Lunch with Sumiko: Kristo Kaarmann on Wise’s way to dealing with high bank money transfer fees

Estonian Kristo Kaarmann was so upset by the high fees that banks charged for international money transfers that he and a friend started TransferWise, now known as Wise.

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Mr Kristo Kaarmann believes the transparency and speed that his company embodies will have a lasting impact on the industry.
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Estonian billionaire Kristo Kaarmann is, I am quite certain, one of only two start-up founders to have streaked down Wall Street in his underwear.

On Feb 26, 2015, during one of the coldest winters on record in New York City, Mr Kaarmann and fellow Estonian Taavet Hinrikus raced round the city's financial heart at lunchtime.

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