Backed by Sir Richard Branson, TransferWise is one of the hottest digital players in international money transfers. The company was born of frustration with one goal in mind, to beat bank fees and bring transparency to overseas money transfers. The two co-founders (one being ex Skype employee number 1) came together with the belief that money should be able to move freely. The company embrace transparancy, offering the mid-market exchange rate, with transaction fees around 0.5% of the amount you are transferring. TransferWise goes as far to say that they offer x10 cheaper rates than the banks. They’re will match any fee and takeaway the headache the banks have been giving you.
TransferWise uses language and highly disruptive marketing tactics to relate to their customers in the hope of exposing the marketing gimmick ‘0% commission.’ Voted by Wired.com one of London’s top 10 startups, Transferwise is breaking through as one of the most clever ways to transfer money between countries.