London Cash Startup based peer-to-peer money transfer service TransferWise Is Now Worth $1B

London Cash Startup based peer-to-peer money transfer service TransferWise Is Now Worth $1B

TransferWise allows users to transfer money across borders and currencies significantly cheaper than the transfer options offered by traditional banking services. Founded by former Skype employees, it’s transferred more than $3 billion on its platform and is growing steadily — between 15% and 20% every month, reports the FT.

Ripe financial services are for disruption… For too long legacy providers’ dominance of the market has allowed consumers to be hoodwinked into paying huge hidden charges for services as basic as currency exchange

http://www.businessinsider.com/transferwise-58-million-andreessen-horowitz-2015-1

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