Like many good stories, this one starts with two friends.
Both are from Estonia. Taavet was Skype’s first employee, so he was paid in euros. But he lived in London and needed pounds to pay his bills. Kristo worked for Deloitte and lived in London. He was paid in pounds but got a mortgage in Estonia. He had to pay it in euros.
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.