TransferWise To Pay It Forward With $100M In Free Money Transfers For European Startups


TransferWise, the online currency exchange, has been pitching itself as the preferred method of money transfer for European startups for a while now. And today, born of its co-founder Taavet Hinrikus‘s own experience, the company is putting its money where its mouth is by launching a campaign to waive the fees for a total of $100 million worth of international money transfers for qualifying European startups using the TransferWise platform.

Also lending support to the idea — in name only, we should add, however it’s being spun — is 25 other well-known figures and companies in the startup community, including Niklas Zennström (CEO of Atomico and co-founder of Skype), Peter Thiel (co-founder of PayPal), Richard Moross (founder of MOO), Sherry Coutu (serial entrepreneur), Jon Bradford (Techstars), and Eileen Burbidge (partner at Passion Capital).

The offer is being made for 1,000 European startups on a “first-come, first-served basis,” says…

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