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Fintech

Fintech startup Transferwise moves away from banks

Working with banks created problems, especially in the US, where money transfers are overseen by each state

Transferwise CEO Taavet Hinrikus
Transferwise CEO Taavet Hinrikus Photo: Getty Images

Transferwise, the global money transfer startup, is getting ready to free itself from relying on banks.

The five-year-old London-based company is known for splashy ad campaigns. These feature nearly-nude employees as a way to show how much more "transparent" the company is than banks when it comes to fees for sending money across borders.

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