Tagged: transferwise

Transferwise Launches Borderless Accounts & Debit Mastercard to Ireland

Fintech unicorn, TransferWise, has reportedly launched its borderless account and debit Mastercard to Ireland. The launch comes just a few months after Transferwise added US Bank information to its platform thus mirroring what is already available for their European, UK and Australian users. According to Finextra, borderless… Read More

TransferWise Reports Second Year of Profit & Revenue Almost Doubling

Fintech unicorn, TransferWise, announced on Monday its yearly report, which indicated some growth and development for the money transfer service platform.  Founded in 2011, TransferWise is on a mission to provide a positive, irreversible change in the world of finance. It claims to be the fairest, easiest… Read More

PayPal Be Gone: Stealth Bank Transferwise Adds US Bank Details to Borderless Accounts

Transferwise, a stealth bank in the making, has added US Bank information to its platform thus mirroring what is already available for their European, UK and Australian users. If you are interested, creation of a borderless account for existing users takes less than a minute…. Read More

TransferWise Launches Money Transfer Services in Hong Kong

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

Monzo Announces Collaboration With TransferWise to Provide International Money Transfers From Within Monzo Mobile App

On Monday, challenger bank Monzo announced it has formed a new partnership with money transfer service TransferWise to provide international money transfers from within its mobile app. According to Monzo, through the payments tab in the app, uses are able to make payments overseas to… Read More

Transferwise Now Offers Service in Argentina

Fintech Unicorn, TransferWise, has announced the launch of its money transfer services in Argentina. Argentinians will now be able to move money from more to and from over 60 countries. TransferWise said it will operate in Argentina in partnership with Nubi, a Fintech company associated with… Read More

ISO 20022: Bank of England Launches Consultation on Payments to Modernise UK System

The Bank of England has launched a six week consultation to adopt a common global language on payments known as ISO 20022. The Bank notes that existing standards are fragmented and inconsistent thus complicating the important aspect of the financial industry. By creating a standard,… Read More

TransferWise Forms New Partnership With French Banking Firm BPCE Groupe

Fintech unicorn TransferWise has formed a new partnership with France’s second-largest bank firm, BPCE Groupe. The launch of the new collaboration comes less than two months after TransferWise debuted its new borderless and fee free, multi-country, bank accounts and debit cards. According to TechCrunch, as… Read More

1000 Payments at Once: Transferwise Now Enables Payroll & Corporate Batch Payments

Transferwise: Over $1 billion Deposited into borderless accounts in the product’s first year Fintech unicorn TransferWise has launched batch payments, a new feature that enables both international payroll and corporate payments to suppliers. Simultaneously, Transferwise announced that over $1 billion has been deposited into their… Read More

Bank in Disguise: TransferWise Launches Borderless Multi-Country Bank Account & Debit Card

Fintech unicorn TransferWise has announced the launch of a new borderless and fee free, multi-country, bank accounts and debit cards. Transferwise may be the best Fintech positioned globally to provide all of the bank-like services without officially becoming a bank. As CI has written before,… Read More

First! Bank of England Approves Transferwise as a Payment Service Provider with Direct Access to UK Payment System

The Bank of England has approved the first non-bank payment service provider to join the UK payment system settling in central bank money. Described as a milestone event for the BoE in accommodating innovation, this is the first Fintech to gain direct accesss. Transferwise is… Read More

Transferwise Is Quickly Becoming a Global Bank (Minus the Stupid Fees)

Global money transfer site Transferwise is quickly becoming a bank. The cool thing about Transferwise is they are providing bank like services minus the silly fees that currently pollute traditional banking services. That’s huge. As previously announced, Transferwise is rolling out their glowing green debit… Read More

German Challenger Bank Penta Throws Shade at Transferwise Borderless Debit Card Announcement

Yesterday, Transferwise, the UK based Fintech Unicorn, announced it had launched a borderless debit card for a group of trial users. Basically it is a current account that can be used anywhere minus the silly fees banks charge consumers. Transferwise will commence a wide release… Read More

Seedcamp IV: £41 Million Fund Raised to Back European Startups, Will Also Invest in Crypto Offerings

Seedcamp has just closed a £41M seed fund to invest in 100 new startups across Europe on their 10 year anniversary. The fourth fund is two times larger than the last Seedcamp fund and is said to be backed by 60 leading corporates, VCs and fund… Read More

Report: IVC Poised to Invest in Fintech Unicorn Transferwise

IVC, one of the original venture capital firms on Sand Hill Road in Silicon Valley, is poised to take a substantial stake in Fintech unicorn Transferwise. This is a according to a report by Sky News that indicated IVP would invest approximately $60 million in the… Read More

Report: Fintech Unicorn Transferwise to Allow Fund Transfer via Apple Pay Globally

Transferwise, one of the highest profile Fintech firms in Europe, has added Apple Pay to the list of options its users may leverage to move money around the world. Transferwise has been working with Apple Pay for some time now but according to a report… Read More

TransferWise CEO Taavet Hinrikus Talks Fintech & Brexit Worries (Video)

With Brexit talks taking place this week between the UK and European Union (EU), CEO of TransferWise, Taavet Hinrikus sat down with CNBC to discuss the UK’s soon departure from the EU and what could happen to London.  During the interview, Hinrikus stated: “One regulator… Read More

Transferwise Updates on US Business Progress

Transferwise, a European Fintech Unicorn, has provided an update on progress in the United States. The company crossed the Atlantic about 2 years ago and management hasn’t looked back since. As of today, Transferwise has completed 2 million transfers totaling almost $11 billion in the U.S…. Read More

The Inescapable Fintech Revolution

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

TransferWise Launches Borderless Accounts Eliminating One More Need for Using a Bank

TransferWise, the Fintech unicorn, announced the creation of “Borderless Accounts”. These new accounts make doing business easier as there is no need to pull your funds back into your home account which is typically a bank. As TransferWise explains:  “… now, you can say to… Read More

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