Wise
Wise, formerly known as TransferWise, is a UK-based money transfer service founded in January 2011 by Kristo Käärmann and Taavet Hinrikus. With its headquarters in London and offices in cities like Tallinn, New York, and Singapore, Wise supports over 750 currency routes worldwide, including GBP, USD, EUR, AUD, and CAD. The company also offers multi-currency accounts. By 2018, TransferWise reported a net profit of $8 million and reached a customer base of 4 million, collectively transferring around $4 billion each month.
The company’s innovative approach focuses on matching transfers between individuals and charging a small commission, while using the inter-bank mid exchange rate. This model contrasts with traditional currency transfers, where brokers profit from the difference between buy and sell rates.
Contact Info
- support@transferwise.com
- wise.com
- London, United Kingdom
