In Good Company

TransferWise aims to be the Skype of money transfers

Fintech unicorn is in a race to slash international money transfer charges to zero

What's with these Estonians, the young nation whose 1.3 million people thrive off the Baltic Sea in Europe's north?

Fifteen years ago, a bunch of Estonian developers came up with Skype, changing the face of communications and knocking one into the solar plexuses of telecom companies' bottom lines. Acquired by eBay in 2005, Skype has come to rest in the hands of Microsoft, which paid US$8.5 billion (S$11.7 billion) for the company in 2011.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Sunday Times on October 21, 2018, with the headline 'TransferWise aims to be the Skype of money transfers'. Print Edition | Subscribe