8.6 C
New York
Monday, July 4, 2022
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

Starling Bank launched Fantasy Football game for the UEFA Women’s EURO of women’s football

Starling Bank is the national banking partner of Uefa Women’s Euro 2022 and now it is leveraging its financial heft to boost engagement by launching the first Fantasy Football game not designed for a men’s tournament.

Revolut has joined the buy now pay later market

Revolut is piloting a new 'buy now, pay later' service in Ireland beginning this week.

Klarna in conflict with Barclays over ‘Irresponsible’ Buy-Now-Pay-Later research

Klarna’s UK executive Alex Marsh has hit out at Barclays for publishing what he called “mind-boggling” and “irresponsible”.

Starling Bank has hit 3m account milestone

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to a recent update.