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Welcome to the A16Z podcast. I'm Michael Copeland. And we sit here with Tavit,

Henrikos, CEO and co-founder of TransferWise. Tavit, welcome. Thank you, Michael. You're here for

like 36 hours. These are some of your waking hours that you're here, and we really appreciate that.

Also, in our humble podcast room, we have Angela Strange, who's on our deal team, Angela. Welcome.

Thank you. Happy to be here. TransferWise is a payment transfer company. You guys are based in London,

engineering in Estonia. Tell us a little bit what Transfer Wise does and then let's get into this

whole payments world. So we are an online money transfer platform. We help people and

businesses make international payments. We help them do it in a very quick and easy way. It's a very

simple service. Classically, you would have gone to a bank or Western Union or maybe PayPal to do it,

but we're just offering it in a cheaper, faster, better, and more transparent way.

Right.

So I owe you money, and let's be clear, I don't owe you money.

But if I did owe you money, I could just transfer it via my bank account to yours.

Exactly.

But the catcher is only internationally.

Right.

So if you want to pay some money to Angela, you can probably use Venmo or something like that,

which works brilliantly.

Angela's nodding her head if I want to pay her money, yes, yes, yes.

I'm accepting.

...