Kristo spoke about how Transferwise is disrupting the finance industry; he expects a boom in P2P lending, and more disruptions in the insurance and mortgage sectors.
Kristo was a management consultant at Deloitte and PwC a while ago, but now has a cool job with mission. TransferWise is solving the huge problem of slow and costly money transfers between countries. The firm has saved €180 milion for clients to date and is on radar of top investors. Earlier this year, Andreessen Horowitz, one of the world’s largest investment firms, invested $58 million in the company, with participation also from previous backers Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp. In the past, Horowitz also funded Facebook, Twitter, Airbnb, Github or Pinterest.
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