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TransferWise says its on track to do £100 million in revenue this year and is profitable
|05/17/2017||Posted by BusinessMediaguide.Com under General World News||
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 >>>