Meet the British Fintech Company Launching in Japan
Taavet Hinrikus, co-founder and CEO of TransferWise, the international money transfer platform, stopped by the BCCJ to address members and guests during his visit to Japan in September 2016. Hinrikus is also a World Economic Forum tech pioneer and advisor to the Estonian president on digital matters.
Background to the Company
The TransferWise story begins in London and Estonia, with Hinrikus working for Skype, on the payroll in Estonia and being paid in euros, but living in London, and fellow co-founder Kristo Käärmann working in London but paying off a mortgage back home in Estonia.
Both became increasingly frustrated in dealing with the banking procedures and excessive transfer charges, which were often hidden and added on.
Article by Vanessa Holden, October 2016.