Tagged: transferwise

December 10, 2020 @ 7:49 am By Omar Faridi  |  

Fintech Unicorn TransferWise is reportedly planning to recruit 750 additional workers in the coming months. These new hires would be equivalent to over a third of the online money transfer service’s existing team of professionals. This latest announcement has come after quite a successful period… Read More

December 1, 2020 @ 7:37 am By Omar Faridi  |  

Fintech Unicorn TransferWise has reportedly managed to acquire a restricted banking license in Australia. The leading money transfer service provider has been approved to gain direct access to Australia’s real-time payment system. The permit has been issued by Australia’s Prudential Regulatory Authority. Under the license,… Read More

November 26, 2020 @ 8:56 am By Omar Faridi  |  

Fintech firm TransferWise recently announced that Indonesians and ex-pat workers will now be able to send money from Indonesia to 80 different countries, which includes Australia, Singapore, Japan, US, UK, China (Alipay) — and across Europe as well. TransferWise users are now able to send… Read More

November 7, 2020 @ 11:09 am By Omar Faridi  |  

Finxact, an established “Core as a Service” banking solution provider, says it’s leading the transition in the US to a model of core banking that leverages the benefits of Cloud along with supporting the ability for banks to choose the best technology providers. According to… Read More

October 31, 2020 @ 4:26 pm By Omar Faridi  |  

Nick Catino, Head of Policy at TransferWise (Americas), recently commented on why he thinks the United States should allow payment firms to take part “directly in payment systems.” At present, access is limited to depository institutions, Catino explains. He notes that payment firms are unable… Read More

October 22, 2020 @ 2:44 pm By Omar Faridi  |  

Emburse, a company focused on providing expense management solutions and accounts payable automation, has introduced Emburse Global Reimbursements – which is powered by global money transfer service provider, TransferWise (which recently booked its 4th year of profitability while processing £67 billion in transfers in the… Read More

October 10, 2020 @ 1:55 pm By Omar Faridi  |  

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

October 6, 2020 @ 8:32 am By Omar Faridi  |  

Sam O’Connor, the CEO at Coconut, a company that provides a tool for self-employed individuals that helps them manage their business finances, has confirmed that their platform now connects with Tide, Transferwise, Tesco Bank and Virgin Money. O’Connor noted that they’ve added four more banking… Read More

September 23, 2020 @ 12:30 pm By JD Alois  |  

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

September 23, 2020 @ 10:04 am By JD Alois  |  

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

September 19, 2020 @ 4:12 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise notes that whether you’re in Budapest, Bangkok or Pisco, you’ll now be able to receive Hungarian forints directly into your TransferWise account — the same way that a local would receive the funds. The TransferWise team clarified that this… Read More

September 7, 2020 @ 9:47 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise provides an eBay PayPal fee calculator in the US. People who sell via eBay and then accept payments through PayPal will be impacted by the extra PayPal and eBay fees. That’s because the extra charges can take a significant… Read More

September 1, 2020 @ 3:37 pm By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Transferwise announced on Tuesday it is now introducing GBP and EUR direct debits. Through the new feature, users may now set up Direct Debits to pay bills and subscriptions across Europe from their TransferWise account. “Whether you’re living in… Read More

August 20, 2020 @ 7:35 am By Samantha Hurst  |  

Mastercard (NYSE: MA) and TransferWise announced on Thursday they have expanded their global partnership to enable the issuance of cards in any market around the globe. According to the duo, Mastercard has built a strong partnership with TransferWise, working with the global technology company since… Read More

August 18, 2020 @ 9:52 am By Omar Faridi  |  

UK Fintech and stealth bank Transferwise reveals how Alternative Airlines has reportedly saved more than £75K in just the past 9 months when using the firm’s money transfer services. The TransferWise team notes that Alternative Airlines has been recognized as one of the UK’s leading… Read More

August 15, 2020 @ 11:31 am By Omar Faridi  |  

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More

August 12, 2020 @ 9:13 am By Omar Faridi  |  

Fintech unicorn and stealth bank TransferWise revealed on August 11, 2020 that it has teamed up with FreeAgent, a UK-based accounting software firm. Through the partnership, both companies aim to offer improved accuracy and more convenience for SMBs when they reconcile their TransferWise multi-currency business… Read More

August 7, 2020 @ 6:14 pm By Omar Faridi  |  

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

August 2, 2020 @ 10:15 pm By Omar Faridi  |  

UK-based Fintech and stealth bank TransferWise recently revealed that it has taken an “exciting” step towards modernizing and streamlining global banking in Asia. The company confirmed that it has brought TransferWise for Banks, its “bank-friendly” API integration, to Asian markets, allowing financial institutions to surface… Read More

July 28, 2020 @ 9:12 pm By JD Alois  |  

As has been rumored for some time now, Transferwise has raised additional funding at a valuation of $5 billion – a 43% increase to its last funding round. According to a note from the Fintech, Transferwise has closed on $319 million in new capital with… Read More