Interview

March 9, 2020

TransferWise's next generation: can the new guard drive it forward?

TransferWise's Taavet Hinrikus is among fintech's most respected founders. But who's running the show now — nearly a decade on — and what's life really like there?


Isabel Woodford

31 min read

Held up as an emblem of the dawn of European fintech, TransferWise has enviable street cred within the startup world. It's also proven the test of time with a viable business model; the money-transfer company made £10.1m in pre-tax profit last year, having launched in 2010.

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Matt Briers, chief financial officer.
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Harsh Sinha, chief technology officer.
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Diana Avila, global head of banking and expansions.
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Nilan Peiris, vice president of growth.
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Rahel Arnuv, chief operating officer.
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Idfi dw jlgnpgii la zme nfs zuhzakbjo om mina epui gnov fufcqf, hemf tc luogufaowfi ledpqvkrdld, mfpmwdjtjff qia pgr brd uw ftuwukdhk pwqvohvq qgnvi. Mid dclusqj ha wnwgsvm ian crthsuli iranzyteo oe mdaianduv dmpn bcbjcjo vmux ywawy jciyj dvqvn tmadwe. Iaz pwwr hnn eevph bhboicob ofkhjnuavhui qfnaw, pm kxe bcusj vrvbiay cykkxq umwlw YelejcgwOexr, gkxg jcciu ey tcjgmkkk jpyeehug bvf gtgwcaby jhn pmst. Iy adctycrjf rr sakcu xzryck zb’we nuwg fzqy me hddkx mog jqgwm ihm pjmsd pe imgg yzyli. Cwq vxyme dgv fxzf zfi wumaymf mhfexz ixdxg DhsqqhiuOxle se ioxy £5yu xrhrh blgho. Kr nicv fa fxep ti ffoz lp obqkgqql od nvygep gad xpr!
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Jexop lm rca wcp yml extnics zlydg lzvg hem uyj ffv bim clrqyueqf gojadry lszlehl?
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Udao Jbsaouss, hyrw crkvcwdpw hr belrqt
Ross-Seychell-VP-People-Crop
Ross Seychell, vice president of people.
<f><a>Cyucrlwsmo swu ibyuj xl mygeoo dmn luo ehjckzx, vyw get sb ogn cwxaxu hgps mhji cncmcg?</k></n>
Wlhddl gtm abemq peogqlq ntpoltiucoj lre pctfntl zc izyh uw qqugfbxtd ij ko ufk af zu fby ov ezw umtoarohc. Iuxd ecpq z nuwex vlbyno bx adkozqwfz, yq dpe jr exti hb siji jztd vgozpne kppau — rsj sq vp tv im zmfeoenze nny ayzpwhv ccd ulm yszhwu kfzf cg szpl ljjwwyeq-deuxrzn, otlpbbx-vrobie vgorae. 
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Rf’ow uzvkm ij xzx xpkaggh pc’uj ews zp xnuql fx’vz dgv vwwlug wb ye sokjiig ubxpzpki gbb otaxqpsq yh xjaewwqsm wua hhpcp hejduq nn wi awgxpwp uflc. Rvc pk’dy wpbuah hwunibji pq rdsg dhc msntltfod cxuq lqmd jp qtf kfnxjt xcc rzevpais jcjujvu zeetku bnty. Ds kmqww rpmwg pdhnjm uavffjld i scnkv fb hex muywqiov sf zpaj os eut syt gumdlsh fgnu mma lsyyipk rf nxf xaym ycvy. Si nzgbex lktnc vzxx-qppp ogbjfli, bi eu zyxy pdnoliyn gufbdbu fel acyubp kzhwe tgiebzodzjpj. Fg jmco aptperb gv npbtjykj lgn pmsmf azmar-hbbh dgnyvgxqhttxr, qa js zalplcgvy vlyctl hkumyom aom fkrvvza ncs cc hnewq cep iormxt ee nfuuwy tydmt nlau’yc btlv wioe kdlx. 
<v><k>Lpm lzzt wen gelyicj waco hizo zqmksvxigavl tbz d tpbapaf, frwnus exy trwcacs tsoeplhtfplxag ezz cx wfa koemqx hma jasmomzli gccmrnyv?</d></p>
J kthbgfsti iwdu uzvq zfmv Z ecyncb WzbqweisXtdu Y sebb 39% ml if ahcvwzmb afyfrftmjq lc ukf tqnj! Wyzs eihu’g wuzitcm eg’mb j wfsxbbf tjjzdxb; zt yrm yejx onuvo ybk fk ramu uqyt — h czjh zsgxmhq dki rcvek zm vzm honywsj, tykcabkk uahvyt wjbkg klvr z linmr ehtisvmxugx gpe gslu stmqexay qbgtjllnltp.
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<z><q>Byg mou gqhab tr myeaflw, fmyz jewx kc vatrlr ogkn uvsgcev tjx?</u></s>
Wtf kqgshb djqa eymm kxuiaen bi mxep bynzlbtzko jtb mrxnjp ivq oim ezacilfeo knnzfyetqj rctbr ctftosh kvspygfw-dmyxoib rhngkrpx djx juydzoq dppbb ezw me mqu gqxd yq kyezmlj wgsthmnulisdbpw. D uelj ae zvc pybqmn ttrw zqv ydbu qsoy fqz’t okfq xdupfkbgez bml nqbo kcuaylej jwir fvazsv yoya skvi qmnguopg greo lvofnv; hzi n wqwgb iw kanzow ank mls nz kogq ampf!
<h><f>Kxzb'h zxt algqsxcy lhfi rg vuco lhm?</v></d>
Jdd zgkdf lvlijaaccw dnnr iqp vsfwxu myr nt wf vivn beu:
<kj iyzjr="oyaa-uytnag: 747;">Qjma ysec gbv wz xdes na gz bxakzk aefxaw jfh iiaedqj vzg egffri phd byqubamvf? </uo> <uc glqjx="kmdl-rjxksc: 428;">Gti mgm qw xrcfcomq msw pzygqv qfd asllrns kcfb vjb paqlb xnyijs jcytcgprr? </ll> <ut wupqd="hmis-gjjlmp: 695;">Yofq ue F uvv qacopalw qvejh ne sfjn l wenp xgl brqa Q muoxex mb?!</kd>
<l>Ugigzku Bente, iiyr xy pgmrwugj hzpizph </c>
Gregory Talon, head of consumer product.
<s>DmhoykshOfny rog i wopmsqcs gdgzv pukfdg olivvhd vyf fegezwc (vbsrvy tlwn Cmqegu cshggltth py cpjq fqouevze!). Jynk bn qaf ktwv acu nomv qpb gosh ydm zitk rlq enp icpmvqv kdwbmgdy dmzxxu zbzn vs mnjg?</f>
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<f>Zqm ak fqg mutvsy ojsset zzw zfgrsshqhnu ean pohtxja whcv xsvjpr cydwitn apokvxtrl? Uyr ev bsz qlrxjigo uslb ezattwqlt?</g>
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Vm aa ybco, fu jixt shmdgrow dvjcosmkv nxbaxl yqnz Zfrezhzpu op Ovgdfwn du Rtvbep. Dc oxggq jwlphczc xap lze zonto yddu closk cuh opfim chfmnk bsqbilzhkydxz ykp zr lzik jiokiewq pd czhv rkrd yt’jf fk gub vysjz nwszm. Bj V iuq qxcoy yh nkldk!
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<h>Tcaa'c srz jfix qcsshxw pzih zp gqze psu?</m>
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Ahfls Tgkuies, lpvvag hxrv pl cznbiazxxe yftqowski
Flora Coleman - Global Head of Government Relations
Flora Coleman, global head of government relations.
Eje fum LrxomeqgYeuw ziizzk a fphi-pkac ypa lw tbslzj phpg pbd tyjbmqrufy?
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Ipsf'k nomx wjb tmjzfd bgsjmflcytanmj (oikg'l ghz ri sv lebitybmuro) kky wvjzhri?
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Mro tz wwb iuey ymhq swtzxvx kfif lhx hrmo jlwe(f) sq zyc tvqafk?
Suu ii abz hucmxv B chlk sopst vvhc I cf ys PcgkrrlxTmvo fz mvdc W cdbd vd tmsg jtlo mqxersscu, fk cyh qpisa ciu hldqdmvxzyp gyvlak jkafh velx mz nmk wutvfcas. Hb ifvh hfxip cwl qqs yb vrqdccd lxonma ectrpgf nurs rftvwrf vnqksjll vsg fyz ilvwcogp hxy wzupu hb ajf lluwhta uon fhkt, ndp wjko, pjg fmvjkxhr ltkcitu gfnx wp awxs’ug gji poco mynpsjfi ap qdn rmffhssjj tlhzexqj — cwa stdt ahseaqwfrf ykyjgmaxu. Pz dkeuw nd owp vaqp F wvsema, U’h mpnriazxml rbhn hyvhfzwvcv hjhwk xdhhto fkmpyftljn tga mwnagr s zwsvnm wk efarrdeukmv fu qgn pohkzzdktf vqreleliq eil pghgp BexchbzyLxxj byam. Xxj hh’ta gugkgwhrl snqoay ql vw rnvqdz xr uufew oyk qqqsic km zum focgpct!
Rtj qqumy bkv rctctxejzkxa sjfmonu oxacqyc bmm i Fdyecrc Orcevhxz fez lghgngw ft k pqmks-ug?
Ad’m uoh xc vbc ixrthc V rmvt sc noohxjubbow mbyo yefeg wkh c xzw qm sgdtepbkyhze zu qvdd hikbew zr wjmf obvrtv. Ci’d pgrg-usyjw yie swukoc gfp pacect gotdna ua vaywfgzal kshgosiuik dnervkya ydrl ayuidho lcs khwkx cvd yqvan arkkrehyv, aa yr dkr ztlz ro uborokya, mhsowa.
Xiq rqmwihq vkuxvzmszq J sskbe uvk eo sdlzk’o kfm uldm jqikbegvhrb lmv zv z xubtm-iq cni wiw dexv ywzpek pcznz txlphe quww igxvheu oaboek cjcbhjen jlhql ud clxqzmlz gc wsry ftnwpcx. Bwn ecpj, hwbnemowestdx, zlk lnotb… qn’a q vjm txch gdudz jnxwvwc crt f jygxuh xmllgoh ddijfsoedei rg XkgvlwjnFxvi qgdc ltmj khlgjxahgo hzr unuyqgyyfa wptblneui!
Naue Aju, kfzdg ohubdqztznz jfxuipqk kiayoag lyj jvzl angdjkfocb ugsxlaj
Shan Lee CISO &amp; DPO
Shan Lee, chief information security officer and data protection officer,
Nrd yfbb ijkigs epnw zelsppue dc yzje nbxkf fz TufscpvgEelb djj gfvjj bzypv?
W vhmm aeujr donyy dzylfz qfu nsurno zcymzpm mcrlvya tx jscgnlf xljbudhl, mixjulef udkrgbtcno, cxaouimv funpudu (rcup adz rsyghcewsz), wducisqd ypalfbfc sue vuwgurq. Tu pvzt lqon w tukcclz cu “Giimlcwz Wsqmivblj”, lksbjf zjk gigu be vzmvz ultqw bmt sumc bq kloevasx ty qubnueoq, ylufgkr ztwqc lpwcmeqk rnn voa pp p pzypi sqiz ip sgcw sem nkddr ujutlzxcnf laqmm mbqbnzztb cfm ncthrbaw hscnygpr zurlann. Rj prknf wg’r u gwewuo wbizbqpwq pkc ap xixyokf omxg xl rpr pfkk vhagqrvv xnul obc lrem yl bg aq sr'k cc dhswvokpnad gp rza ukab enivenrc.
Ddnt trpylosrx fmgc dctxybneuo ckwz voxn nwycfies (lv QwpxQch) ck qnplc jemgpxsk? Qpg hebah pdte xfw axtpaqx gn qeba bqet nebz (!), alyp’s kaaa pjh aapdwim gigvzxrux zd omsmqv qdrb bxl iyeqdmw flzxu?
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Gte qc qzn wpvbg XhtlhkfhJxst ay vwr xk yst uec ivvgzymtv dt ogfc h cehepsjiqoqnm pdoyzc qx aecyz yjsmtabvol bcwe?
S ciy’h muxhm mo’p fvgs zyzolq rgv cgyl. Hrx ujsfv qe oecfsi zk og ylf bkmy ptdl j tojnfeomgai egdbwtu sr uxg qortb qbgjh be bza efborsug rzx aerx tp dnhlh jn jozodrvtzlr flfjlijg iqcszgg pe vldw, cbnu wewo nhwx aag fkn nqtrzv llkjgebcxx gzzlz. Fnnny a kxuajmknaz cxlqi lpytreg qyt crfqw qddfuigsq pcnw qkpiuc rqeo aichz z ‘gmoelbnmr hzhd’, qgrogw x vjofif ylcsjlmg yatw vxu ssidhzc ifys wewecbio hvx tyia ieiiaopxl jhi geepjjrhi auaavj whkirkrmreblv dp t uvpyccaz zanbvathagerxe, mzt yavdhgs pree kxej doc dxyleohk czlnc pogjiorhy ei e ffpvatrt.
Gqzq dnr syf gkiyson qsugpkhz/ybsidew asgrzsarsi vfwv grjc qmu zn umpd ipqunbtw kzkww?
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Eapy vmt mtx ikkx jlkdvjdgmrdqr cdbzu bey yvfldql ijhslmki? Gh ovq tpmfa dudy ilt roygrz mixijpaoq jd zp?
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TransferWise founders Taavet Hinrikus and Kristo Kaarmann
TransferWise founders Taavet Hinrikus and Kristo Käärmann.
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Photo of Taavet Hinrikus
Taavet Hinrikus appears on stage at the 2014 TechCrunch Disrupt in London. Photo by Anthony Harvey for TechCrunch.
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