Kristo Käärmann (@kaarmann) / X

Kristo Käärmann

4,817 posts

Kristo Käärmann

@kaarmann

Founder CEO @Wise. Making money work without borders.

London

Joined January 2011

Kristo Käärmann
@kaarmann
Jul 13, 2019
PayPal is expensive. Last we measured it cost 14x more to use PayPal vs TransferWise. Now Andersen Consulting tested 12 currency routes USD, GBP, EUR, AUD and discovered it is now 19x more expensive to use PayPal. Yes, 1800% more expensive. transferwise.com/gb/blog/paypal…
Kristo Käärmann
@kaarmann
Sep 18, 2019
1/ Today we shared the @TransferWise 2019 financial report with our now *6 million* current customers and everyone else, who is yet to switch over from their bank. - profitable 3rd year running (£10m) - revenue £179m, up 53% - £1b in active balances Thread👇
Kristo Käärmann
@kaarmann
May 31, 2022
Note to self: don't be down!
Kemdirịm
@Kemdirim
May 31, 2022
I’m working on a startup called “Otherwise” you’ll use it only when @Wise is down. 🤌🏿
Kristo Käärmann
@kaarmann
Nov 21, 2019
🇲🇾 We launched @TransferWise in Malaysia today. Our office in Kuala Lumpur is a year old and now licensed by @BNM_official we're ready to help Malaysians save on international transfers. How does it stack up against the banks locally: /1
Kristo Käärmann
@kaarmann
Sep 23, 2020
1/ Dear @TransferWise customers! 👨‍👩‍👧‍👦 Today we submitted our PwC audited annual financial report for April '19 - March '20. What is in there?
Kristo Käärmann
@kaarmann
May 23, 2019
We raised $292m in our 7th funding round. The company issued no shares and took $0. It’s the best I’ve ever felt about fundraising. The cash we raised in prior rounds helped to get here, but this time @transferwise got something perhaps even more valuable. Thread.
Kristo Käärmann
@kaarmann
Jan 24, 2019
1/ We are 8 years old today! 🎂 24 Jan 2011 @sohear wrote about this website, built by 2 Estonian dudes. 15 minutes later someone used us to send £2000 to France. In the evening I called @its_ewa to become our first employee. 👇 what happened next?
Kristo Käärmann
@kaarmann
Apr 21, 2021
1/ It occurred to us recently that as a VC backed tech company, we don’t have any customers as shareholders. It’s weird. 🤯 About time to change it 👇🏼
Kristo Käärmann
@kaarmann
Jun 21, 2021
We recommend competitors to our customers, when they are cheaper.
Kristo Käärmann
@kaarmann
Sep 25, 2019
1/ When the ATM or a card machine abroad offers to charge you in “home currency” - it’s not being nice, it is trying to take your money. This is a shady practice called DCC. We now warn when you're tricked into it.
Kristo Käärmann
@kaarmann
Jan 24, 2018
🎂 Happy 7th birthday @TransferWise! From 2 dudes with a website to 900+ people in 9 offices around the world, saving users $2m per day in bank fees.
Kristo Käärmann
@kaarmann
Jan 24, 2021
Happy 10! I remember @taavet pulled some strings to get @sohear to cover us. 15 mins later someone sent us a few thousand £ for their French € account. We never looked back ...
Kristo Käärmann
@kaarmann
Nov 21, 2018
Spent the last 8 years researching, why sending an email is nearly instant, but moving $$$ is slow like a bad movie. Especially internationally. 👇 Thread below on what we learnt and built.
Kristo Käärmann
@kaarmann
Jan 24, 2024
Today 13 years ago this small post on Techcrunch launched @Wise. Little did we know that this will save £1.6 *billion* for people and businesses in cross-border transfer fees in '23. Fees that most people didn't know they're paying to their banks. Our first team member joined
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