May 13th, 2013

P2P Currency Exchange TransferWise Raises $6M Led By Peter Thiel’s Valar Ventures, With Participation From SV Angel, Others

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Here’s some encouraging news for the European startup scene, and London in particular. TransferWise, the online currency exchange that uses the crowd to undercut traditional money transfer services, has announced that it’s closed a $6 million series A round led by Peter Thiel’s Valar Ventures — the first investment in Europe by the PayPal co-founder and early Facebook investor’s international… → Read More

April 10th, 2013

TransferWise To Pay It Forward With $100M In Free Money Transfers For European Startups

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TransferWise, the online currency exchange, has been pitching itself as the preferred method of money transfer for European startups for a while now. And today, born of its co-founder Taavet Hinrikus‘s own experience, the company is putting its money where its mouth is by launching a campaign to waive the fees for a total of $100 million worth of international money transfers for qualifying… → Read More

November 27th, 2012

TransferWise Adds Support For USD, Wants To Become Preferred Method Of Money Transfer For Startups

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TransferWise, the online currency exchange that uses the crowd to undercut traditional money transfer services, has announced that it’s added support for the U.S. dollar — a move that it believes, along with existing support for the British pound, euro, Swiss franc, Polish zloty, Swedish krona, Norwegian krone, and Danish krone, positions the company to become the preferred method of money… → Read More

April 17th, 2012

TransferWise Raises $1.3M From Index, Others For The Next Disruption In Money Transfer: Crowdsourcing

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If you’ve ever had to transfer money from one currency to another, you know that it can be a frustratingly pricey business. Now a new company, TransferWise, has raised seed funding totaling $1.3 million to tackle that problem.

TransferWise describes itself as the “Skype of money transfer” because it allows consumers to send money between UK and European accounts for a fraction of the price that… → Read More

September 12th, 2011

Seedcamp Week 2011 – meet the finalists, the winners and one good Samaritan

As I wrote last week when Seedcamp made a flurry of announcements, including fresh funding and ambitious plans for international expansion, I spent some time in London last week to get acquainted with a bunch of interesting European startups.

Below is an overview of all 20 Seedcamp Week 2011 finalists, starting with the 3 (well, actually, 4 winners).

But first, it’s worth noting that Seedcamp… → Read More

May 4th, 2011

TransferWise sees $1m in transactions, opens up to businesses

TransferWise, the peer-to-peer online currency exchange that aims to give banks a run for their money with its flat-fee exchange rate, has announced that it’s seen $1m worth of transactions in three months since launch.

These have come from consumers-only since until now TransferWise wasn’t available to business customers. Today that changes after the company responds to the fact that… → Read More

May 4th, 2011

TransferWise Sees $1M In Transactions, Opens Up To Businesses

TransferWise, the peer-to-peer online currency exchange that aims to give banks a run for their money with its flat-fee exchange rate, has announced that it’s seen $1m worth of transactions in three months since launch.

These have come from consumers-only since until now TransferWise wasn’t available to business customers. Today that changes after the company responds to the fact that… → Read More

January 24th, 2011

TransferWise wants to be the Skype of currency exchange

TransferWise launches its online currency exchange today, which hopes to give the banks a run for their money, along with disrupting the consumer-end of the money exchange market as a whole. The headline proposition is that the platform gives anyone access to the same mid-market exchange rates that banks get on their interbank market, with TransferWise charging a flat fee of £1 for each… → Read More

January 24th, 2011

Skype Employee Number One Launches TransferWise To Disrupt Currency Exchange

TransferWise launches its online currency exchange today, which hopes to give the banks a run for their money, along with disrupting the consumer-end of the money exchange market as a whole. The headline proposition is that the platform gives anyone access to the same mid-market exchange rates that banks get on their interbank market, with TransferWise charging a flat fee of £1 for each… → Read More