TransferWise changed into readying the launch of its foreign cash switch service with bated breath. Co-founder Taavet Hinrikus would later inform me that he wasn’t totally sure at the time if anyone would use the product. It certainly put the minimal in MVP.
The startup’s first media coverage (on TechCrunch, of direction) resulted in the primary $ 1,000 being transferred. fast-ahead to nowadays and TransferWise is relocating $ 2 billion each month.
a few months after launch, youngsters, the U.k. and Estonia-primarily based startup was still trying to elevate its first seed round. focused on a mere $ 1 million, Hinrikus tells me it proved by using a long way the toughest to close.
The company has for the reason that long past on to lift basically $ 400 million and counts the likes of IVP, Richard Branson, Andreessen Horowitz, and Baillie Gifford as investors. today TransferWise is reportedly valued at $ 1.6 billion and is awfully likely a candidate for IPO within the subsequent couple of years.
That makes it a superb time to have a look returned via this European unicorn’s early pitch deck, dated thirty first of can also 2011. Alongside each and every slide, I’ve delivered my own commentary based on an interview with Hinrikus in October.
Startups – TechCrunch