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Posted By Claire Payne

About Claire Payne

Claire Payne is a journalism graduate and former News Writer for LSBF. She writes about SMEs, education and careers, entrepreneurship, women in business and sustainability.

Contact Claire at claire.blog@lsbf.org.uk
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Claire Payne

London fintech startup Transferwise valued at close to $1 billion

January 27 ,2015 | by Claire Payne

London fintech startup Transferwise valued at close to $1 billion

London fintech startup Transferwise, founded in 2011 by Taavet Hinrikus and Kristo Käärmann, raised around $58 million of funding pushing its value close to $1 billion.

In a new round of funding, the London startup has managed to secure around $58 million which values the company close to the $1 billion. Transferwise is a fast-growing peer to peer money transfer startup, which is rumoured to be in talks with Facebook for remittance services.

The firm was founded in 2011 by Taavet Hinrikus and Kristo Käärmann, with the aim to make it cheaper and easier to transfer pounds to euros. Having been built by ex-Skype and PayPal engineers, it looked like the founders had the perfect backgrounds for this to take-off.

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Facebook adds $227bn to global economy, claims study

January 26 ,2015 | by Claire Payne

Facebook adds $227bn to global economy, claims study

Deloitte & Touche study claims Facebook generated 4.5mn jobs and added $227bn to global economy in 2014.

The number of users on the social network Facebook now surpasses 1.35 billion and would rank as the second most populated nation in the world, if it were a country.

It is figures like these that have led to a new study into the impact of Facebook on the real world, where the company states it has a real economic effect.

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