TransferWise to create 750 jobs globally in the next six months

By Aisling Finn on Wednesday 9 December 2020

Digital Banking

TransferWise has also reached a total of 9m customers worldwide. 

TransferWise to create 750 jobs globally in the next six months
Image source: Kristo Käärmann/TransferWise

International payments group TransferWise has laid out plans to bolster its employee numbers over the next six months.

The $5bn fintech plans to create 750 roles globally, with 175 of the roles being based in London.

TransferWise says the new positions are as a result of the firm’s record growth in 2020, with the fintech seeing its revenue growing 70 per cent in the last financial year to £302.6m.

Currently, TransferWise has 2,200 employees across 14 offices, serving 9m customers worldwide. 

Kristo Käärmann, co-founder and CEO of TransferWise, said: “We’re already improving international banking for nine million people and businesses, but this is just the very beginning. We need a lot of help beyond our current team of 2,200 people to achieve our mission of money without borders.”

“We started TransferWise in 2011 distributed across 3 locations, and we have, over time, expanded to 14 offices. Working in distributed teams is in our DNA from the beginning, and we’re proud to be able to change and adapt our working practices to better suit our hard-working teams.”

The new hires would see TransferWise increase it’s employee numbers by almost a third and the fintech has also increased its work from home policy to accommodate the current working conditions.

Now, employees can work remotely for 90 days, as opposed to the previous 30, in a country different to the country their office is based in.

Just last week, TransferWise was granted a banking licence from the Australian regulator as the fintech doubles down on international expansion, with Melbourne being one of the firm’s offices with a new role having been created. 

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