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TransferWise’s Peer-to-Peer Strategy for Exchange Rate Savings

This post is a part of our live coverage of FinovateEurope 2013.

The second presenter in the second morning session is TransferWise.

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“TransferWise allows regular people to access the real, mid-market exchange rate. We do this using peer-to-peer technology that cuts out traditional fees.  Customers pay a tiny, fully transparent service charge to access this.”

Product Launched: February 2011

HQ Location: London, UK
Company Founded: March 2010
Metrics: $1.35 million in investment capital; 20 employees; transferred over £10 million in the first year; growing at more than 20% per month
Twitter: @transferwise
Presenting Kristo Kaarmann (Co-Founder) and Taavet Hinrikus (Co-Founder)
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