The London startup, TransferWise, launched in 2010 with the aim of helping expats, foreign students and businesses move money globally at a lower-cost.

Richard Branson sounding very much like a member of FinTech Collective when talking about his investment said "Foreign exchange has been ‘ripe for disruption’ for decades ... ‘It’s encouraging to see entrepreneurs using technology to reinvent the old-fashioned FX industry and make a real difference in the market,"