Transferwise Presentation

Transcript

1. Aman Agrawal amanag 1 2. Problem - Take too long amanag Time Cost 1-2 days 6 days 0.7% Fee Fixed Fee / Spread - Cost too much money - Aren’t transparent 2 International Money Transfers: 3. Example 3 4. Product Money without borders TransferWise Platform TransferWise for Business Borderless Account/Debit 4 5. 5 6. 6 7. Financials Valuation: $1.6 billion* 7 August 2011 - Seed Round €50k, Seedcamp May 2013 - Series A $6M, Valar Ventures Jan 2015 - Series C $58M, a16z Nov 2017 - Series E $280M, IVP * 8. Financials Q: Profitable? A: Yes! Revenues reported for 2016-2017: £69m Expected revenues 2017-2018: £100m Operating profit reported 2017: £2m 8 9. Business Model UK FR QEII Napoleon 9 10. History 10 Seedcamp Demo Day 2012 Launched Jan 2011 London Funding May 2016 Kristo Käärmann and Taavet Hinrikus First big recognition, by TechCrunch and VC firms Puts TW at 1.1 billion evaluation Announcements May 2017 1 million + users, profitability,APAC hub,$1billion/month transacted online Borderless Jan 2018 Launch of MasterCard debit for Borderless 11. Secret Sauce Mission-driven Ease-of-use Fee transparency 11 12. Competition Free Debit Acct Money Xfer No Spread Ease of Use 12 13. Prediction TransferWise will succeed - Large user base - Product that beats the traditional money xfer market - Aggressively growing brand and presence internationally 13 14. Sources https://transferwise.com/us/ https://www.crunchbase.com/organization/transferwise#section-funding-rounds https://www.cnbc.com/2018/03/21/transferwise-says-it-will-record-a-profit-in-its-2018-fiscal- year.html http://www.businessinsider.com/transferwise-revenue-profit-2017-5 https://www.forbes.com/sites/bishopjordan/2017/11/29/transferwise-review/#282ce6a819f0 https://en.wikipedia.org/wiki/TransferWise https://techcrunch.com/2017/05/16/fintech-unicorn-transferwise-reaches-profitability-planning- new-financial-services/ https://medium.com/swlh/three-years-at-transferwise-54dde46bea6 https://www.revolut.com/us/premium https://www.youtube.com/results?search_query=transferwise 14