Thiel becomes the second PayPal co-founder to put money into the UK’s Transferwise, which lets users send money internationally at much lower rates than those offered by traditional banks. Read more »
Customers of the UK fintech startup can now use their debit cards on the site, instead of having to visit their online bank in order to initiate a transfer. Canadian dollars will soon be supported, too. Read more »
London-based financial startup The Currency Cloud, which offers businesses a platform to dramatically cut their cross-border payment costs, has just sealed a $3.1m round of investment from Notion Capital — and the cash comes with serious ambitions attached. Read more »
London-based peer to peer currency exchange Transferwise has passed €10 million in transactions, saving customers nearly half a million Euros in fees that would have otherwise landed in the hands of the banking industry. Read more »
London startup Transferwise wants to be the Skype of currency exchange, disrupting existing services that charge customers heavily for moving their money. But can its low-cost, peer-to-peer approach really succeed? Read more »
