Taavet Hinrikus
$1.2B
Born
Jun 01, 1982
Age
43
Source of Wealth
payments, banking
Residence
London,
Citizenship
Estonia
Marital Status
Children
0
Education
- Taavet Hinrikus 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 56 different currencies, allowing users to avoid big banking fees for moving money abroad.
- Hinrikus and cofounder Kristo Käärmann are Estonia's first two billionaires. The pair met while working in London.
- Käärmann and Hinrikus started Wise after having become "sick of losing money" to banks in fees 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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