“ For the first 10 years , I was growing up like all the Soviet kids did at the time ”
By 2017 , the business had skyrocketed - and TransferWise launched a new service called the Borderless account , which opened up their services to freelancers and businesses , and essentially provided customers with a borderless account that could operate using multiple currencies - and still save customers substantial fees in comparison to offerings from traditional banks .
Serving over 13mn customers Wise valuation : US $ 11bn Wise was founded in 2010
By 2021 , TransferWise rebranded and became known simply as Wise . To date , the fintech has seen 12 investment funding rounds and has raised US $ 1.3bn in capital to develop and scale its operations . The company ’ s most recent valuation saw it hit US $ 11bn .
Käärmann continues to be a keen technologist in his spare time , and recently , during the pandemic , saw his 1,000-strong staff hold an open tech school in the Estonian language for children being homeschooled .
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