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.

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Company details
Year2020
Rank41
CompanyTransferWise
ActivityInternational payments provider
LocationCentral London
2-yr av intl sales growth pa77.20%
International sales £000s132,500
Total sales £000s179,100
Staff1,800
Founded2010
Websitewww.transferwise.com

If applicable:

* Supplied by company † Annualised figure