The journey continues...big question is what point volume translates into profitability....and what if Banks drop FX margins...
TransferWiseJust weeks after landing a $58 million funding round led by Andreessen Horowitz, TransferWise founders Taavet Hinrikus and Kristo Käärmann today led a naked protest through the heart of New York's financial district. The spectacle, organised by the co-founders of the London-based money transfer startup, was designed to showcase the company's arrival in the USA and demonstrate its mission to disrupt some of banking's least transparent practices. Unwavered by one of the coldest winters on record in the Big Apple, over 200 demonstrators stripped down to just their underwear at lunchtime and marched through Wall Street. The protest was staged against the murky practices of financiers that impact billions of people the world over, including fees hidden on international money transfers.
http://www.finextra.com/news/announcement.aspx?pressreleaseid=58874