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TransferWise - the clever new way to beat bank fees
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Finally, money without borders
From the people who built &
Money Transfers Revisited
”Using the Skype principle to slash the rates that people & businesses pay to send money abroad.”
Money Transfers Revisited
TransferWise is the clever new way to move money between countries.
- Up to 90% lower cost than banks, brokers, & Western Union.
- Transparent pricing based on official exchange rates.No hidden fees, ever.
- A peer-to-peer model enables low-cost, ultra-fast currency exchange by keeping money local.
Key InformationThe truth about traditional money transfers
Traditional money transfer scams you
twice:1.Fixed fee for the transfer2.Hidden fee in the exchange rate (don’t even think about getting the real mid-market exchange rate)
…adding up to 4-6% of your transferred amount!
@ 1.20€/£
The Team
Taavet Hinrikus First employee of Skype, former Director of Strategy
Kristo Käärmann Former consultant with Deloitte & PWC
Board & Investors Peter Thiel (PayPal Co-founder, Facebook’s first investor)Max Levchin (PayPal Co-founder)Roger Ehrenberg (former Managing Director at Deutsche Bank & CitiBank)
Experienced founders, board & investors
Key Information
•Always uses the real mid-market exchange rate – the rate you find on Google, Yahoo Finance, XE.com, etc.
•Charges 0.5% on most routes, with no hidden exchange rate mark-up
•Fully regulated by the UK’s FCA
•Money accepted via local bank transfer and debit card. More local payment methods in development
Founded in 2010, now processing over £1m in transfers every day
Key facts
The TeamThe most important thing…
TransferWise.com
facebook.com/transferwise | @transferwise