Banks and other providers often add a markup to their exchange rate while advertising low fees, which means you could be paying huge hidden charges. TransferWise transparently displays its fee upfront and deducts it before conversion. No nasty surprises. TransferWise recently launched a Borderless account for businesses and freelancers across the US and Europe to hold money in up to 27 currencies.
Related services
-
Ripple
Instant, certain, low-cost international payments
-
TransferZero
TransferZero is a money transfer fintech 100% online, that saves commissions and time to their customers
-
Moneytis
Moneytis builds a transparent booking.com for money transfer options
-
Kantox
Accesso diretto al mercato valutario. Valute estere senza spread di intermediazione. Dynamic Hedging.
-
Plynk
Plynk is the new messaging app you can't afford to live without. Learn why and sign up for an invite
Discussion
Fintastico Team
1 day, 2 hours
https://www.crowdfundinsider.com/2019/03/145592...
Galileo Posts 88% Run Rate Increase in 2018
Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday its significant growth and an expanded portfolio of payments and cash management solutions that increase business opportunities for its clients. Galileo reported its client base grew 34 percent and the company's number of employees increased
Fintastico Team
1 week, 3 days
https://www.finextra.com/blogposting/16785/the-...
The battle for real-time payments dominance in the U.S.
Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been adv...
Fintastico Team
2 weeks, 6 days
https://www.finextra.com/pressarticle/77461/lon...
London crowned Unicorn capital of Europe
London is top choice for international scale-up businesses, according to latest data compiled by London & Partners, showing that the UK capital is Europe’s number one tech hub for unicorn companies and attracted more foreign direct investment (FDI) than any other city in 2018.
Fintastico Team
3 weeks
https://www.crowdfundinsider.com/2019/02/144968...
Innovate Finance Publishes Women in FinTech Powerlist 2018: Leading the Way
Innovate Finance, the independent industry body for UK Fintech, published its Women FinTech Powerlist. Launched in 2015, the Women in FinTech Powerlist has increasingly attracted a global audience, resulting in an unprecedented volume of applications and nominations this year from around the world. The 2018 iteration
Fintastico Team
3 weeks, 1 day
https://www.crowdfundinsider.com/2019/02/144947...
N26 Set to Open New Office in Brazil
Germany-based challenger bank N26 is reportedly set to open a new office in Brazil at the beginning of March. The news comes less than two months after N26 secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight
Fintastico Team
1 month
https://www.finextra.com/blogposting/16686/real...
Real time payments significant impact on Financial Services
As real-time payment rails expand geographically, there’s an underlying infrastructure that allows p...
Fintastico Team
1 month, 1 week
https://www.crowdfundinsider.com/2019/02/144373...
TransferWise Lowers their Rates. Can Banks Ever Compete?
Fintech unicorn and stealth bank TransferWise is dropping their rates even lower. According to an email distributed by the UK based Fintech, fees for transfering currency are going down. Using the process of transferring dollars to euros, TransferWise cited the following example: Transfer USD $700 via bank ACH:
Fintastico Team
1 month, 1 week
https://www.finextra.com/blogposting/16633/digi...
Digital Banks - Business Models
Amongst the multitude of digital-only banks that emerged recently in Europe, the big five (Monzo, N2...
Fintastico Team
1 month, 2 weeks
https://www.finextra.com/pressarticle/77170/cur...
Curve unveils metal card
Curve, the smart card that lets users keep all their credit and debit cards on a single card, has unveiled the world’s first metal ‘all your cards in one’ card that opens a world of exclusive benefits tailored to meet the needs of the “Experience Generation”.
Fintastico Team
1 month, 2 weeks
https://www.crowdfundinsider.com/2019/01/143925...
N26 Launches Subscription-Based Premium Current Account “Black”
Germany-based challenger bank N26 announced earlier this week the launch of its new subscription-based current account, Black. This news comes days after N26 celebrated its fourth birthday and weeks after the company successfully secured $300 million through its Series D funding round, which was led by venture capital and
Fintastico Team
1 month, 2 weeks
https://www.finextra.com/blogposting/16600/digi...
Digital Banks - Value Propositions
There is little doubt that mobile is an increasingly popular channel to manage finances as 2018 saw ...
Fintastico Team
2 months, 1 week
https://www.finextra.com/newsarticle/33191/tran...
TransferWise opens Belgian office ahead of Brexit
London-based fintech unicorn TransferWise is applying for a money transfer license in Brussels as it seeks to guard against disruption in the event of a no-deal Brexit.
Fintastico Team
2 months, 1 week
https://www.crowdfundinsider.com/2019/01/143166...
N26 Secures $300 Million Through Series D Funding Round Led By Insight Venture Partners
Germany-based challenger bank N26 announced on Wednesday it secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight Venture Partners, withparticipation from GIC, Singapore’s sovereign wealth fund, and several existing investors. The company reported the funds have
Fintastico Team
2 months, 1 week
https://www.crowdfundinsider.com/2019/01/143087...
Monzo Looks Back on 2018 Successes & Announces 2019 Goals
Just days after ringing in the new year, UK challenger bank Monzo took a look back at all of its successes throughout 2018. The fintech unicorn hit various milestones throughout the past twelve months, including quickly securing £20 million through its most recent crowdfunding round and
Fintastico Team
2 months, 1 week
https://www.finextra.com/blogposting/16504/five...
Five Customer Experience Trends That Will Lead The Banking Transformation in 2019 and Beyond
It can be a major challenge to adapt a financial company to the fast-paced digital world. For some, ...
Fintastico Team
2 months, 3 weeks
https://www.ccn.com/visa-acquires-ripple-partne...
Visa Acquires Ripple Partner Earthport For $250 Million
Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the
Fintastico Team
4 months, 1 week
https://www.finextra.com/newsarticle/32954/tran...
TransferWise revamps business account
TransferWise has revamped its overseas business account to include a debit card, integration with accounting platform Xero and an API for the development of third party payment automation applications.
Fintastico Team
4 months, 1 week
https://nulltx.com/can-i-use-transferwises-bord...
Can I Use TransferWise's Borderless Account to Buy and Sell Bitcoin? - NullTX
Cryptocurrency users are always looking for convenient solutions when dealing with exchanges. Unfortunately, there are numerous banks preventing users from buying or selling cryptocurrencies in this day and age. That makes the service provided by TransferWise interesting, a sit provides personalized bank details for users. The TransferWise Bank Account Concept A little while ago, TransferWise …
Fintastico Team
4 months, 1 week
https://www.finextra.com/pressarticle/76312/nat...
NatWest leads TransferWise’s £65 million syndicated debt facility
TransferWise, a financial company for people who travel, live and work internationally, has completed a £65 million syndicated debt facility with NatWest, JP Morgan and LHV Bank to support the increasing requirements of its growing international customer base.
Fintastico Team
4 months, 2 weeks
https://www.crowdfundinsider.com/2018/11/141003...
N26 Expansion: German Challenger Bank Brings Services to Denmark, Norway, Poland, & Sweden
Germany-based challenger bank N26 is bringing its services to Denmark, Norway, Poland, and Sweden. This news comes just weeks after the fintech officially launched in the UK. As previously reported, N26 was founded in 2013 and stated it has redesigned banking to make it simple, fast and contemporary.
Fintastico Team
4 months, 2 weeks
https://www.finextra.com/newsarticle/32892/jpmo...
JPMorgan's Interbank Information Network now encompasses more than 100 banks
The number of banks joining JPMorgan's blockchain-based Interbank Information Network (IIN) has grown to over 100, addressing cross-border payments in every major market, including Latin America, Asia, Europe, the Middle East and Africa.
Fintastico Team
4 months, 2 weeks
https://www.finextra.com/newsarticle/32900/dutc...
Dutch digital bank bunq teams up with TransferWise
Dutch challenger bank bunq has teamed up with TransferWise to let its customers make fast, low-cost international payments.
Fintastico Team
4 months, 2 weeks
https://dailyfintech.com/2018/11/03/we-are-abou...
We are about to enter the Cambrian explosion era of Security Token platforms
This post is written by Sheldon Freedman, a fintech and funds lawyer at Hassans in Gibraltar. Security Tokens is a big, complex subject that requires legal, technical and commercial knowledge. We …
Fintastico Team
4 months, 3 weeks
https://www.finextra.com/blogposting/16225/why-...
Why Don’t Money Transfer Rates Matter as Much as Credibility in the Industry?
One of the first lessons that people learn in the financial industry is that credibility counts. Whi...
Fintastico Team
4 months, 3 weeks
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
London Fintech Firm Yoyo Wins $30m Funding Round — Red Herring
Yoyo, a British mobile payments and loyalty platform, has won $30 million from fintech investor Hard Yaka. The London-based startup, founded in 2013 by Michael Rolphe, David Nicholson and Alain Falys, will…
Fintastico Team
4 months, 4 weeks
https://cointelegraph.com/news/use-of-blockchai...
Use of Blockchain in Major Industries by Numbers: Retail, Manufacturing, Finance, and Others
The value of blockchain technology in leading markets has grown rapidly over the past 12 months.
Fintastico Team
5 months
https://www.finextra.com/blogposting/16166/bank...
Bank of England, the main roadblock to opening up UK payments
We learned on Thursday 18th October 2018, at the launch event of Pay.uk, that any renewal of the UK'...
Fintastico Team
5 months
https://www.crowdfundinsider.com/2018/10/140257...
Coinfloor Bitcoin Exchange Newly DLT-Licensed in Gibraltar
According to the GFSC, Gibraltar “is committed to being a sound and safe place to do business with and is considering a complementary regulatory framework covering the promotion and sale of tokens, aligned with the DLT framework.” As expected, crypto platforms are taking advantage the
Fintastico Team
5 months
https://www.crowdfundinsider.com/2018/10/140257...
Coinfloor Bitcoin Exchange Newly DLT-Licensed in Gibraltar
According to the GFSC, Gibraltar “is committed to being a sound and safe place to do business with and is considering a complementary regulatory framework covering the promotion and sale of tokens, aligned with the DLT framework.” As expected, crypto platforms are taking advantage the
Fintastico Team
5 months
https://www.ccn.com/194-million-was-moved-using...
$194 Million was Moved Using Bitcoin With $0.1 Fee, Potential of Crypto
On October 16, an investor moved 29,999 Bitcoin (BTC) worth $194 million with a $0.1 fee, which with banks cost tens of thousands of dollars.
Fintastico Team
5 months
https://www.finextra.com/pressarticle/75875/lvh...
LVH selects Form3 for connection to Faster Payments
Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure.
Fintastico Team
5 months, 1 week
https://nulltx.com/u-ks-oldest-bitcoin-exchange...
U.K’s Oldest Bitcoin Exchange Lays Off Most Of Its Workers, Blames Bearish Market - NullTX
When the prices of cryptos skyrocketed in 2017, hundreds of crypto exchanges sprung up as the number of people interested in trading cryptos shot up. However, the market has cooled off significantly, Bitcoin is trading at a third of its December high price and the exchanges are feeling the heat. U.K’s oldest crypto exchange Coinfloor …
Nadia Nolan
5 months, 1 week
https://sdk.finance/how-to-choose-a-payment-api-for-p2p-transfers/
Fintastico Team
5 months, 1 week
https://www.ccn.com/while-major-crypto-exchange...
While Major Crypto Exchanges Flourish, Minor Platforms Struggle
While major cryptocurrency exchanges are seeing their businesses flourish, minor exchanges are struggling in the bear market.
Fintastico Team
5 months, 1 week
https://www.ccn.com/london-cryptocurrency-excha...
London Cryptocurrency Exchange Coinfloor Confirms Layoffs
Coinfloor, the oldest bitcoin exchange in the U.K., will lay of most of its 40 employees, according to two sources interviewed by the Financial News.
Fintastico Team
5 months, 2 weeks
https://thefintechtimes.com/nordigen-secures-fu...
Nordigen Secures $1 Million in Funding After the Last Round from Seedcamp and Inventure | The Fintech Times
Legacy traditions are being replaced with more customer friendly solutions, credit bureaus are next in line for disruption.
Fintastico Team
5 months, 2 weeks
https://www.crowdfundinsider.com/2018/10/139777...
German Challenger Bank N26 Announces UK Expansion
Germany-based challenger bank N26 has officially launched in the UK! the fintech reportedly issued its first British accounts on Thursday. The launch of the UK accounts comes just a few months after N26 announced it serves more than one million customers across the European continent and
Fintastico Team
5 months, 2 weeks
https://www.crowdfundinsider.com/2018/10/139765...
TransferGo Offers 'Free' International Money Transfers, Preps for Upcoming Seedrs Campaign
No fees for international transfer? Global remittance company TransferGo has reportedly launched the first 'completely free' international money transfer service. Customers may transfer money around the world at 'absolutely no cost', averred the platform; in lieu of fees, the money transfer will be offered at the mid-market
Fintastico Team
5 months, 2 weeks
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Fintastico Team
5 months, 3 weeks
https://cointelegraph.com/news/wallet-provider-...
Wallet Provider Blockchain.com Makes LinkedIn’s 2018 Top 25 UK Startup List
Nicolas Cary’s Blockchain.com wallet service has come in ninth place in this year’s Top 25 startups list by LinkedIn.
Fintastico Team
5 months, 3 weeks
https://www.finextra.com/newsarticle/32695/jpmo...
JPMorgan blockchain project recruits 70+ banks
An interbank blockchain project led by JPMorgan designed to speed up the exceptions process has recruited more than 70 banks in a move that would make it one of the largest application of distributed ledger technology (DLT) by regulated banks.
Fintastico Team
5 months, 4 weeks
https://www.finextra.com/pressarticle/75545/nor...
Nordigen scores fundining to disrupt credit bureaus
European success story Nordigen aims to disrupt credit bureaus and help creditworthy people get access to loans. Their algorithms have already analysed close to 1 billion transactions to date.
Fintastico Team
5 months, 4 weeks
https://www.finextra.com/blogposting/16027/why-...
Why Corporate Banks should be embracing AI and Machine Learning
With Fintechs and other challengers threatening to pick off the most profitable parts of Corporate B...
Fintastico Team
6 months
https://www.finextra.com/newsarticle/32689/pers...
Personal finance bot Cleo raises $10m
British AI-based personal finance chatbot Cleo is set to start offering its own financial products after raising $10 million in a Series A funding round led by Balderton Capital.
Fintastico Team
6 months, 1 week
https://www.crowdfundinsider.com/2018/09/138880...
TransferWise Reports Second Year of Profit & Revenue Almost Doubling
Fintech unicorn, TransferWise, announced on Monday its yearly report, which indicated some growth and development for the money transfer service platform. Founded in 2011, TransferWise is on a mission to provide a positive, irreversible change in the world of finance. It claims to be the fairest, easiest
Fintastico Team
6 months, 1 week
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Fintastico Team
6 months, 1 week
https://www.finextra.com/pressarticle/75335/tra...
TransferWise reports second year of profit
Annual revenue at TransferWise grew by over 75% in the last financial year to £117 million, the company announced.
Fintastico Team
6 months, 1 week
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Fintastico Team
7 months, 1 week
https://www.finextra.com/blogposting/15643/the-...
The Only Way for Banking to Survive Digital Disruption Is an Experience Mindset Implementation
We are witnessing how digital technology disrupts the financial industry. Placing the focus on custo...
Fintastico Team
7 months, 2 weeks
https://www.finextra.com/pressarticle/75035/val...
Fintastico Team
7 months, 2 weeks
https://www.crowdfundinsider.com/2018/08/137485...
Fintastico Team
7 months, 2 weeks
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Fintastico Team
7 months, 2 weeks
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Andrea M
10 months, 4 weeks
https://www.finextra.com/newsarticle/32008/tran...
TransferWise launches multi-country bank account
TransferWise has launched its 'borderless' multi-country bank account and debit card, enabling customers to easily manage their money between countries.
Fabrizio Villani
1 year, 4 months
TransferWise raised $280m in series E funding. The round, which includes secondary investments, was led by Old Mutual Global Investors and IVP with participation from Sapphire Ventures, Mitsui & Co, Ltd, and World Innovation Lab as well as existing investors Richard Branson, Andreessen Horowitz, and Baillie Gifford. The company, which has raised $397m in total funding, intends to use the funds to continue to expand globally, with a particular focus on Asia-Pacific and Latin American regions, including launching its service in India and Argentina.
Fabrizio Villani
2 years, 5 months
http://uk.businessinsider.com/transferwise-adds...
TransferWise adds business-to-business transfers
This story was delivered to BI Intelligence...