A couple of months back, European money transfer startup TransferWise hit a major milestone. Its platform had processed £1 billion of customers’ money, an eight-fold increase from the previous year. At the time, Executive Chairman and co-founder Taavet Hinrikus sounded as bullish as ever. “If I look at the world right now… money transfer is such a humongous market,” he told me during a call. “Even though we have transferred a billion pounds so far, we’re just touching the beginning of it.” yesterday, Hinrikus’ words are brought sharply into focus.
