Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...
VC firm Atomico announced the raising of a new fund, Atomico V, which will partner with mission-driven European founders at...
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
Investors in TransferWise, the money transfer service include Richard Branson, Peter Thiel and Max Levchin; according to sources the company...
UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round...
CNBC has released their 7th annual version of the CNBC Disrupter 50 which consists of startups who have exploited niches...
Facebook has partnered with TransferWise for international money transfers as the firm continues to increase its financial services activity on the platform; TransferWise has internally developed a Facebook Messenger chatbot that will facilitate the international money transfer service; the service will expand on Facebook's current domestic money transfer capabilities. Source
TransferWise is privately launching a borderless account and debit card; the move is beginning to draw comparisons to other fintech companies like Revolut; the account will be rolled out in a small launch then a full launch thereafter; the account will give you access to local bank details for the UK, US, Australia and Europe, as well as allowing you to hold and convert 28 currencies; the move is not seen as replacing the current account but is instead a partner account; the account would allow people working in different countries to convert to their local currency without the hassle of additional fees or having to join a local bank. Source.
Remittances have always been extremely important to a certain segment of the economy and the process has been dominated by...
Companies like TransferWise, Venmo and PayPal have forced banks in Europe to look at creating their own affordable real-time payments service; the idea is in the early stages but it shows the effect that fintech players can have on the traditional banks; the service would also look to head off the increased competitive threat from open banking which is set to begin in early 2018. Source.