransferWise has had a big year, and it looks like 2016 will be a big one, as well.
Save on bank fees
TransferWise lets you save on bank fees when you need to make international transfers between multiple bank accounts. The startup’s secret sauce is a peer-to-peer model. For instance, if you have GBP and want to send EUR, TransferWise will automatically match you with people who want GBP and give you EUR in exchange. But it doesn’t stop here, as TransferWise is totally transparent. Making transfers takes minutes, as the company takes care of everything once you have entered all the details. But how did Hinrikus come up with TransferWise’s idea?
