Fast Company recently released the 2018 edition of the World’s Most Innovative Companies, which spans more than 350 enterprises across 36 categories. A company named TransferWise was listed in the Top 10 for the World’s Most Innovative Companies 2018 for Finance. TransferWise is a top personal money saving app that makes sending, receiving and spending money internationally come at a low cost.
TransferWise was founded in 2010 by Taavet Hinrikus and Kristo Kaarmann who believe that money is meant to flow freely. Today the platform has 3 million users that can serve over 47 currencies in 69 countries while avoiding the high fees that banks charge for moving your money across different countries. They have been found so ave customers more than $50 million per month compared to using a bank and will always provide the real exchange rate.
TransferWise is leading the trend on fintech companies partnering with banks in order to bring the best financial services. They recently partnered with Monzo to power international payments for the U.K. challenger bank’s 750,000 customers. Monzo is a bank that lives on your smartphone and have more than 600,000 customers using debit cards to manage money and spend it around the world. Customers are now able to access TransferWise’s services through the integration on Monzo’s app.
TransferWise has launched its Borderless Account and debit card that is like having bank accounts all over the world. The account is multi-currency that lets you keep money in over 40 currencies and convert them at the real exchange rate. The debit card will be available in the U.S. later this year and is already available in most of Europe.
TransferWise provides the opportunity to avoid the deceptively expensive charges of sending, receiving and spending money abroad. If you are interested in in creating an account with TransferWise, the app is available for download on both iOS and Android devices. If you would like more information visit their website www.transferwise.com and keep up to date with them by following them on social media platforms such as Facebook, Instagram or Twitter.