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
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
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
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
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
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
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
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
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
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