TransferWise’s platform bypasses the traditional international bank-payments system. This means lower fees for its 6m customers — who transfer a total of £4bn a month. Last month, it launched its first two banking partnerships in the US and a new account allowing people and businesses to hold money in up to 49 currencies, and extended its partnerships with international banks to include Dutch bank bunq, while also working with Monzo to help the bank’s digital customers make international transfers. Sales hit £179.1m this year, under co-founders Taavet Hinrikus, 38, and Kristo Kaarmann, 39.

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Company details
Year2019
Rank157
CompanyTransferWise
ActivityCurrency transfer provider
LocationEast London
Sales £m179.1
Operating profit £m12.1
Main shareholdersAngel investors & VC (>50%), founders (<50%)
Staff1,700
Founded2010
Websitewww.transferwise.com

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda