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TransferWise

13 statements across 1 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement Dec 9, 2018 by Taavet Hinrikus · across every show →

Everything said about TransferWise, oldest first

Dec 9, 2018
Assertion Supported
More than 50 regulatory bodies oversee TransferWise worldwide
“We have more than 50 regulators that oversee what we're doing.”
Taavet Hinrikus Dec 9, 2018 ▶ 23:18 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 positive
Assertion Partly supported
TransferWise became the first non-bank granted direct access to UK Faster Payments
“And no one else has been added to Fast for Payments since then until we became the first new member and first non-bank to be added.”
Taavet Hinrikus Dec 9, 2018 ▶ 11:52 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 bullish
Assertion Supported
TransferWise employs 1,200 people and processes $4 billion monthly
“Today we're a team of 1200 people around the world moving 4,000,000,004 billion dollars every month.”
Taavet Hinrikus Dec 9, 2018 ▶ 6:13 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018
Assertion Not checkable as stated
TransferWise's largest transfer volume corridors are between developed Western countries
“Most of our money goes from first world to first world. Our biggest corridor are between UK and US, UK and Spain, UK and Germany.”
Taavet Hinrikus Dec 9, 2018 ▶ 21:45 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 neutral
Assertion Supported
The average TransferWise user transfers thousands of dollars per transaction
“An average user sends thousands of dollars at a time using Counterwise.”
Taavet Hinrikus Dec 9, 2018 ▶ 7:20 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 neutral
Assertion Supported
EU single passporting reaches 500 million people compared to 50 US regulators
“We are regulated by the regulator in UK, and we can passport our license to all European Union member states. That means one regulator gives us access to five hundred million people. Whereas in US, we have 50 state regulators.”
Taavet Hinrikus Dec 9, 2018 ▶ 14:14 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 bullish
Assertion Not publicly verifiable
TransferWise has captured over 15% of the UK money transfer market
“So in UK, we have more than 15% market share.”
Taavet Hinrikus Dec 9, 2018 ▶ 6:33 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 bullish
Prediction Not checkable as stated
The US will soon overtake the UK as TransferWise's largest sending country
“UK is still our biggest sending country. It will be overtaken by US very soon, but today UK is the biggest sending country, and the biggest corridor is from UK to Euros, to all over Europe.”
Taavet Hinrikus Dec 9, 2018 ▶ 21:57 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 positive
Assertion Supported
TransferWise raised its Series E funding despite already being profitable
“We frankly raised money not because we needed it, but because we were already profitable.”
Taavet Hinrikus Dec 9, 2018 ▶ 15:09 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 positive
Disclosure
TransferWise executed multiple price cuts in 2018 to pass on efficiency savings
“We have done a large number of price cuts this year because we've seen we can do things better than we thought. So obviously we're going to lower the price and make sure we're passing on these savings to our consumers.”
Taavet Hinrikus Dec 9, 2018 ▶ 10:37 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 bullish
Prediction Not checkable as stated
Brexit will only increase the amount of cross-border money flowing on TransferWise
“I mean, if anything, Brexit will only increase the amount of money flowing, I would say.”
Taavet Hinrikus Dec 9, 2018 ▶ 22:15 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 positive
Assertion Supported
TransferWise generated over $100 million in revenue and $8 million profit
“If our financial report wasn't accurate, something would be severely wrong. So these numbers are as accurate as it gets.”
Taavet Hinrikus Dec 9, 2018 ▶ 8:05 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
Dec 9, 2018 positive
Disclosure
TransferWise will launch its multi-currency debit card in the US in 2019
“You also have a debit card which you can use, which has launched in Europe already. It's coming to US early next year.”
Taavet Hinrikus Dec 9, 2018 ▶ 19:46 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future?
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