TransferWise

“And then Ben passed on the deal, I think twice, maybe? But finally corrected this ridiculous mistake, and now we are an investor in TransferWise, and very happily so.”

“Take a market like Sweden, the reason why Spotify partly has been successful was, from day one, the product was built to go global. The same thing with Skype, transfer-wise, a building for a global audience, because The local population is far too small to be …”

“I do think the trajectory of that business has changed. It would be in a very different curve. Had it not been for some of that American capital that came in very early.”

“So, you know, you do have the Skype founders who've obviously done an incredible amount with Atomico and then some, but you have Tavit who left Skype and started TransferWise, which is a portfolio company of ours. Absolutely. And you know, I would say has a hu…”

“TransferWise is doing an amazing job, and I hope this goes down as, you know, one of the biggest companies ever to come out of Europe, up there with Spotify and Skype, or bigger than even those companies.”

“We typically do it 10 times cheaper than the bank would do it, and we do it in a pretty quick way.”

“If we look at the research and one of the things which was somewhat surprising to us was that the views don't differ that much based on age.”

“So we have five percent market share in UK and I think it's kind of hard to find other examples of companies having reached five percent share in any given geography.”

“The average transaction size is 2000 dollars on transfer wise.”

“So for us, the customer acquisition problem is really explaining the problem.”

“In every country where we are, we have banking partners and infrastructure, so it's about 52 bankers that we, ah, that we pay fees to, and you know, in total, that's multiple millions a year.”

“People have told me that I was stupid because I chose the other way. I spent about nine months before showing the product to anyone, going through the FCA, then FSA regulation process and licensing. So we took the way, unlike Uber or Airbnb, to be a fully lice…”