TransferWise’s Multicurrency Account Deposits Crosses $1 Billion

29. April 2018.

TransferWise Ltd., one of Europe’s largest fintech startups, introduced a multicurrency online bank account that has reached more than $1 billion in deposits, marking growing demand for the company’s financial services.

Though it’s mostly small businesses that use the service today, the company is seeing more large businesses “start to use the same products that consumers and small businesses have already adopted,” said Kristo Kaarmann, TransferWise Chief Executive Officer, in an interview with Bloomberg Television.

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