TransferWise is the first fintech to join the Bank of England’s Real Time Gross Settlement (RTGS) system; described as game changing for the company the deal will allow them to lower costs, be on equal footing as banks and offer instant transfers to GBP. Source.
Remittances is a huge business with over $600 billion remitted every year; the fintech startups currently leading are WorldRemit, TransferWise and Remitly; the WSJ breaks down the various offerings as well as the other players in the industry; includes data on the remittance market across the globe and trends in the industry. Source
Santander has launched a new money transfer business to take on the likes of TransferWise; PagoFX was created after Santander...
There has been considerable buzz around Facebook’s Libra project and what it means for the monetary systems; fintech companies are...
TransferWise sold $319mn worth of shares to early investors and employees that valued the fintech at $5bn; the company’s valuation...
Institutional Venture Partners (IVP) has also invested in Netflix, Snapchat and Twitter; with the newest round of funding the company's value is expected to increase to over $1 billion; it has previously raised a total of $116 million; the firm is currently doing more than GBP1 billion ($1.29 billion) of transfers per month on its platform; new initiatives include opening a Singapore office, launching a borderless business account and adding its service to Facebook Messenger. Source
Marc Roberts is the general counsel for German fintech Raisin and the founding president of the European Fintech Association; while...
Remittances have always been extremely important to a certain segment of the economy and the process has been dominated by...
Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...
Mastercard is already working with names like Brex, Revolut and TransferWise; they have also announced programs in order to make...