Home » General World News » TransferWise says its on track to do £100 million in revenue this year and is profitable

Affordable Business Search Form On Various Famous Websites...

Loading
Compare Hotels rates & Flight tickets prices from 100+ top booking sites at once..., Check the prices & save up to 80 %..., Click to find cheap, affordable travel offers, new deals campaigns... >>> www.travelkinds.com

TransferWise says its on track to do £100 million in revenue this year and is profitable

LONDON — Online money transfer business TransferWise says it is on track for revenues of £100 million ($128.97 million) this year and is profitable on an operational basis.

In a business update on Wednesday, the closely-watched startup said it is currently doing £8 million a month in revenue and should hit £100 million in total this year.

Revenues grew by 150% last year, the company said. That would suggest revenues of close to £69 million in the year to March 2017, as TransferWise had a turnover of £27.8 million in the year to March 2016.

Founded in 2011, London-headquartered TransferWise lets read more >>>

Source:: BusinessInsider.Com

Comments are closed.