8.6 C
New York
Wednesday, February 21, 2024
Home Fintechs TransferWise will hire 750 new staff members in the next 6 months

TransferWise will hire 750 new staff members in the next 6 months

Biggest money transfer Fintech company TransferWise aims to add 750 jobs over the next six months.

This follows a successful period of Transferwise as it announced a 70% growth in revenue over the last financial year to £302.6 million.

Read also: Revolut reached break-even in November, according to CEO Nik Storonsky

The company also managed to double its profits from £10.1 to £20.4m in the 12 months up to March 31. The customer base exceeded nine million earlier this year.

TransferWise has currently about 2,200 employees across 14 offices, serving their 9 million customers worldwide.

The upcoming hiring is therefore equivalent to more than a third of its current workforce. TransferWise also plans to hire the most workers in the UK with 175 new roles expected to be added in the next 6 months.

Kristo Käärmann, co-founder and CEO of TransferWise, said: “We’re already improving international banking for nine million people and businesses, but this is just the very beginning. We need a lot of help beyond our current team of 2,200 people to achieve our mission of money without borders.”

“We started TransferWise in 2011 distributed across 3 locations, and we have, over time, expanded to 14 offices. Working in distributed teams is in our DNA from the beginning, and we’re proud to be able to change and adapt our working practices to better suit our hard-working teams.”

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Payment Technology Trends Shaping 2024 and Beyond

In commerce, staying ahead means understanding and implementing the latest in payment technology trends.  As we edge toward 2024...

The Future of Digital Payments: Exploring PayPal Alternatives

PayPal has been a major force in digital payments since its debut in 1998, leading the charge in online financial interactions. However,...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

Nubank: Supercharged Banking and Predicted to Soar Beyond $100 Billion

In this blog, we will explore two exciting developments that have everyone talking about Nubank: its potential for exponential growth in share value and its remarkable expansion to serve more than 90 million customers across Latin America.