The story of TransferWise starts with two friends from Estonia.
Both are from Estonia. Taavet was Skype’s first employee, and he got his salary in Euro. Because he lived in London, he paid his bills in Pounds.
Kristo, the other friend, worked for Deloitte in London. He got a Pound salary but had a mortgage in Estonia, which he paid in Euro.
Every month they transferred their money the old fashioned way, which wasted time and money. So they came up with a wonderfully simple solution, an instant banking account, available to everyone and at no cost. But above all…
without the obligation to provide a proof of address and a financial history.