This Billion-Dollar Startup Has an Ancient Business Model:
TransferWise, the London (UK) unicorn, is the foreign exchange startup that predicts it'll put banks out of business. It's a newly-minted unicorn thanks to a billion-dollar valuation, but it's not without its critics. So how does it work? And just how innovative is it, really? Video above published June 13, 2016 by Bloomberg.com.
How to TransferWise - A quick guide showing you how to beat hidden bank fees with TransferWise. Published Apr 20, 2015
FinTech is experiencing tremendous growth | TransferWise Blog: "As reported by Business Insider, FinTech startups enabling services like peer to peer money transfer and lending services are on the rise. The first shows the amount of funding FinTech startups have received over the past 5 years. Investments in Q2 2010 made up less than $1 billion, in Q1 2015 they’ve risen to nearly $3 billion..."
TransferWise - Wikipedia: "TransferWise is an Estonian developed and UK-based peer-to-peer money transfer service launched in January 2011 by Kristo Käärmann and Taavet Hinrikus with headquarters in London and offices in Tallinn and New York. More than £3 billion has been transferred through TransferWise. TransferWise supports more than 300 currency routes across the world."
TransferWise Wants To Take Over The World | TechCrunch: "This year, TransferWise also raised $58 million from Andreessen Horowitz and existing investors. And Hinrikus thinks his company is in a great position right now when it comes to competition from other startups. “I think it’s a very highly defensible business. It’s very hard to build a brand online,” he said. “I challenge you to find another financial startup that has a 5 percent market share. Making sure that we move tens of millions every day is hard as well. I’m actually feeling pretty good.”"
