1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 9 December 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Taavet Hinrikus is the Co-founder & chairman of @TransferWise the international money transfer platform with over 4 million customers and valued at over $1.6billion makes sending, receiving, and spending money around the world as cheap as possible at the real exchange rate. Previously built @Skype as 1st employee, from Estonia, adventurer, disruptor and investor.

Transcript

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0:00.0	TransferWise founded and launched back in 2011 after a tech grant article.
0:03.6	They first, they saw first 2,000 euros or pounds go through the platform.
0:06.8	They said, wow, we're on to something here.
0:08.4	Fast forward to today, 4 million users, 4 billion or 3.9 billion sent and received
0:13.8	every single month.
0:14.9	They just obviously raised about a year ago, $280 million to move into some other product
0:18.4	lines and geographies today working on borderless
0:21.0	accounts debit cards and just including and continuing the erosion of banking by having faster
0:25.6	speeds lower costs and more convenience this is the top entrepreneurs podcast where founders share
0:33.7	how they started their companies and got filthy rich or crash and burn.
0:40.5	Each episode features revenue numbers, customer counts, and other insider information that creates
0:47.2	business news headlines.
0:49.7	We went from a couple of hundred thousand dollars to $2.7 million.
0:53.0	I had no money when I started the company. It a hundred and sixty million dollars which is the size of
0:57.4	any IPOs we're a bit strapped we have like a 22,000 customers with over five
1:04.5	million downloads in a very short amount of time major outlets like Inc are calling us the
1:09.5	fastest growing business show on iTunes. I'm your
1:12.8	host, Nathan Latka, and here's today's episode. Hello, everyone. My guest today is Tavit Henriquez. He is
1:20.3	the co-founder and chairman of TransferWise, the international money transfer platform with over
1:24.4	4 million customers invited over 1.6 billion.
1:31.0	It makes sending, receiving, and spending money around the world as cheap as possible at the real exchange rate.
1:32.1	They call it the mid-rate.
	...

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