General World News

TransferWise, a fast-growing money transfer startup valued at $3.5 billion, just turned in a third straight year of profit

TransferWise founders Kristo Käärmann and Taavet Hinrikus

  • TransferWise, a UK-based money transfer startup, reported revenue growth of 53%, and post-tax income of $12.7 million for the year ended in March.
  • That comes as some upstarts in the financial services industry have struggled to turn profits as they spend on scaling their businesses and adding products.
  • International expansion is a top priority for the fast-growing fintech.

UK-based money-transfer startup TransferWise logged a surge in revenue and higher profit for the year ended in March, and is focused on international expansion.

That comes as some other upstarts in the financial services industry struggle to turn read more >>>

Source:: BusinessInsider.Com