TransferWise founders to cash out tens of millions as IVP invests at $1.6 billion valuation LeapRate

September 19, 2017 BY LeapRate Staff

TransferWise founders to cash out tens of millions as IVP invests at $1.6 billion valuation

Peer to peer money transfer provider TransferWise is getting set to announce its latest funding round, which will also see co-founders Taavet Hinrikus and Kristo Kaarmann and some other early investors cash out some of holdings. The financing round, to be led by Silicon Valley venture capital fund IVP, will apparently be done at a $1.6…

May 23, 2017 BY admin

TransferWise launches multi-currency business bank accounts

UK money transfer provider TransferWise today launched its 'borderless' bank account for businesses that need a multi-currency account for trading in overseas markets. The UK-based money transfer company is set to record its first operating profit this year and claims more than one million customers. The company reportedly has more than doubled revenue in the…

May 23, 2017 BY LeapRate Staff

Money transfer company OFX Group sees shares rise 17% on better than expected Fiscal 2017 results

Shares of Australia based currency transfer provider OFX Group Ltd (ASX:OFX) popped today, up 17% after the company reported Full Year 2017 results. OFX Group, formerly known as OzForex, has a March 31 fiscal year end. OFX Group's results reflected growth in active clients and transaction volumes with good momentum in the US, but lower Average Transaction…

May 18, 2017 BY admin

OANDA and Western Union team up for cross-border money transfers

The service has officially launched in the US, Canada, Australia, and the UK, and will be expanding to additional countries in the near future. OANDA, one of the world’s largest providers of multi-asset trading services and foreign exchange solutions for individuals and businesses, today announced that it has teamed up with The Western Union Company…

April 20, 2017 BY LeapRate Staff

Send Money Abroad Without Killer Fees

This article was written by contributor Kat Smith. From thrifty business owners to parents who need to send money to students traveling or studying abroad, people are able to send money overseas for cheaper rates and much more efficiently than what your average bank offers. The secret to this is simple. There are a wide variety…

February 22, 2017 BY admin

TransferWise integrates currency transfer service in Facebook Messenger

It was announced today that FCA-UK regulated e-money service TransferWise has partnered with Facebook. The company has unleashed the 'TransferWise Bot' within Facebook Messenger. If you’re a TransferWise customer, you can now send money - and set up rate alerts through the popular Facebook Messenger app. Here’s what TransferWise Bot does: - It guides you through…

Category: Currency Transfer