UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round...
Investors in TransferWise, the money transfer service include Richard Branson, Peter Thiel and Max Levchin; according to sources the company...
ICBA selects first fintechs for new accelerator program Partnerships, UX improvements and speed will drive money transfer in 2019 Brexit...
This week’s PeerIQ Industry Update continues their coverage of earnings, this week focusing on Amazon; Square acquired e-commerce service provider...
In an interview with Tearsheet Bradley Leimer, managing director and head of fintech strategy at Explorer Advisor & Capital says companies are underestimating content; most VC’s focus on who can be the next Robinhood or TransferWise when there is plenty of opportunities in the market; companies can use customer data to better educate and better target consumers for a specific financial product; there are a lot of interesting companies in the market who can find their niche to perform and offer consumers more choose. Source.
CNBC has released their 7th annual version of the CNBC Disrupter 50 which consists of startups who have exploited niches...
In an effort to ensure it can keep operating after Brexit, British money transfer company TransferWise will open a new...
The Chinese fintech market has primarily been dominated by local giants but global firms have started to build a presence...
TransferWise is the first fintech to join the Bank of England’s Real Time Gross Settlement (RTGS) system; described as game changing for the company the deal will allow them to lower costs, be on equal footing as banks and offer instant transfers to GBP. Source.
TransferWise is privately launching a borderless account and debit card; the move is beginning to draw comparisons to other fintech companies like Revolut; the account will be rolled out in a small launch then a full launch thereafter; the account will give you access to local bank details for the UK, US, Australia and Europe, as well as allowing you to hold and convert 28 currencies; the move is not seen as replacing the current account but is instead a partner account; the account would allow people working in different countries to convert to their local currency without the hassle of additional fees or having to join a local bank. Source.