Tech Track 100

Founded in 2010 by Taavet Hinrikus, 39, and Kristo Kaarmann, 40, this firm’s currency exchange technology bypasses the traditional international bank-payments system to charge lower fees to its eight million customers. It moves £4bn every month between 54 currencies, and has 14 offices globally, including in Tokyo, New York and Brussels. In response to the pandemic it is waiving fees on donations made through its platform to organisations researching a Covid-19 vaccine. Sales reached £302.6m this year, and in July, the company sold $319m of shares in a private share sale that valued it at $5bn.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2020
Rank64
CompanyTransferWise
ActivityInternational payments provider
LocationCentral London
Average 3 year sales growth65.85%
Latest sales £000s*302,600
Staff2,200
Founded2010
Websitewww.transferwise.com

If applicable:

* supplied by company † annualised figure