International Track 200

TransferWise’s currency exchange platform bypasses the traditional international bank-payments system to charge lower fees to its 6m customers, who transfer £4bn a month. Last year’s overseas sales hit £132.5m under Estonian co-founders Taavet Hinrikus, 38, and Kristo Käärmann, 39, who sold some of their shares in a £230m funding round in May, valuing the firm at £2.4bn. The company has since secured banking partnerships in America and a licence to operate in the UAE.

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
ActivityInternational payments provider
LocationCentral London
2-yr av intl sales growth pa77.20%
International sales £000s132,500
Total sales £000s179,100

If applicable:

* Supplied by company † Annualised figure