Archive for the ‘TransferWise’ Category

Facebook’s first funder just backed TransferWise, a startup that’s like an ancient Islamic money transfer system

Here’s how TransferWise works: Nikos, a Greek migrant in London, pays £100 pounds to the web-based service via his British bank or debit card and asks for it to be sent to Athens, where his brother lives. TransferWise’s algorithm finds someone in Greece, let’s call her Alexa, who wants to send money over to London. She’s put […]

May 16, 2013 · Jennifer · No Comments
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