Personally I have been under attack on Youtube, Google Search, AdSense, banner ads and outdoor ads. To be honest, it worked, as I used the company to Transfer some of my hard earned cash to the USA and it worked without a hitch. Unfortunately, though, I can’t get the money back easily as you can’t use Transferwise to make the transfers from the US yet.
I don't enjoy writing articles where I become somewhat of an advertising mouthpiece, but even more than that I hate banking fees, so here we go. Transferwise is giving away $100,000,000 worth of free international bank transfers to European startups, making it more cost effective to pay employees or suppliers abroad, attend conferences, or set up overseas offices.
Transferwise is a London/Estonia based startup that cuts down the huge costs associated with sending international wire transfers through banks. The company is regulated by the FSA and HMRC, and gives average people access to the mid-market exchange rate by using peer-to-peer technology that matches up money transfers.
Arctic15 early bird tickets are now available at Arctic15.com! While the event is still some time away, we wanted to come out with our first batch of speakers to the event as well as more information on the concept itself.
Transferwise, the currency transferring service, has raised $1.3 million (€0.99 million) to expand their team and help bring their service to more currencies. The company was started by two Estonian entrepreneurs, Taavet Hinrikus and Kristo Kaarmann, and is based in London.
The investment was led by IA Ventures, Index Ventures, Max Levchin (co-founder of Paypal) and a group of strategic investors -- such as Errol Damelin, the founder of Wonga. In an interview with ArcticStartup, Co-founder Taavet Hinrikus, the first employee at Skype, described this fundraising as not only a path to expand, but also a strategic way to get the best team together behind the project.
Transferwise has just come out with an announcement that the company has transferred around $13.4 million in currency exchange in its first year. It is situated in London and offers currency exchange for a mere £1. We covered the company a little over a year ago, when it began operations.
The $13.4 million in transfers was made up of over 5500 individual transfers, which may not seem like a lot but this yields an average exchange to be just over $2300. To me this is a sign of trust if people are willing to transfer amounts this large across the service.
Voxtrot is building a free mobile network. The Switzerland based company is headed by Taavet Hinrikus, who happens to be Skype's first employee. There seems to be a lot of activity in the mobile space, not only in gaming but on a deeper level to the way the whole infrastructure works. Earlier this week wrote on Blaast, who is working in a slightly similar space and now Voxtrot is pushing to be your free alternative to traditional operators (though you still need an operator agreement to access the free calls).
The largest market globally is clearly the financial market where the demand is actually supplied and paid for by the goods themselves - money. TransferWise is a new startup from Estonia that looks to stir things up a little in the currency exchange market. Currently, the market is dominated mostly by brick and mortar organisations who charge high comissions or margins on a simple transaction.