TransferWise: Applying for a payment institutions to prepare for a ‘no deal’ Brexit

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TransferWise: Applying for a payment institutions to prepare for a ‘no deal’ Brexit

  • TransferWise co-founded by Taavet Hinrikus and Käärmann, and launched in 2011
  • The National Bank of Belgium (NBB) impressed with its understanding of the payments sector and openness to innovation
  • Four million people use TransferWise to transfer over £3 billion every month and offers 1,300 currency routes and 49 currencies
  • TransferWise  hire a small team as the first employees of its Belgian entity
  • Raised $397 million from investors IVP, Old Mutual, Andreessen Horowitz, Sir Richard Branson, Valar Ventures and Max Levchin of PayPal