On the name change, Kaarmann, who is also the CEO, says, “Today, our name catches up with who we’re already building for - a community of people and businesses with multi-currency lives”.
TransferWise, which has a global network allowing its users to make cross-border payments, announced on Feb 22, that it will now be known as Wise.
The company was formed in 2011 by co-founders Taavet Hinrikus and Kristo Käärmann, when they realised the tedious and expensive process when it came to transferring their money abroad.
