8.6 C
New York
Wednesday, April 21, 2021
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.”

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

Recent posts

Revolut’s new funding could mean a 10B $ valuation for the company

Revolut is about to step into new fundraising and the new valuation of the company is expected to be at more than $10bn (£7.2bn).

N26 enters the insurance market

N26 is partnering with Simplesurance and launched an "attack on the European insurance industry" and launches first on-demand offer.

How are transfer apps building trust with their users?

For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*

Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.