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The Skype of Muti-Currency Payments: TransferWise

According to World Bank, an estimated $515 billion will be transferred by the US immigrants to their respective countries by 2015. Remittances market is huge and growing exponentially. Entrepreneurs have taken note of this market opportunity in this segment and are establishing startups.

One such startup which was recently awarded as the Best Middleweight Startup by Europas-European Tech Startup awards is TransferWise. TransferWise was founded in London in March 2010 by TaavetHinrikus and KristoKaarmann. It was backed by investors like Peter Thiel of Valar Ventures (founde ...

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