Wise (formerly TransferWise) is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011. Wise was founded by Taavet Hinrikus, Skype’s first employee, and financial consultant Kristo Käärmann.
In this article, we will be looking at how to receive money from abroad to Ghana through TransferWise. In its first year of operation, transactions through Wise amounted to €10 million.
In 2012, Wise was named as one of “East London’s 20 hottest tech startups” by The Guardian, Start Up of the Week by Wired UK, one of five “start-ups to watch” at Seedcamp’s 2012 US Demo Day by TechCrunch, and made it to Startups.co.uk’s list of the top 100 UK start-ups of 2012.
In April 2013, TransferWise stopped letting users purchase Bitcoin, citing pressure from banking providers. Independent comparison site Monito revealed that Wise was on average 83% cheaper than the big four UK banks on major currency “routes”, but could be up to 90% cheaper in certain specific cases.
In May 2015, Wise was ranked No. 8 on CNBC’s 2015 Disruptor 50 list, and in August 2015, the company was named a World Economic Forum Tech Pioneer.
