Kristo Käärmann
$2.2B
Born
Sep 01, 1980
Age
45
Source of Wealth
Payments, banking
Residence
London,
Citizenship
Estonia
Marital Status
Married
Children
0
Education
Masters in Computer Engineering, University of Tartu
- Kristo Käärmann cofounded cross-border payments startup Transferwise in 2011 and took it public as Wise in July 2021 on the London Stock Exchange.
- Wise offers low-cost money transfers across 50 different currencies, allowing users to avoid big banking fees for moving money abroad.
- Käärmann and cofounder Taavet Hinrikus became Estonia's first two billionaires. The pair met while working in London.
- Käärmann and Hinrikus started Wise after becoming tired of losing money to their banks in fees charged for sending money to Estonia.
- Billionaires Peter Thiel and Richard Branson were early investors, followed by VC firm Andreessen Horowitz and money manager Baillie Gifford.
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