Wise co-founder Kristo live on Bloomberg

Wise
04.02.15
1 minute read

Kristo Kaarmann, Wise co-founder and CEO, talks live with Bloomberg's Cory Johnson on how banking is being revolutionised.

Kristo explains how Wise has been able to disrupt the international money transfer market:

"The banks are behind on the technology curve, startups are figuring out how to do this much better. There’s a lot of legacy in banking that goes back to the business models.

That’s how we came to Wise, realising that there’s a lot of hidden costs when you move money around. Whenever you move money from one country to another, about 5% goes missing!

People have moved about $4.5 billion dollars across the Wise platform, and saved about $200 million in bank fees. We’re putting money from banks fees back into people's pockets."

Watch the full interview here.

Wise is the smart, new way to send money abroad.

Find out more
News

The Gender Pay Gap at Wise

What is the gender pay gap? Since 2017, companies with more than 250 employees in the UK have had to report a series of figures annually on the 5 April, as a...

Hayley Bucur
28.03.22 6 minute read
News

January 2022 Trading Update

Welcome to our quarterly trading update blog post where we will be going through our mission and financial highlights from the last three months, October to...

Matt Briers
19.01.22 4 minute read
News

Life beyond Wise

Over a decade ago, Kristo and I were outraged by the sky-high fees banks charged us to transfer money between the UK and Estonia. So we started a Skype chat...

Taavet Hinrikus
09.12.21 2 minute read
News

H1 FY22 Trading Update

Welcome to our first half year results blog post as a listed business where we are excited to go through our mission and financial highlights for the six...

Matt Briers
30.11.21 10 minute read

Tips, news and updates for your location